Brief: Kloeckner & Co FY EBITDA Before Material Special Effects Down At EUR 417 Mln

Kloeckner & Co SE

09/03/2023 06:00

March 9 (Reuters) - Kloeckner & Co SE  KCOGn.DE :
    * FY GROUP SALES UP 26% Y/Y AT EUR 9.4 BILLION VERSUS EUR
7.4
BILLION LAST YEAR, DRIVEN BY HIGHER PRICE LEVELS
    * FY EBITDA BEFORE MATERIAL SPECIAL EFFECTS DOWN AT EUR 417
MILLION VERSUS EUR 848 MILLION LAST YEAR
    * FY OPERATING CASH FLOW AT PROFIT EUR 405 MILLION VERSUS
LOSS AT
EUR 306 MILLION LAST YEAR
    * SEES Q1 2023 EBITDA BEFORE MATERIAL SPECIAL EFFECTS IN
RANGE OF
EUR 40-90 MILLION, UP Q/Q
    * SLASHES DIVIDEND TO EUR 0.40 PER SHARE (EUR 1.0 IN 2021)
    * POSITIVE OUTLOOK FOR FISCAL YEAR 2023, EXPECTS GLOBAL
STEEL
MARKET NORMALIZATION
    * SEES CONSIDERABLE INCREASE IN SHIPMENTS VERSUS 2022
    * EXPECTS LOWER PRICING COMPARED TO 2022 PERIOD AND
CORRESPONDINGLY LOWER SALES

Further company coverage:  KCOGn.DE 

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