Quarterly Report • Nov 7, 2025
Quarterly Report
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January 1, 2025 to September 30, 2025
Shipments totaled 3.5 million tons in the first nine months of 2025, slightly above the prior-year period (+1.5%). In the third quarter of 2025, shipments came to 1.1 million tons, likewise marking a slight 1.9% increase on the prior-year quarter. The increases in shipments in both reporting periods are mainly due to the continued positive trend in the Kloeckner Metals Americas segment, while shipments in the Kloeckner Metals Europe segment were down due to the persistently challenging economic environment. Despite the higher shipments, sales fell slightly in the first nine months of this year due to the lower average price level from €5.1 billion to €4.9 billion (-4.5%). Sales in the third quarter of 2025 amounted to €1.6 billion, a slight 2.2% decrease from the sales of €1.6 billion in the third quarter of 2024, likewise due to a lower average price level than in the prior-year quarter.
Klöckner & Co generated EBITDA of €150 million before material special effects in the first nine months of 2025, marking a considerable improvement on the prior-year period (9M 2024: €104 million). After deducting material special effects of €33 million, EBITDA in the first nine months amounted to €117 million (prior-year period: €93 million – negative material special effects of €12 million). The above-mentioned special effects mainly related to the sale of the Brazilian subsidiary Kloeckner Metals Brasil Ltda, São Paulo, Brazil, in the Kloeckner Metals Americas segment (€20 million, €19 million of which consisted of exchange rate losses on deconsolidation) and to restructuring measures at the holding companies (€12 million) and in the Kloeckner Metals Europe segment (€1 million). EBITDA before material special effects in the third quarter of 2025 amounted to €43 million, compared to €21 million in the prior-year quarter. Including the above material special effects, the net loss from continuing operations amounted to €38 million in the first nine months of 2025, compared to €-55 million in the comparative period. Basic earnings per share therefore came to a negative €0.40, compared to a negative €0.55 in the prioryear comparative period. Including discontinued operations, the net loss for the first nine months came to €38 million in 2025, compared to a net loss of €84 million in 2024.
The Kloeckner Metals Americas segment generated EBITDA of €158 million before material special effects in the first nine months of 2025, compared to €112 million in the prior-year period. This segment once again continued its positive trend in the reporting period, even though the overall market environment has been negatively impacted by increased economic uncertainty over the course of the year. Despite the above-mentioned market environment, the Kloeckner Metals Americas segment slightly increased shipments by 3.8% to 2.3 million tons, compared to 2.2 million tons in the prior-year period. Due to the lower average price level, sales fell considerably from €3.1 billion in the prior-year period to €2.9 billion in the reporting period.
EBITDA adjusted for material special effects in the Kloeckner Metals Europe segment was improved from a negative €10 million in the prior-year period to a negative €6 million in the first nine months of this year. In the third quarter of 2025, EBITDA before material special effects, at €0.2 million, was in positive figures for the first time since 2023. Due to the ongoing constrained general economic environment in Europe, shipments fell slightly in the first nine months of 2025 (-2.5%) and amounted to 1.2 million tons. Mainly driven by the aforementioned development of shipments, sales decreased slightly (-3.2%) from €2.1 billion in the prior-year period to €2.0 billion in the reporting period.
Cash flow from operating activities in the third quarter of 2025 was a negative €118 million, compared to a negative €62 million in the prior-year quarter. The cash outflow from investing activities amounted to €23 million in the third quarter of 2025 (prior-year quarter: cash outflow of €31 million). This resulted in a free cash flow of €-141 million in the third quarter of 2025 and €-237 million in the first nine months of 2025, compared to €-94 million in the third quarter of the prior year and €-120 million in the first nine months of 2024. The cash outflow in the reporting period was mainly driven by temporarily higher net working capital in the Kloeckner Metals Americas segment. Accordingly, net financial debt, at €1,003 million, was above the level at the end of fiscal year 2024 (€780 million) and above the level at the end of the prior-year quarter (€872 million).
