PRESS RELEASE : Klöckner & Co SE announces best operating quarterly result since IPO in 2006

DGAP-News: Klöckner & Co SE / Key word(s): Quarter Results 
Klöckner & Co SE announces best operating quarterly result since IPO in 2006 
2021-08-10 / 07:00 
The issuer is solely responsible for the content of this announcement. 
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- Very significant price and volume-driven increase in second-quarter sales by 57.8% year-on-year to ?1.8 billion 
- Record operating income (EBITDA) of ?271 million before material special effects 
- Very strong net income of ?215 million (Q2 2020: net loss of ?111 million) 
- Initial measures of "Klöckner & Co 2025: Leveraging Strengths" strategy successfully implemented 
- Full-year guidance for 2021 forecasts record EBITDA before material special effects in a range between ?650 million 
and ?700 million 
Duisburg, Germany, August 10, 2021 - Klöckner & Co SE has continued its strong year and generated the best quarterly 
operating result since the IPO in 2006. Higher prices and increased demand led to very considerable sales growth of 
57.8% to ?1.8 billion in Q2 2021 (Q2 2020: ?1.2 billion). Driven by the positive steel price trend, extremely strict 
net working capital management and substantial effects from the Surtsey project, operating income (EBITDA) before 
material special effects improved from ?11 million in the prior-year period to ?271 million. Net income was extremely 
strong at ?215 million (Q2 2020: net loss of ?111 million). Earnings per share consequently came to ?2.13 (Q2 2020: 
loss per share of ?1.11). Despite significantly higher steel prices and the cash outflows in connection with the 
Surtsey project, cash flow from operating activities was positive at ?74 million (Q2 2020: ?98 million). 
Guido Kerkhoff, CEO of Klöckner & Co SE: "Our improved operating lineup is delivering results. This allows us to 
benefit particularly strongly right now from the positive market environment. At the same time, we are systematically 
implementing our 'Klöckner & Co 2025: Leveraging Strengths' strategy. With a new structure and improved setup in the EU 
as well as the pooling of our digital capabilities in kloeckner.i, we have set an important initial course to further 
consolidate and extend our excellent position, also in a changed market environment." 
The new strategy, "Klöckner & Co 2025: Leveraging Strengths", was first presented to the public in the second quarter. 
With it, the Group aims to become the leading digital one-stop shop platform for steel, additional materials and 
processing services in Europe and the Americas. 
Initial measures under the strategy have already been implemented: For further process digitalization and automation, 
key digital and IT capabilities within the Group have been pooled under the roof of kloeckner.i, placing them under 
shared management and linking them more closely with the operating business. In addition, the establishment of a second 
kloeckner.i innovation hub has been initiated in the USA in order to provide the optimum conditions for accelerating 
the digitalization of the business in the US market. Bernhard Weiß has also taken up office as CEO Europe on the 
Management Board and the organizations under him - Becker Stahl-Service, Klöckner & Co Deutschland and Kloeckner 
Benelux - have each been assigned new, internationally experienced management teams. By further centralizing the 
finance and administration functions and by combining expert know-how with the product and service portfolio, the Group 
aims to leverage additional synergies and enhance cross-border cooperation. 
Driven by the dynamic price trend combined with extremely strict inventory management and the effects from the Surtsey 
project, Klöckner & Co is extremely optimistic regarding the remainder of the year. The Group thus expects a further 
very considerable increase in operating income (EBITDA) before material special effects to between ?200 million and 
?230 million in the third quarter and a record ?650 million to ?700 million in the full year. 
About Klöckner & Co: 
Klöckner & Co is one of the largest producer-independent distributors of steel and metal products and one of the 
leading steel service companies worldwide. Based on its distribution and service network of around 140 locations in 
13 countries, Klöckner & Co supplies more than 100,000 customers. Currently, the Group has around 7,100 employees. 
Klöckner & Co had sales of some ?5.1 billion in fiscal year 2020. As a pioneer of change in the steel industry, 
Klöckner & Co is in the process of digitalizing its entire supply and value chain and aims to become the leading 
digital one-stop shop platform for steel, additional materials and processing services in Europe and America. 
The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the 
Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). 
Klöckner & Co shares are listed in the SDAX^(R) index of Deutsche Börse. 
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576. 
Klöckner & Co SE contact: 
Press 
Christian Pokropp - Press Spokesperson 
Head of Corporate Communications 
Phone: [phone] 
Email: [e-mail] 
Investors 
Felix Schmitz 
Head of Investor Relations | 
Head of Sustainability 
Phone: [phone] 
Email: [e-mail] 
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2021-08-10 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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:       [e-mail] 
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:  1225125 
 
End of News   DGAP News Service 
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1225125 2021-08-10

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August 10, 2021 01:00 ET (05:00 GMT)