Brief: Klöckner & Co SE Adjusts Full-Year 2023 Guidance

Kloeckner & Co SE

30/10/2023 17:49

Oct 30 (Reuters) - Kloeckner & Co SE  KCOGn.DE :
    * EQS-ADHOC: KLÖCKNER & CO SE: ADJUSTMENT OF FULL-YEAR 2023
GUIDANCE
    * KLOECKNER & CO SE - EBITDA BEFORE MATERIAL SPECIAL EFFECTS
OF
EUR 170-200 MILLION IS NOW ANTICIPATED FOR FULL YEAR 2023
    * KLOECKNER-CO INITIATED PLANNED REDUCTION IN NUMBER OF
EMPLOYEES
IN EUROPEAN DISTRIBUTION BUSINESS BY 10% WITH IMPLEMENTATION
STARTING IN Q4
    * KLOECKNER & CO SE- STRONG AND SIGNIFICANTLY POSITIVE CASH
FLOW
FROM OPERATING ACTIVITIES IS STILL EXPECTED FOR FULL YEAR 2023
    * KLOECKNER & CO SE - ACHIEVED EBITDA BEFORE MATERIAL
SPECIAL
EFFECTS OF EUR 41 MILLION IN Q3 2023, VERSUS EUR 16 MILLION IN
Q3 2022

Source text for Eikon:  ID:nEQ6w8gdva 
Further company coverage:  KCOGn.DE 

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