Assets of €146 million and liabilities of €59 million in connection with the sale of our eight US distribution sites comprise a disposal group in accordance with IFRS 5 and are presented separately in the statement of financial position under "assets held for sale" and "liabilities directly associated with assets classified as held for sale."
Equity fell from €1,721 million at the end of 2024 to €1,528 million at the end of the third quarter of 2025. The change is mainly due to the recognition of actuarial losses net of deferred taxes (€-56 million), the negative impact of the translation of foreign subsidiaries' financial statements due to the weaker US dollar compared to the end of 2024 (€-95 million) and the negative net income (€-38 million). As a result, the equity ratio at the end of the reporting period, at 44.1%, was considerably lower than at the end of the prior year (December 31, 2024: 48.6%).
The Klöckner & Co Group continues to possess a diversified financing portfolio with a total volume of €1.3 billion (excluding leases). In July 2025, we renewed the European ABS program ahead of schedule and rolled it over until 2028 on improved terms. The size of the program was adjusted from €300 million to €100 million, reflecting the sale of parts of the European distribution business completed in 2024. The transaction made it possible to further improve the Group's maturity profile. The core Group financing instruments had a volume-weighted remaining term of 2.3 years as of September 30, 2025.
In the reporting period, Klöckner & Co systematically continued the implementation of the corporate strategy, "Klöckner & Co: Leveraging Strengths – Step up 2030." As part of this strategy, the company will in particular further strengthen its focus on higher value-added and service center business. In this connection, we concluded agreements for the sale of eight distribution sites of our US subsidiary, Kloeckner Metals Corporation. We agreed to sell seven sites to Russel Metals (USA) Inc. for a purchase price of approximately USD 119 million based on the net working capital as of June 30, 2025. This results in a book gain of over €20 million. The final purchase price remains subject to closing net working capital and other normal adjustments. In addition, a further agreement was made to sell one US distribution site of Kloeckner Metals Corporation to Service Steel Warehouse. With the sale of the above-mentioned locations, we will reduce our debt and further decrease our exposure to volatile commodity markets. Excluding the eight distribution sites, the share of sales generated by higher value-added and service center business was 87% in the first nine months of 2025 and hence six percentage points higher than with those sites included. In fiscal year 2021, higher value-added and service center business accounted for only 63% of sales. The strengthened focus will further improve our earnings profile and enable sustainable growth in the strong North American and European economic regions.
Furthermore, Klöckner & Co has further expanded its capabilities as a technology partner in the defense and infrastructure sector in Germany. At the beginning of the year, our German subsidiary acquired and successfully integrated Ambo-Stahl, a provider of high-quality processing services for the defense and infrastructure sector. Building on this, we have expanded our service portfolio and obtained official certification in Kassel for processing armor materials in accordance with German Federal Armed Forces technical specifications (TL approval). The expansion of our capabilities to a further location is the next step in ensuring that our company can profit more from increased defense expenditure across Europe.
For fiscal year 2025, we continue to expect EBITDA of €170 million to €240 million before material special effects. Furthermore, we continue to expect a significantly positive cash flow from operating activities for the fiscal year 2025.
