30.10.2019 Klöckner & Co SE  DE000KC01000

DGAP-News: Klöckner & Co with earnings down in third quarter 2019


 

DGAP-News: Klöckner & Co SE / Key word(s): Quarter Results
Klöckner & Co with earnings down in third quarter 2019

30.10.2019 / 07:00
The issuer is solely responsible for the content of this announcement.


  • Operating income (EBITDA) before material special effects EUR26 million, within the EUR25 million to EUR35 million guidance range
  • Share of Group sales generated via digital channels further increased to 30% (Q3 2018: 22%)
  • Full-year 2019 EBITDA guidance between EUR120 million and EUR130 million before material special effects
Duisburg, Germany, October 30, 2019 - As a result of low steel prices and weak demand, Klöckner & Co recorded a significant year-on-year decrease in operating income (EBITDA) before material special effects to EUR26 million in the third quarter of 2019 (Q3 2018: EUR59 million). The Company generated a net loss of EUR23 million, compared with net income of EUR22 million in the prior-year period. Earnings per share consequently amounted to -EUR0.23 (Q3 2018: EUR0.22).

The sales share generated via digital channels further increased to 30% (Q3 2018: 22%). In addition, another major partner has been recruited in the shape of edding AG, the internationally leading specialists in color application and visual communication. The company has already begun selling products on the Klöckner marketplace.

Digital subsidiary kloeckner.i has launched an artificial intelligence project for Klöckner & Co customers to become digital customers without altering their procurement processes. They can send quotation requests or orders to Klöckner by email with PDF attachments, by fax or phone as before and receive an offer or order confirmation in real time. The fully automated processing will not only significantly reduce manual effort, it will also considerably accelerate the entire ordering process from quotation request to offer preparation and order placement.

The product range on the independent industry platform XOM Materials has also been further expanded to over 10,400 different products. No fewer than 30 of the 43 distributors that have been signed in Europe and North America are already linked up with the platform.

Klöckner & Co anticipates that prices and quantities will decrease in the fourth quarter, both in Europe and in the USA. Taking these trends into account, the Company expects EBITDA for the full year 2019 of between EUR120 million and EUR130 million before material one-off effects (2018: EUR229 million).

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 8,400 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 contact:

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

Investors
Felix Schmitz
Head of Investor Relations,
Internal Communications & Sustainability
Phone:            +49 203 307-2295
E-mail:            [email protected]

 


30.10.2019 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
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
EQS News ID: 899561

 
End of News DGAP News Service

899561  30.10.2019 

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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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Klöckner & Co
WKN Kurs in € Einschätzung Börsenwert in Mio. €
KC0100 12,810 Halten 1.277,80
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
19,12 23,58 0,81 -24,26
KBV KCV KUV EV/EBITDA
1,23 7,94 0,25 36,42
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
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
11,10% 38,22% 60,03% 138,99%
    
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Stahl/Kupfer , KC0100 , KCO , XETR:KCO