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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/) and/or the annual report 2018, page 265 (accessible via https://www.kloeckner.com/dam/f/333230/595x842/13da645a2d/annualreport_2018-pdf.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/f/333230/595x842/13da645a2d/annualreport_2018-pdf.pdf).