Guidance for the second quarter and full year – operating income (EBITDA) burdened by negative market effects
Duisburg, Germany, April 25, 2019, 6:54 pm – Against the background of unexpected high negative price effects and declining demand development – especially in the automotive business – Klöckner & Co SE is expecting an operating income (EBITDA) of between €50 and €60 million for the second quarter and – contrary to previous guidance – an EBITDA of between €180 and €200 million before material special effects for the full year.
With regard to the EBITDA including material special effects these negative impacts will be mainly compensated by the sale of one site in the United Kingdom with an expected gain of more than €30 million.
The results for the first quarter 2019 will be published – as planned – on April 30, 2019.
For the definition of EBITDA and material special effects reference is made to our homepage and/or the annual report 2018.
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:
Investors
Christina Kolbeck
Head of Investor Relations & Sustainability
Phone: +49 (0)203 307 2122
Email: christina.kolbeck@kloeckner.com
Press
Christian Pokropp – Press Spokesperson
Head of Corporate Communications
Phone: +49 (0)203 307 2050
Email: christian.pokropp@kloeckner.com