Corporate | 24 October 2018 07:00

Klöckner & Co SE reports very substantial earnings growth in Q3 2018

DGAP-News: Klöckner & Co SE / Key word(s): Quarter Results

24.10.2018 / 07:00
The issuer is solely responsible for the content of this announcement.

– Operating income (EBITDA) of EUR59 million within projected range of EUR55 million to EUR65 million

– Proportion of Group sales generated via digital channels further raised to 23% at end of quarter

– Guidance confirmed, with at least slight increase in operating income for full year and correspondingly positive net income

Duisburg, Germany, October 24, 2018 – Klöckner & Co SE maintained its positive earnings trend through the third quarter of 2018. Mainly benefiting from the
positive market trend in the USA, operating income (EBITDA) improved very substantially to EUR59 million (Q3 2017: EUR47 million), within the projected range of EUR55 million to EUR65 million. Net income went up from EUR13 million to EUR22 million. Earnings per share consequently amounted to EUR0.22 (Q3 2017: EUR0.12).

The proportion of sales generated through digital channels further increased to 23% as of the end of the quarter (Q3 2017: 16%). Additional vendors have been secured both for the Klöckner online shops with marketplace functionality and for the independent industry platform, XOM Materials. As a result, some 20 third-party vendors are now marketing their products via platforms launched by Klöckner & Co.

Gisbert Rühl, CEO of Klöckner & Co SE: “With the development and operation of web-based platforms, we are building a business that has the potential to revolutionize steel distribution and associated activities.”

The guidance for the full year has been confirmed, with at least a slight increase in operating income (EBITDA) compared with the prior year and correspondingly positive net income.

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: christian.pokropp@kloeckner.com

Investors
Christina Kolbeck
Head of Investor Relations & Sustainability
Phone: +49 (0)203 307 2122
Email: christina.kolbeck@kloeckner.com

24.10.2018 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.

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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:	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

End of News DGAP News Service