Duisburg, Germany, February 18, 2019, 3:17pm – Klöckner & Co SE is currently expecting to achieve an operating income (EBITDA) of between €20 and €30 million for the first quarter which would be significantly below the prior year figure.
Given the early point of time in the current fiscal year and due to the not yet determined consideration of the IFRS 16 (Leases) effects by the market, a market expectation for the first quarter can in our view not be precisely assessed.
The guidance for the fiscal year 2019 will be announced together with the results for the fiscal year 2018 on March 12, 2019.
For the definition of EBITDA and IFRS reference is made to our homepage and the financial report 2017.
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.
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