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    KCO   DE000KC01000

KLÖCKNER & CO SE

(KCO)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 07/30 11:16:21 am
12.775 EUR   +1.31%
05:42aKLÖCKNER & CO : Warburg Research remains its Buy rating
MD
07/29KLÖCKNER & CO : DZ Bank remains Neutral
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07/29KLÖCKNER & CO : Receives a Buy rating from Jefferies
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Klöckner & Co SE: Operating income in the second quarter of 2021 significantly stronger than expected

06/08/2021 | 08:19am EDT

DGAP-Ad-hoc: Klöckner & Co SE / Key word(s): Change in Forecast/Quarter Results
Klöckner & Co SE: Operating income in the second quarter of 2021 significantly stronger than expected

08-Jun-2021 / 14:17 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.


Due to the further considerable increase in steel prices in Europe and the US, Klöckner & Co SE anticipates that the operating income (EBITDA) in the second quarter of 2021 will be significantly stronger than expected. Against this background, the Company now expects an EBITDA before material special effects of ?260-290 million, contrary to the previous expectation of ?130-160 million.

The figures for the second quarter of 2021 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). 
 

08-Jun-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: 1205607

 
End of Announcement DGAP News Service

1205607  08-Jun-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1205607&application_name=news&site_id=zonebourse_sftp

© EQS 2021
All news about KLÖCKNER & CO SE
05:42aKLÖCKNER & CO : Warburg Research remains its Buy rating
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Financials
Sales 2021 6 775 M 8 047 M 8 047 M
Net income 2021 254 M 302 M 302 M
Net Debt 2021 237 M 281 M 281 M
P/E ratio 2021 4,58x
Yield 2021 2,39%
Capitalization 1 258 M 1 495 M 1 494 M
EV / Sales 2021 0,22x
EV / Sales 2022 0,21x
Nbr of Employees 7 113
Free-Float 71,7%
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 12,61 €
Average target price 13,84 €
Spread / Average Target 9,78%
EPS Revisions
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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