Kloeckner Starts Strong Despite Challenging Macroeconomic Climate

• Klöckner & Co reported a solid start to 2024 with shipments slightly up by 5% in Q1 2024 compared to Q1 2023, amounting to 1.1 million metric tons
• Sales were down to €1.7 billion in Q1 2024 compared to €1.8 billion in Q1 2023 due to price movements
• Operating income (EBITDA) before material special effects was €42 million in Q1 2024, higher than Q4 2023 (€17 million) but lower than Q1 2023 (€65 million)
• The company successfully completed the sale of parts of its European distribution business in Q1 2024
• Klöckner & Co expects EBITDA before material special effects to be between €30 million and €70 million in Q2 2024
• The company's equity at the end of Q1 2024 was €1,727 million, slightly below the figure at the end of 2023 (€1,755 million), but the equity ratio improved to 47.6%.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Kloeckner is on 07.05.2024.

The price of Kloeckner at the time of the news was 6,6100EUR and did not change compared to the previous day.
16 minutes after the article was published, the price was 6,4950EUR this corresponds to a minus of -1,74 % since publication.
At this time, the index SDAX was at 14.537,07PKT (+0,62 %).

Kloeckner

+2,37 %

-0,77 %

-0,62 %

-6,72 %

-33,44 %

-43,82 %

+20,90 %

-46,34 %

-58,38 %

ISIN:DE000KC01000WKN:KC0100

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