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    KCO   DE000KC01000

KLÖCKNER & CO SE

(KCO)
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DGAP-Adhoc : Klöckner & Co SE: Strongest operating full-year income expected since IPO

07/29/2021 | 05:38am EDT
DGAP-Ad-hoc: Klöckner & Co SE / Key word(s): Forecast/Annual Results 
Klöckner & Co SE: Strongest operating full-year income expected since IPO 
29-Jul-2021 / 11:37 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
According to preliminary figures, Klöckner & Co SE generated a record operating income (EBITDA) before material special 
effects of EUR401 million in the first half of the financial year 2021. Due to the continued positive dynamics of steel 
prices in Europe and the US at the beginning of the third quarter combined with extremely strict net working capital 
management and supported by the substantial effects from the Surtsey project, Klöckner & Co SE anticipates EBITDA 
before material special effects in the third quarter to be significantly stronger than previously expected by the 
market at EUR200-230 million. 
Furthermore, the company expects to achieve EBITDA before material special effects of EUR650-700 million in the full year 
2021, which will then be the best operating full-year income since the IPO in 2006. This forecast is also above the 
previous market expectation. 
The figures for the second quarter will be announced on August 10, 2021. 
 
=---------------------------------------------------------------------------------------------------------------------- 
Information and Explanation of the Issuer to this News: 
For the definitions of EBITDA and EBITDA before material special effects reference is made to our homepage (accessible 
via https://www.kloeckner.com/en/glossary.html) and/or the annual report 2020, p. 40 (accessible via https:// 
www.kloeckner.com/en/investors/publications.html). 
 
=---------------------------------------------------------------------------------------------------------------------- 
29-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Klöckner & Co SE 
              Am Silberpalais 1 
              47057 Duisburg 
              Germany 
Phone:        +49 (0)203 / 307-0 
Fax:          +49 (0)203 / 307-5000 
E-mail:       info@kloeckner.com 
Internet:     www.kloeckner.com 
ISIN:         DE000KC01000 
WKN:          KC0100 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1222640 
 
End of Announcement  DGAP News Service 
=------------ 

1222640 29-Jul-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1222640&application_name=news 
 

(END) Dow Jones Newswires

July 29, 2021 05:37 ET (09:37 GMT)

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Financials
Sales 2021 6 653 M 7 797 M 7 797 M
Net income 2021 400 M 469 M 469 M
Net Debt 2021 212 M 248 M 248 M
P/E ratio 2021 2,54x
Yield 2021 6,29%
Capitalization 989 M 1 158 M 1 159 M
EV / Sales 2021 0,18x
EV / Sales 2022 0,19x
Nbr of Employees 7 083
Free-Float 71,7%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 9,92 €
Average target price 13,97 €
Spread / Average Target 40,9%
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Managers and Directors
Guido Kerkhoff Chairman-Management Board
Oliver Falk Chief Financial Officer
Dieter H. Vogel Chairman-Supervisory Board
Ralf Oberhuber Head-Compliance Office
Friedman Jeffrey Compliance Officer
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