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Operating income (EBITDA) of €59 million within projected range of €55 million to €65 million
Proportion of Group sales generated via digital channels further raised to 23% at end of quarter
Guidance confirmed, with at least slight increase in operating income for full year and correspondingly positive net income
Duisburg, Germany, October 24, 2018 – Klöckner & Co SE maintained its positive earnings trend through the third quarter of 2018. Mainly benefiting from the positive market trend in the USA, operating income (EBITDA) improved very substantially to €59 million (Q3 2017: €47 million), within the projected range of €55 million to €65 million. Net income went up from €13 million to €22 million. Earnings per share consequently amounted to €0.22 (Q3 2017: €0.12).
The proportion of sales generated through digital channels further increased to 23% as of the end of the quarter (Q3 2017: 16%). Additional vendors have been secured both for the Klöckner online shops with marketplace functionality and for the independent industry platform, XOM Materials. As a result, some 20 third-party vendors are now marketing their products via platforms launched by Klöckner & Co.
Gisbert Rühl, CEO of Klöckner & Co SE: “With the development and operation of web-based platforms, we are building a business that has the potential to revolutionize steel distribution and associated activities.”
The guidance for the full year has been confirmed, with at least a slight increase in operating income (EBITDA) compared with the prior year and correspondingly positive net income.