Brief: Kloeckner Q1 Sales Down At EUR 1.7 Bln

Kloeckner & Co SE

07/05/2024 06:01

May 7 (Reuters) - KLOECKNER & CO SE  KCOGn.DE :
    * Q1 SALES DOWN AT EUR 1.7 BILLION VERSUS EUR 1.8 BILLION IN
Q1
2023 ON LOWER PRICE LEVEL
    * Q1 EBITDA BEFORE MATERIAL SPECIAL EFFECTS DOWN AT EUR 42
MILLION
VERSUS EUR 65 MILLION IN Q1 2023
    * Q1 SHIPMENTS OF 1.1 MILLION METRIC TONS UP 5% YOY
    * SEES Q2 EBITDA BEFORE MATERIAL SPECIAL EFFECTS IN RANGE OF
EUR
30-70 MILLION VERSUS EUR 63 MILLION IN Q2 2023
    * Q1 CONSOLIDATED LOSS FROM CONTINUING OPERATIONS OF EUR 8
MILLION
VERSUS PROFIT OF 24 MILLION IN Q1 2023
    * Q1 FCF OF NEGATIVE 67 MILLION EUR VERSUS POSITIVE 40
MILLION EUR
IN Q1 2023
    * Q1 CONSOLIDATED LOSS INCLUDING DISCONTINUED OPERATIONS OF
EUR 32
MILLION
    * SEES CONSIDERABLE INCREASE IN Q2 SHIPMENTS AND SALES
COMPARED TO
PRECEDING QUARTER
    * EXPECTS POSITIVE CASH FLOW FROM OPERATING ACTIVITIES IN H1
2024

Further company coverage:  KCOGn.DE 

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