DGAP-Ad-hoc: Klöckner & Co SE / Key word(s): Forecast/Annual Results Klöckner & Co SE: Operating full-year income expected to be even stronger 27-Sep-2021 / 11:28 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.

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During the third quarter, the positive dynamics of steel prices, particularly in the US, continued. Due to this development and the continued extremely strict net working capital management in this context, Klöckner & Co SE now expects an operating income (EBITDA) before material special effects of EUR260-280 million for the third quarter, contrary to the previous forecast of EBITDA before material special effects of EUR200-230 million. Furthermore, the Company expects to achieve EBITDA before material special effects of around EUR 800 million for the full year 2021 (previous forecast: EUR 650-700 million). This would be Klöckner & Co SE's best operating full-year income since its IPO in 2006. The figures for the third quarter will be announced on November 3, 2021.

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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).

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27-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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:  1236080 
 
End of Announcement  DGAP News Service 
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1236080 27-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1236080&application_name=news

(END) Dow Jones Newswires

September 27, 2021 05:28 ET (09:28 GMT)