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Klöckner & Co SE / Key word(s): Quarter Results/Preliminary Results
The renewed supply shortage has led to a significant increase in steel prices in Klöckner & Co's core markets, Europe and the USA. Against this backdrop, supported by a determined margin-over-volume strategy and disciplined net working capital management, the company achieved a considerably stronger operating income (EBITDA) before material special effects in the first quarter of 2022 than originally expected. According to preliminary figures, EBITDA before material special effects in the first quarter of 2022 amounts to € 201 million, against the previous expectation of € 130-180 million.
Information and Explanation of the Issuer to this News:
07-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Klöckner & Co SE
Am Silberpalais 1
+49 (0)203 / 307-0
+49 (0)203 / 307-5000
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
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