12.03.2019 Klöckner & Co SE  DE000KC01000

DGAP-News: Klöckner & Co SE delivers further growth in operating income in fiscal 2018


DGAP-News: Klöckner & Co SE / Key word(s): Annual Results
Klöckner & Co SE delivers further growth in operating income in fiscal 2018

12.03.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


- Operating income (EBITDA) at eight-year high of EUR227 million

- Continued increase in digital share of sales to 25% in fourth quarter of 2018 (Q4 2017: 17%)

- Dividend planned to remain constant with prior year, at EUR0.30 per share

Duisburg, Germany, March 12, 2019 - Klöckner & Co's sales went up 7.9% to EUR6.8 billion in fiscal year 2018, largely on account of the higher price level. Operating income (EBITDA) improved by 3.4% to EUR227 million. Aside from the positive trend in prices over much of the year, this increase was primarily a result of optimization measures. Net income was EUR69 million, compared with a prior-year figure of EUR102 million boosted by one-off tax effects. Earnings per share consequently stood at EUR0.68 (2017: EUR1.01). In light of this, the Management Board and the Supervisory Board consider it appropriate to hold the dividend constant with the prior year at EUR0.30 per share, as is to be proposed at the Annual General Meeting on May 15.

Klöckner & Co's digitalization drive has gained further momentum. The proportion of sales generated through digital channels grew at an increasing rate to most recently 25% in the fourth quarter of 2018 (Q4 2017: 17%). In addition to further driving ahead the digitalization of the Klöckner & Co Group, kloeckner.i - the digital unit in Berlin, now with some 90 employees - has from the beginning of this year started providing consulting services for selected external business clients.

XOM Materials, the independent industry platform launched by Klöckner & Co, likewise grew rapidly after going live in Europe in February 2018. Around 50 employees now work for the company at five locations. The platform is set to launch in the USA within the first half of 2019. A first financing round with external investors is expected to be completed by the end of the year.

Gisbert Rühl, CEO of Klöckner & Co SE: "In XOM Materials, we have realized our vision for the future of steel distribution. The platform - which is open to everyone in the market - will gradually unravel the traditional steel industry value chain and replace it with a digital network. It also ensures a continuous flow of information, which improves transparency for better demand planning and enhanced capacity utilization. In the future, it will additionally give customers a single point of access to a huge portfolio of steel products and other materials from a range of vendors."

For its key markets of Europe and the USA, Klöckner & Co mostly expects to see slight growth in real steel demand and corresponding growth in Group shipments for 2019. Sales, on the other hand, are anticipated to rise sharply on the back of investment made in expansion and an expected higher overall steel price level than in the preceding year.

Allowing for the new IFRS 16 (Leases), Klöckner & Co forecasts a slight increase in operating income (EBITDA) - even though a repeat of the previous year's positive price effects in the USA is not expected.

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 companies worldwide. Based on its distribution and service network of around 160 locations in 13 countries, Klöckner & Co supplies more than 100,000 customers. Currently, the Group has around 8,600 employees. Klöckner & Co had sales of some EUR6.8 billion in fiscal 2018. As a pioneer of change in the steel industry, Klöckner & Co is in the process of digitalizing its entire supply and value chain. In addition, its digital unit, kloeckner.i, is increasingly providing consulting services for external business clients. XOM Materials, an independent venture launched by the Klöckner & Co Group, is geared to develop into the leading industry platform for steel, metal and related products.

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.


Klöckner & Co SE media contact:

Christian Pokropp - Press Spokesperson
Head of Corporate Communications
Phone: +49 203 307-2050
E-mail: [email protected]

Christina Kolbeck
Head of Investor Relations & Sustainability
Phone: +49 203 307-2122
E-mail: [email protected]

12.03.2019 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.

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Language: English
Company: Klöckner & Co SE
Am Silberpalais 1
47057 Duisburg
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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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 6.443,63 5.730,06 6.291,56 6.790,49 6.314,72 5.130,11 6.080,00
EBITDA1,2 24,00 195,53 219,56 227,10 139,03 52,14 225,00
EBITDA-Marge3 0,37 3,41 3,49 3,34 2,20 1,02 3,70
EBIT1,4 -350,84 85,42 129,84 141,46 1,73 -93,64 95,00
EBIT-Marge5 -5,44 1,49 2,06 2,08 0,03 -1,83 1,56
Jahresüberschuss1 -348,84 37,96 102,25 68,65 -54,88 -114,36 54,00
Netto-Marge6 -5,41 0,66 1,63 1,01 -0,87 -2,23 0,89
Cashflow1,7 275,93 72,75 78,87 60,20 204,23 160,98 145,00
Ergebnis je Aktie8 -3,48 0,37 0,96 0,66 -0,56 -1,16 0,51
Dividende8 0,00 0,20 0,30 0,30 0,00 0,00 0,05
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

Klöckner & Co
WKN Kurs in € Einschätzung Börsenwert in Mio. €
KC0100 11,100 Halten 1.107,23
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,57 22,91 0,73 -21,02
1,07 6,88 0,22 33,15
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00 12.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.04.2021 13.08.2021 03.11.2021 10.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,53% 32,60% 38,66% 130,48%
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Stahl/Kupfer , KC0100 , KCO , XETR:KCO