KLÖCKNER & CO WITH SIGNIFICANT INCREASE IN EARNINGS IN THE SECOND QUARTER
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.
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 & Sustainability
Phone: +49 203 3072122
Christian Pokropp – Press Spokesperson
Head of Corporate Communications
Phone: +49 203 3072050