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Kloeckner & Co SE
Earnings Release • Apr 25, 2019
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Earnings Release
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News Details
Ad-hoc | 25 April 2019 18:53
Klöckner & Co SE: Guidance for the second quarter and full year – operating income (EBITDA) burdened by negative market effects
Klöckner & Co SE / Key word(s): Change in Forecast
Klöckner & Co SE: Guidance for the second quarter and full year – operating income (EBITDA) burdened by negative market effects
25-Apr-2019 / 18:53 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.
Against the background of unexpected high negative price effects and declining demand development – especially in the automotive business – Klöckner & Co SE is expecting an operating income (EBITDA) of between EUR50 and EUR60 million for the second quarter and – contrary to previous guidance – an EBITDA of between EUR180 and EUR200 million before material special effects for the full year.
With regard to the EBITDA including material special effects these negative impacts will be mainly compensated by the sale of one site in the United Kingdom with an expected gain of more than EUR30 million.
The results for the first quarter 2019 will be published – as planned – on April 30, 2019.
Information and Explanation of the Issuer to this News:
For the definition of ‘EBITDA’ and ‘material special effects’ reference is made to our homepage and/or the annual report 2018.
25-Apr-2019 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: | [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: | 803683 |
| End of Announcement | DGAP News Service |