| Shipments and income statement | Q3 2025 | Q3 2024 | Variance | Jan. 1 – Sept. 30, 2025 |
Jan. 1 – Sept. 30, 2024 |
Variance | |
|---|---|---|---|---|---|---|---|
| Shipments | Tto | 1,144 | 1,122 | 22 | 3,478 | 3,426 | 53 |
| Sales | € million | 1,609 | 1,646 | -37 | 4,919 | 5,148 | -229 |
| Gross profit | € million | 295 | 262 | 34 | 932 | 852 | 80 |
| Gross profit margin | % | 18.3 | 15.9 | 2.4%p | 18.9 | 16.6 | 2.4%p |
| Earnings before, interest, taxes, depreciation and amortization (EBITDA) |
€ million | 36 | 13 | 23 | 117 | 93 | 24 |
| EBITDA before material special effects | € million | 43 | 21 | 22 | 150 | 104 | 46 |
| EBITDA margin | % | 2.2 | 0.8 | 1.4%p | 2.4 | 1.8 | 0.7%p |
| EBITDA margin before material special effects |
% | 2.7 | 1.3 | 1.4%p | 3.1 | 2.0 | 1.0%p |
| Earnings before interest and taxes (EBIT) |
€ million | 6 | -17 | 23 | 27 | -1 | 28 |
| Earnings before taxes (EBT) | € million | -5 | -33 | 28 | -9 | -49 | 41 |
| Net income from continuing operations |
€ million | -13 | -29 | 17 | -38 | -55 | 17 |
| Net income from discontinued operations |
€ million | - | - | - | - | -29 | 29 |
| Net income | € million | -13 | -29 | 17 | -38 | -84 | 46 |
| Net income attributable to shareholders of Klöckner & Co SE |
€ million | -13 | -29 | 16 | -40 | -85 | 45 |
| Earnings per share (basic/diluted) – continuing operations |
€ | -0.13 | -0.29 | 0.17 | -0.39 | -0.55 | 0.17 |
| Earnings per share (basic/diluted) – Group |
€ | -0.13 | -0.29 | 0.17 | -0.40 | -0.85 | 0.45 |
| Cash flow statement | Q3 2025 | Q3 2024 | Variance | Jan. 1 – Sept. 30, 2025 |
Jan. 1 – Sept. 30, 2024 |
Variance | |
|---|---|---|---|---|---|---|---|
| Cash flow from operating activities | € million | -118 | -62 | -56 | -161 | -45 | -116 |
| Cash flow from investing activities | € million | -23 | -31 | 9 | -76 | -76 | -1 |
| Free cash flow*) | € million | -141 | -94 | -47 | -237 | -120 | -117 |
| Variance Sept. 30, 2025 |
Variance Sept. 30, 2025 |
|||||
|---|---|---|---|---|---|---|
| Balance sheet | Sept. 30, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | vs. Dec. 31, 2024 |
vs. Sept. 30, 2024 |
|
| Net working capital**) | € million | 1,429 | 1,369 | 1,528 | 61 | -98 |
| Net financial debt | € million | 1,003 | 780 | 872 | 223 | 131 |
| Gearing***) | % | 66 | 46 | 49 | 21%p | 17%p |
| Equity | € million | 1,528 | 1,721 | 1,711 | -193 | -183 |
| Equity ratio | % | 44.1 | 48.6 | 47.9 | -4.5%p | -3.8%p |
| Total assets | € million | 3,462 | 3,538 | 3,569 | -75 | -106 |
| Variance Sept. 30, 2025 |
Variance Sept. 30, 2025 |
|||||
| Employees | Sept. 30, 2025 | Dec. 31, 2024 | Sept. 30, 2024 | vs. Dec. 31, 2024 |
vs. Sept. 30, 2024 |
|
| Employees as of the end of the reporting period | 6,584 | 6,507 | 6,509 | 77 | 75 |
*) Free cash flow = Cash flow from operating activities + cash flow from investing activities.
*) Net working capital = Inventories + trade receivables + contract assets + bonus claims to suppliers − trade payables − contract liabilities − advance payments received. Does not include €68 million in net working capital from the eight US distribution sites that has been reclassified in accordance with IFRS 5 as a disposal group to "assets held for sale" and "liabilities directly associated with assets classified as held for sale".
***) Gearing = Net financial debt / (Equity – non-controlling interests – goodwill resulting from acquisitions subsequent to May 23, 2024). Gearing as defined prior to the syndicated loan extension signed in December 2024 (consolidated equity – non-controlling interests – goodwill from business combinations subsequent to May 23, 2019) was 47% as of December 31, 2024. The gearing as of September 30, 2024 is stated in accordance with the definition prior to the loan extension.
