11.07.2016
Klöckner & Co. SE DE000KC01000
DGAP-Adhoc: Klöckner & Co with significant increase in earnings in the second quarter
Klöckner & Co. SE / Key word(s): Preliminary Results
11.07.2016 11:55
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Duisburg, Germany, July 11, 2016 - In the second quarter prices for steel
and metal products have seen a clear recovery accompanied by a slight rise
in demand, both in Europe and the US - the relevant markets for Klöckner &
Co.
Supported by a further optimized inventory management, based on close ties
with main suppliers and digital pricing tools within sales, Klöckner & Co
was able to benefit stronger than initially expected from the positive
market development.
On the basis of preliminary figures, operating income (EBITDA) for the
second quarter is now expected to be in the order of around EUR70 million,
thereby exceeding the guidance of EUR50m to EUR60m.
An increase of EBITDA compared to previous year's figure is expected for
the third quarter as well, despite the current consolidation of steel
prices. Thereby, also for the year as a whole, the expectation of a
considerable increase in EBITDA compared to the previous year's figure
adjusted for restructuring expenses is confirmed.
The complete interim report as of June 30, 2016 containing the final
figures will be published on August 4, 2016.
---------------------------------------------------------------------------
Information and Explanation of the Issuer to this News:
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(R)-Index of
Deutsche Börse.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
Contact person Klöckner & Co SE:
Christian Pokropp - Press Spokesperson
Head of Investor Relations & Corporate Communications
Phone: +49 203 3072050
Fax: +49 203 3075025
Email: [email protected]
11.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Klöckner & Co. SE
Am Silberpalais 1
47057 Duisburg
Germany
Phone: +49 (0)203 / 307-0
Fax: +49 (0)203 / 307-5000
E-mail: [email protected]
Internet: www.kloeckner.com
ISIN: DE000KC01000
WKN: KC0100
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Klöckner & Co. SE ISIN: DE000KC01000 können Sie bei EQS abrufen
Stahl/Kupfer , KC0100 , KCO , XETR:KCO