Investors

On May 8, 2013 CEO Gisbert Rühl informes about the highlights and results of the Klöckner & Co Group
for Q1 2013.

• Turnover declined by 11.4% to 1.6 million tons.
• Sales fell by 16.5% to €1.6 billion.
• While gross profit was 11.9% down on the prior-year figure of €344 million to €303 million due to lower turnover and prices, the gross profit margin improved, rising from 17.7% to 18.6%.
• EBITDA was €29 million compared with €44 million (after adjustment for restructuring expenses: €47 million) in the prior-year period.
• Net income was €-16 million as against €-12 million a year earlier.
• Basic earnings per share was €-0,16 as compared to
  €-0,11 in Q1 2012.
• Free cash flow amounted to €-41 million as against
  €-89 million in the same period of the previous year.
• Net financial debt rose from €422 million at the end of the previous fiscal year to €482 million due to the usual seasonal increase in net working capital. Net financial debt was, however, €91 million below prior year quarter level.
• Restructuring program largely completed: 1,600 of 1,800 jobs cut and 50 of 60 sites sold or closed, €12 million contributed to EBITDA in the first quarter in 2013.

- Presentation in German only -