Brief: Kloeckner EBITDA Increased To EUR 41 Mln In Q3

Kloeckner & Co SE

31/10/2023 06:06

Oct 31 (Reuters) - KLOCKNER & CO SE  KCOGn.DE :
    * OPERATING INCOME (EBITDA) INCREASED TO EUR 41 MILLION IN
Q3 OF
2023 (Q3 2022: EUR 16 MILLION)
    * SALES AMOUNTED TO EUR 6.0 BILLION IN FIRST NINE MONTHS OF
2023
AS AN OUTCOME OF CONTINUED CHALLENGING MACROECONOMIC ENVIRONMENT
AND LOWER STEEL PRICES (9M 2022: EUR 7.4 BILLION).
    * NET INCOME WAS A NEGATIVE EUR 8 MILLION IN FIRST NINE
MONTHS OF
2023 (9M 2022: POSITIVE EUR 301 MILLION)
    * EXPECTS AN EBITDA OF EUR 170 MILLION TO EUR 200 MILLION
BEFORE
MATERIAL SPECIAL EFFECTS FOR FISCAL YEAR
    * ANTICIPATES A SLIGHT DECREASE IN SHIPMENTS AND SALES
COMPARED TO
PREVIOUS QUARTER FOR FOURTH QUARTER

Source text for Eikon:  ID:nEQ5CvzZ4a 
Further company coverage:  KCOGn.DE 

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