Brief: Kloeckner Says H1 EBITDA Before Material Special Effects Increased To EUR 423 Mln (H1 2021- EUR 401 Mln)

Kloeckner & Co SE

03/08/2022 06:09

Aug 3 (Reuters) - Kloeckner & Co SE  KCOGn.DE :
    * H1 OPERATING INCOME (EBITDA) BEFORE MATERIAL SPECIAL
EFFECTS
SIGNIFICANTLY INCREASED TO EUR 423 MILLION (H1 2021: EUR 401
MILLION)
    * H1 NET INCOME INCREASED TO EUR 323 MILLION (H1 2021: EUR
301
MILLION)
    * SALES UP BY 48.8% TO EUR 5.0 BILLION IN FIRST HALF OF 2022
(H1
2021: EUR 3.4 BILLION)
    * EBITDA OF MORE THAN EUR 500 MILLION BEFORE MATERIAL
SPECIAL
EFFECTS AND POSITIVE CASH FLOW FROM OPERATING ACTIVITIES
EXPECTED FOR FY 2022
    * DUE TO ANTICIPATED HIGHER AVERAGE STEEL PRICE LEVEL,
KLÖCKNER &
CO EXPECTS SIGNIFICANT SALES GROWTH IN FULL YEAR 2022
    * FORECASTS OPERATING INCOME (EBITDA) OF EUR 50 MILLION TO
EUR 100
MILLION BEFORE MATERIAL SPECIAL EFFECTS IN Q3
    * NEW HEAVY PLATE PROCESSING FACILITY WITH NUCOR IS
SCHEDULED TO
START OPERATIONS IN Q3 OF 2023 AND IS SUBJECT TO ENVIRONMENTAL
APPROVALS

Source text for Eikon:  ID:nEQ5J6LTja 
Further company coverage:  KCOGn.DE 

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