| (€ thousand) | Q3 2025 | Q3 2024 | Jan. 1 – Sept. 30, 2025 |
Jan. 1 – Sept. 30, 2024 |
|---|---|---|---|---|
| Sales | 1,609,439 | 1,646,122 | 4,918,529 | 5,147,757 |
| Changes in inventory | 353 | -17,361 | 3,181 | -23,778 |
| Other operating income | 5,984 | 12,906 | 20,611 | 27,331 |
| Cost of materials | -1,314,489 | -1,367,235 | -3,990,084 | -4,271,994 |
| Personnel expenses | -144,049 | -132,597 | -440,985 | -406,645 |
| Depreciation and amortization | -29,697 | -30,722 | -90,042 | -93,898 |
| Other operating expenses | -121,054 | -128,356 | -394,192 | -379,892 |
| Operating result | 6,487 | -17,243 | 27,019 | -1,119 |
| Income from investments | -54 | -229 | -1,079 | -1,112 |
| Finance income | 2,204 | 514 | 4,452 | 1,609 |
| Finance expenses | -13,867 | -16,319 | -39,353 | -48,841 |
| Financial result | -11,663 | -15,805 | -34,901 | -47,232 |
| Earnings before taxes | -5,230 | -33,277 | -8,961 | -49,463 |
| Income taxes | -7,341 | 4,172 | -29,532 | -5,619 |
| Net income from continuing operations | ||||
| (net of tax) | -12,571 | -29,105 | -38,493 | -55,082 |
| Net income from discontinued operations (net of tax) | - | - | - | -29,103 |
| Net income | -12,571 | -29,105 | -38,493 | -84,186 |
| thereof attributable to | ||||
| – Shareholders of Klöckner & Co SE | -13,092 | -29,153 | -39,655 | -84,868 |
| – non-controlling interests | 521 | 48 | 1,162 | 681 |
| Earnings per share from continuing operations (€/share) | ||||
| – basic/diluted | -0.13 | -0.29 | -0.40 | -0.55 |
| Earnings per share attributable to the ordinary equity holders of Klöckner & Co SE (€/share) |
||||
| – basic/diluted | -0.13 | -0.29 | -0.40 | -0.85 |
| (€ thousand) | Q3 2025 | Q3 2024 | Jan. 1 – Sept. 30, 2025 |
Jan. 1 – Sept. 30, 2024 |
|---|---|---|---|---|
| Net income | -12,571 | -29,105 | -38,493 | -84,186 |
| Other comprehensive income not reclassifiable | ||||
| Actuarial gains and losses (IAS 19) | 32,949 | 51,749 | -67,685 | 80,637 |
| Total | 32,949 | 51,749 | -67,685 | 80,637 |
| Other comprehensive income reclassifiable | ||||
| Foreign currency translation | -1,479 | -24,765 | -95,440 | -20,426 |
| Gains/losses from cash flow hedges | 305 | -124 | -1,986 | -124 |
| Financial assets measured at fair value through other comprehensive income |
-67 | 179 | -25 | 179 |
| Reclassification to profit and loss due to sale of foreign subsidiaries |
- | - | 19,568 | 12,571 |
| Total | -1,241 | -24,710 | -77,883 | -7,800 |
| Deferred taxes recognized in other comprehensive income | -5,066 | -8,048 | 11,780 | -11,436 |
| Other comprehensive income | 26,642 | 18,990 | -133,788 | 61,400 |
| Group total comprehensive income | 14,071 | -10,114 | -172,281 | -22,786 |
| thereof attributable to | ||||
| – Shareholders of Klöckner & Co SE | 13,727 | -10,136 | -173,266 | -23,458 |
| – non-controlling interests | 344 | 22 | 985 | 672 |
| Total comprehensive income attributable to the shareholders of Klöckner & Co SE relates to: |
||||
| – continuing operations | 13,727 | -10,136 | -173,266 | -7,095 |
| – discontinued operations | - | - | - | -16,363 |
as of September 30, 2025
| (€ thousand) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Non-current assets | ||
| Intangible assets | 180,464 | 206,584 |
| Property, plant and equipment | 770,390 | 812,443 |
| Other financial assets | 28,934 | 34,553 |
| Other non-financial assets | 145,410 | 211,175 |
| Deferred tax assets | 12,637 | 17,120 |
| Total non-current assets | 1,137,836 | 1,281,875 |
| Current assets | ||
| Inventories | 1,176,235 | 1,290,669 |
