Operating full-year income expected to be even stronger

Duisburg, Germany, September 27, 2021, 11:28 am – During the third quarter, the positive dynamics of steel prices, particularly in the US, continued. Due to this development and the continued extremely strict net working capital management in this context, Klöckner & Co SE now expects an operating income (EBITDA) before material special effects of €260-280 million for the third quarter, contrary to the previous forecast of EBITDA before material special effects of €200-230 million.

Furthermore, the Company expects to achieve EBITDA before material special effects of around €800 million for the full year 2021 (previous forecast: €650-700 million). This would be Klöckner & Co SE's best operating full-year income since its IPO in 2006.

The figures for the third quarter will be announced on November 3, 2021.

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:

Felix Schmitz
Head of Investor Relations |
Head of Strategic Sustainability
Phone: +49 203 307-2295
Email: felix.schmitz@kloeckner.com

Christian Pokropp – Press Spokesperson
Head of Corporate Communications
Phone: +49 203 307 2050
Email: christian.pokropp@kloeckner.com

Ad-hoc Announcement 09/27/2021

You can download this Ad-hoc Announcement as PDF file.

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