Forecast for operating income in first quarter above expectations
Duisburg, February 17, 2022, 11:24 am – Klöckner & Co SE continued its positive business development in the fourth quarter 2021, achieving its best full-year operating income (EBITDA) since its IPO in 2006. According to preliminary figures, EBITDA before material special effects for the 2021 financial year amounts to €848 million.
Furthermore, the company expects an EBITDA before material special effects of € 130-180 million for the first quarter of 2022 (Q1 2021: €130 million), which is significantly above the current market expectation. In addition the company will generate positive material special effects from the sale of properties in Switzerland and France amounting to € 54 million in the first quarter.
The forecast for the 2022 financial year will be announced with the final financial figures for the full year 2021 on March 9, 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 2020, p. 40 (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: