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Klöckner & Co SE: Operating income in the second quarter of 2021 significantly stronger than expected

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Klöckner & Co SE / Key word(s): Change in Forecast/Quarter Results
Klöckner & Co SE: Operating income in the second quarter of 2021 significantly stronger than expected

08-Jun-2021 / 14:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Due to the further considerable increase in steel prices in Europe and the US, Klöckner & Co SE anticipates that the operating income (EBITDA) in the second quarter of 2021 will be significantly stronger than expected. Against this background, the Company now expects an EBITDA before material special effects of €260-290 million, contrary to the previous expectation of €130-160 million.

The figures for the second quarter of 2021 will be announced on August 10, 2021.
 

Information and Explanation of the Issuer to this News:

For the definitions of EBITDA and EBITDA before material special effects reference is made to our homepage (accessible via https://www.kloeckner.com/en/glossary.html) and/or the annual report 2020, p. 40 (accessible via https://www.kloeckner.com/en/investors/publications.html). 
 

08-Jun-2021 CET/CEST 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:

info@kloeckner.com

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:

1205607


 

End of Announcement

DGAP News Service

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