Brief: Kloeckner & Co Q2 2023 EBITDA At EUR 63 Mln

Kloeckner & Co SE

02/08/2023 06:14

Aug 2 (Reuters) - KLOECKNER & CO SE  KCOGn.DE :
    * HALF YEAR RESULTS H1 2023
    * H1 2023 OPERATING INCOME (EBITDA) OF EUR 131 MILLION
BEFORE
MATERIAL SPECIAL EFFECTS (H1 2022: EUR 423 MILLION) 
    * H1 POSITIVE CASH FLOW FROM OPERATING ACTIVITIES OF EUR 96
MILLION CONSIDERABLY ABOVE PRIOR-YEAR PERIOD (H1 2022: EUR 1
MILLION)
    * OUTLOOK: EBITDA OF EUR 220 MILLION TO EUR 280 MILLION
BEFORE
MATERIAL SPECIAL EFFECTS AND SIGNIFICANTLY POSITIVE CASH FLOW
FROM OPERATING ACTIVITIES EXPECTED FOR FULL YEAR 2023
    * KLÖCKNER & CO GENERATED SALES OF EUR 4.0 BILLION IN FIRST
HALF
OF 2023 (H1 2022: EUR 5.0 BILLION)
    * Q2 2023 EBITDA 63 MILLION EUR VERSUS 222 MILLION EUR Q2
2022
    * NET INCOME AMOUNTED TO EUR 4 MILLION IN H1 2023 (H1 2022:
EUR
323 MILLION)
    * NET WORKING CAPITAL DECREASED RELATIVE TO JUNE 30, 2022,
FROM
EUR 2.2 BILLION TO EUR 1.7 BILLION
    * EXPECTS DEMAND TO RECOVER AS YEAR PROGRESSES AND IS NOW
FORECASTING A SLIGHT INCREASE IN GROUP SHIPMENTS FOR FULL YEAR
    * CONTINUES TO FORECAST A SIGNIFICANT DECLINE IN SALES FOR
FISCAL
YEAR 2023
    * EXPECTS EBITDA IN RANGE OF EUR 40 MILLION TO EUR 80
MILLION
BEFORE MATERIAL SPECIAL EFFECTS IN Q3 OF 2023 AND EUR 220
MILLION TO EUR 280 MILLION FOR YEAR AS A WHOLE
    * H1 2023 BASIC EARNINGS PER SHARE CONSEQUENTLY CAME TO EUR
0.04
VERSUS 3.18 H1 2022

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

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