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).

Issuer: Klöckner & Co SE, Am Silberpalais 1, 47057 Duisburg, Germany

The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the SDAX®-Index of Deutsche Börse.

ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Contact person Klöckner & Co SE:

Felix Schmitz
Head of Investor Relations, Internal Communications & Sustainability
Phone: +49 (0)203 307 2295
Email: felix.schmitz@kloeckner.com

Christian Pokropp – Press Spokesperson
Head of External Communications
Phone:  +49 (0)203 307 2050
Email:   christian.pokropp@kloeckner.com

Ad-hoc Announcement 10/14/2019

You can download this Ad-hoc Announcement as PDF file.

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