Guidance for full year 2019 – operating income (EBITDA) burdened

Duisburg, Germany, October 14, 2019, 7.42pm – Based on preliminary figures the operating income (EBITDA) of Klöckner & Co SE for the third quarter 2019 is expected to be €26 million before material special effects and therefore within the previously published guidance range of €25-35 million.

After the recovery of the steel prices in the USA in the third quarter, which was expected to continue in the fourth quarter, Klöckner & Co SE is now anticipating weaker market conditions and again a negative price development. Against this background, Klöckner & Co SE is, by lowering its previous guidance, expecting an EBITDA for the full year of between €120 and €130 million before material special effects.

The final results for the third quarter 2019 will be published – as planned – on October 30, 2019.

For the definition of EBITDA reference is made to our homepage (accessible via https://www.kloeckner.com/en/glossary.html) and/or the annual report 2018, page 265 (accessible via https://www.kloeckner.com/dam/kco/files/en/publications/2019/AnnualReport_2018.pdf) and with respect to material special effects reference is made to the annual report 2018, page 55 (accessible via https://www.kloeckner.com/dam/kco/files/en/publications/2019/AnnualReport_2018.pdf).