| Trade receivables | 725,797 | 610,697 |
| Contract assets | 61,141 | 55,585 |
| Supplier bonus receivables | 41,363 | 55,414 |
| Current income tax receivables | 28,964 | 41,543 |
| Other financial assets | 10,982 | 15,729 |
| Other non-financial assets | 63,703 | 51,193 |
| Cash and cash equivalents | 56,402 | 120,793 |
| Assets held for sale | 159,984 | 14,383 |
| Total current assets | 2,324,572 | 2,256,006 |
| Total assets | 3,462,409 | 3,537,881 |
| (€ thousand) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Equity | ||
| Subscribed capital | 249,375 | 249,375 |
| Capital reserves | 569,662 | 570,007 |
| Retained earnings | 474,578 | 534,183 |
| Accumulated other comprehensive income | 226,567 | 360,179 |
| Equity attributable to shareholders of Klöckner & Co SE | 1,520,182 | 1,713,743 |
| Non-controlling interests | 7,956 | 6,972 |
| Total equity | 1,528,139 | 1,720,714 |
| Non-current liabilities | ||
| Provisions for pensions and similar obligations | 17,975 | 19,073 |
| Other provisions and accrued liabilities | 8,438 | 8,962 |
| Non-current financial liabilities | 932,340 | 712,706 |
| Other financial liabilities | 1,405 | 1,359 |
| Deferred tax liabilities | 86,197 | 91,727 |
| Total non-current liabilities | 1,046,355 | 833,826 |
| Current liabilities | ||
| Other provisions and accrued liabilities | 88,303 | 87,066 |
| Income tax liabilities | 9,615 | 23,382 |
| Current financial liabilities | 122,977 | 183,314 |
| Trade payables | 566,795 | 638,547 |
| Other financial liabilities | 16,931 | 24,822 |
| Non-financial contract liabilities | 6,737 | 3,191 |
| Advance payments received | 1,571 | 1,924 |
| Other non-financial liabilities | 16,309 | 21,095 |
| Liabilities directly associated with assets classified as held for sale | 58,677 | - |
| Total current liabilities | 887,915 | 983,341 |
| Total liabilities | 1,934,270 | 1,817,167 |
| Total equity and liabilities | 3,462,409 | 3,537,881 |
| (€ thousand) | Q3 2025 | Q3 2024 | Jan. 1 – Sept. 30, 2025 |
Jan. 1 – Sept. 30, 2024 |
|---|---|---|---|---|
| Net income | -12,571 | -29,105 | -38,493 | -84,186 |
| Net income from discontinued operations | - | - | - | 29,103 |
| Income taxes | 7,341 | -4,172 | 29,532 | 5,619 |
| Financial result | 11,663 | 15,805 | 34,901 | 47,232 |
| Income from investments | 54 | 229 | 1,079 | 1,112 |
| Depreciation, amortization, reversal of impairment losses and impairment losses of non-current assets |
29,697 | 30,722 | 90,042 | 93,898 |
| Other non-cash income/expenses | 82 | -723 | -1,891 | -833 |
| Gain on disposal of non-current assets | -610 | 2,469 | 18,798 | 361 |
| Change in net working capital | ||||
| Inventories | -4,630 | 99,645 | -48,470 | 112,881 |
| Trade receivables, contract assets, supplier bonus receivables | -26,785 | 37,649 | -207,527 | -108,303 |
| Trade payables including contract liabilities and advance payments received |
-112,339 | -188,198 | 31,061 | -60,057 |
| Change in other operating assets and liabilities | 7,021 | -12,929 | -24,383 | -13,955 |
| Interest paid | -11,907 | -13,448 | -32,248 | -40,093 |
| Interest received | 117 | 240 | 523 | 752 |
| Income taxes paid | -6,168 | -3,175 | -22,028 | -31,914 |
| Income taxes received | 977 | 2,630 | 8,456 | 3,836 |
| Cash flow from operating activities – continuing operations | -118,059 | -62,359 | -160,648 | -44,547 |
| Cash flow from operating activities – discontinued operations | - | - | - | -45,504 |
| Cash flow from operating activities | -118,059 | -62,359 | -160,648 | -90,053 |
| (€ thousand) | Q3 2025 | Q3 2024 | Jan. 1 – Sept. 30, 2025 |
