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Duisburg, Germany, July 9, 2018, 2:07pm – In the USA, an important market for Klöckner & Co, market prices for steel and metal products were above expectations in the second quarter. As a result, Klöckner & Co benefited more strongly than anticipated
from the positive market trend.
On the basis of preliminary figures, instead of between €65 and €75 million as guidance, second-quarter operating income (EBITDA) is now expected to be around €82 million.
A strong year-on-year increase in operating income is forecasted for the third quarter also due to the expected price level. Therefore, the expectation for the full year is now at least a slight increase in EBITDA compared with the prior-year figure.
The full interim report as of June 30, 2018 with the final figures will be published on July 24, 2018.