25.04.2018
Klöckner & Co SE DE000KC01000
DGAP-News: Klöckner & Co SE delivers successful start to fiscal year 2018
DGAP-News: Klöckner & Co SE / Key word(s): Quarter Results
Klöckner & Co SE delivers successful start to fiscal year 2018
25.04.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
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- Operating income (EBITDA) of EUR56 million, slightly above projected range
of between EUR45 million and EUR55 million
- Sales via digital channels further raised to 19% at end of quarter
- Significantly higher EBITDA expected for second quarter and forecast
raised for full year
Duisburg, Germany, April 25, 2018 - Klöckner & Co reports mainly
price-driven sales growth of 1.6% to EUR1.6 billion in the first quarter of
2018. Operating income (EBITDA), at EUR56 million, was slightly above the
guidance range of EUR45 million to EUR55 million but below the EUR77 million
recorded in the first quarter of 2017. The decrease relative to the
prior-year quarter is mainly due to less pronounced price effects and a
weaker US dollar. At EUR21 million, net income was once again well into
positive figures, compared with EUR36 million in the prior-year quarter.
Earnings per share consequently came to EUR0.21 (Q1 2017: EUR0.36).
Klöckner & Co has continued to make good progress in its digital
transformation, which is a key element of the Klöckner & Co 2022 strategy.
In this connection, the Company further increased the proportion of sales
generated through digital channels to 19% at the end of the quarter. The
open industrial platform XOM Metals also went live. Initial transactions
have already been successfully completed on the platform.
Gisbert Rühl, CEO of Klöckner & Co SE: "In going live with XOM Metals, we
have taken the next major step in our wide-ranging digitalization strategy,
once again placing customer benefit center stage."
In a positive overall market environment, Klöckner & Co expects
significantly higher EBITDA of EUR65 million to EUR75 million for the second
quarter. Due to the increase in steel demand and internal optimization
measures, operating income for the full year is now expected to be slightly
above its prior-year level. Should the current trend toward higher steel
prices persist throughout the year, this would result in a further increase
in earnings.
About Klöckner & Co:
Klöckner & Co is one of the largest producer-independent distributors of
steel and metal products and one of the leading steel service center
companies worldwide. Based on its distribution and service network of around
170 locations in 13 countries, the Group supplies around 120,000 customers.
As a pioneer of the digital transformation in the steel industry, Klöckner &
Co's target is to fully digitalize its supply and service chain and to
support the launch of an independent open industry platform, which shall
become the dominant vertical platform of the steel and metals industry.
Currently Klöckner & Co has around 8,600 employees. The Group had sales of
around EUR6.3 billion in fiscal 2017.
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:
Press
Christian Pokropp - Press Spokesperson
Head of Corporate Communications
Phone: +49 (0)203 307 2050
Email: [email protected]
Investors
Christina Kolbeck
Head of Investor Relations & Sustainability
Phone: +49 (0)203 307 2122
Email: [email protected]
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25.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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, Tradegate Exchange
End of News DGAP News Service
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