Jan. 1 – Sept. 30, 2024 |
|---|---|---|---|---|
| Proceeds from the sale of non–current assets | 1,241 | 199 | 1,897 | 2,271 |
| Payments for/proceeds from the sale of consolidated companies | - | - | -774 | 50 |
| Proceeds from the sale of financial assets | - | - | 4,963 | 397 |
| Dividends received | - | - | 912 | 91 |
| Payments for intangible assets, property, plant and equipment | -23,406 | -22,079 | -77,084 | -67,960 |
| Purchase price repayment from investment in consolidated subsidiaries | - | - | - | 219 |
| Payments for investments in consolidated subsidiaries | -210 | -8,900 | -5,304 | -9,322 |
| Payments for financial assets | -326 | -559 | -1,049 | -1,335 |
| Cash flow from investing activities – continuing operations | -22,702 | -31,339 | -76,439 | -75,588 |
| Cash flow from investing activities – discontinued operations | - | - | - | 124,107 |
| Cash flow from investing activities | -22,702 | -31,339 | -76,439 | 48,519 |
| Dividend payments to shareholders of Klöckner & Co SE | - | - | -19,950 | -19,950 |
| Payments for personal investment of Management Board members | - | - | -1,386 | -1,799 |
| Borrowings of financial liabilities | 121,704 | 100,393 | 489,778 | 244,386 |
| Repayment of financial liabilities | -42,896 | -54,399 | -261,302 | -234,271 |
| Repayment of lease liabilities | -8,853 | -8,375 | -26,990 | -24,433 |
| Proceeds from/payments for derivatives in financing activities | -50 | 1,254 | 48 | 57 |
| Cash flow from financing activities – continuing operations | 69,906 | 38,874 | 180,198 | -36,010 |
| Cash flow from financing activities – discontinued operations | - | - | - | -2,753 |
| Cash flow from financing activities | 69,906 | 38,874 | 180,198 | -38,763 |
| Changes in cash and cash equivalents | -70,855 | -54,826 | -56,890 | -80,297 |
| Effect of foreign exchange rates on cash and cash equivalents | 3,679 | -3,714 | -7,501 | -573 |
| Cash and cash equivalents at the beginning of the period | 123,578 | 132,572 | 120,793 | 154,903 |
| Cash and cash equivalents at the end of the period | 56,402 | 74,033 | 56,402 | 74,033 |
| Kloeckner Metals Americas |
Kloeckner Metals Europe |
Holding and Other Group Companies*) |
Total | |||||
|---|---|---|---|---|---|---|---|---|
| (€ million) | 9M 2025 | 9M 2024 | 9M 2025 | 9M 2024 | 9M 2025 | 9M 2024 | 9M 2025 | 9M 2024 |
| Shipments (Tto) | 2,263 | 2,180 | 1,215 | 1,246 | - | - | 3,478 | 3,426 |
| External sales | 2,891 | 3,053 | 2,027 | 2,095 | - | - | 4,919 | 5,148 |
| Gross profit | 570 | 508 | 362 | 344 | - | - | 932 | 852 |
| Gross profit margin (%) | 19.7 | 16.6 | 17.8 | 16.4 | - | - | 18.9 | 16.6 |
| Segment result (EBITDA)**) | 138 | 110 | -7 | -15 | -14 | -3 | 117 | 93 |
| EBITDA before material special effects | 158 | 112 | -6 | -10 | -2 | 2 | 150 | 104 |
| Earnings before interest and taxes (EBIT) |
93 | 61 | -50 | -57 | -16 | -5 | 27 | -1 |
| Cash flow from operating activities – continuing operations |
-106 | -60 | -51 | 12 | -3 | 4 | -161 | -45 |
| Cash flow from operating activities – discontinued operations |
- | - | - | -46 | - | - | - | -46 |
| Kloeckner Metals Americas |
Kloeckner Metals Europe |
Holding and Other Group Companies*) |
Total | |||||
|---|---|---|---|---|---|---|---|---|
| (€ million) | 9M 2025 | FY 2024 | 9M 2025 | FY 2024 | 9M 2025 | FY 2024 | 9M 2025 | FY 2024 |
| Net working capital as of closing date***) |
784 | 742 | 647 | 622 | -1 | 4 | 1,429 | 1,369 |
| Employees as of closing date | 3,097 | 3,109 | 3,274 | 3,174 | 213 | 224 | 6,584 | 6,507 |
*) Including consolidations.
