Operating income considerably stronger than expected
Duisburg, Germany, April 7, 2022, 2:11 pm – The renewed supply shortage has led to a significant increase in steel prices in Klöckner & Co's core markets, Europe and the USA. Against this backdrop, supported by a determined margin-over-volume strategy and disciplined net working capital management, the company achieved a considerably stronger operating income (EBITDA) before material special effects in the first quarter of 2022 than originally expected. According to preliminary figures, EBITDA before material special effects in the first quarter of 2022 amounts to € 201 million, against the previous expectation of € 130-180 million.
In addition the company has generated positive material special effects in the first quarter, in particular from the sale of properties in Switzerland and France amounting to € 53 million.
The figures for the first quarter will be announced on May 4, 2022.
For the definitions of EBITDA and EBITDA before material special effects reference is made to our homepage (accessible via https://www.kloeckner.com/en/glossary.html) and/or the annual report 2021, p. 36 (accessible via https://www.kloeckner.com/en/investors/publications.html).
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:
Head of Investor Relations |
Head of Strategic Sustainability
Phone: +49 203 307-2295
Christian Pokropp – Press Spokesperson
Head of Corporate Communications |
Head of Group HR
Phone: +49 203 307 2050