**) EBITDA = Earnings before interest, taxes, income from investments, depreciation and amortization and reversals of impairments on intangible assets and property, plant and equipment.
***) Net working capital = Inventories + trade receivables + contract assets + supplier bonus receivables − trade payables − contract liabilities − advance payments received. Does not include €68 million in net working capital from the eight US distribution sites that has been reclassified in accordance with IFRS 5 as a disposal group to "assets held for sale" and "liabilities directly associated with assets classified as held for sale".
March 11, 2026 Annual Financial Statements 2025
Conference call with journalists Conference call with analysts
May 6, 2026 Q1 quarterly statement 2026
Conference call with journalists Conference call with analysts
May 20, 2026 Annual General Meeting 2026
August 5, 2026 Half-yearly financial report 2026
Conference call with journalists Conference call with analysts
November 4, 2026 Q3 quarterly statement 2026
Conference call with journalists Conference call with analysts
Subject to subsequent changes.
Fabian Joseph Christian Pokropp
Head of Investor Relations Head of Corporate Communications |
Head of Group HR
Telephone: +49 211 88245-488 Telephone: +49 211 88245-360 Email: [email protected] Email: [email protected]
This Interim Management Statement contains forward-looking statements that are based on the current estimates of the Klöckner & Co SE management with respect to future events. They are generally identified by the words "expect", "anticipate", "assume", "intend", "estimate", "target", "aim", "plan", "will", "endeavor", "outlook" and comparable expressions, and generally contain information that relates to expectations or targets for economic conditions, sales or other performance measures. Forward-looking statements are based on currently valid plans, estimates and projections and are therefore only valid on the day on which they are made. You should consider them with caution. Such statements are subject to numerous risks and uncertainties (e.g. those described in publications), most of which are difficult to predict and are generally beyond the control of Klöckner & Co SE. The relevant factors include the effects of significant strategic and operational initiatives, including the acquisition or disposal of companies or other assets. If these or other risks or uncertainties materialize or if the assumptions underlying any of the statements turn out to be incorrect, the actual results of Klöckner & Co SE may be materially different from those stated or implied by such statements. Klöckner & Co SE can offer no assurance that its expectations or targets will be achieved. Without prejudice to existing legal obligations, Klöckner & Co SE does not assume any obligation to update forward-looking statements to take information or future events into account or otherwise. In addition to the figures prepared in line with IFRS or HGB (Handelsgesetzbuch – German Commercial Code), Klöckner & Co SE presents non-GAAP financial performance measures, e.g. EBITDA, EBIT, net working capital and net financial debt. These non-GAAP measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with IFRS or HGB. Non-GAAP key figures are not subject to IFRS or HGB, or to other generally applicable accounting regulations. In assessing the net assets, financial position and results of operations of Klöckner & Co SE, these supplementary figures should not be used in isolation or as an alternative to the key figures presented in the consolidated financial statements and interim management statement and calculated in accordance with the relevant accounting principles. Other companies may define these terms in different ways. Please refer to the definitions in this Interim Management Statement and the last annual report. Also: For other terms not defined in this Interim Management Statement or the annual report, please see the glossary on our website at https://www.kloeckner.com/en/glossary/.
There may be rounding differences with respect to the percentages and figures in this report.
Variances may arise for technical reasons (e.g., conversion of electronic formats) between the accounting documents contained in this report and the format published in the company register. In this case, the version submitted to the company register shall be binding.
This English version of the Interim Management Statement is a courtesy translation of the original German version; in the event of variances, the German version shall prevail over the English translation.
Evaluating statements are unified and are presented as follows:
+/– 0-1% +/– >1-5% +/– >5% constant slight considerable
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