DGAP-Adhoc: Klöckner & Co SE: Guidance for full year 2019 - operating income (EBITDA) burdened
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DGAP-Ad-hoc: Klöckner & Co SE / Key word(s): Forecast
Based on preliminary figures the operating income (EBITDA) of Klöckner & Co SE for the third quarter 2019 is expected to be EUR26 million before material special effects and therefore within the previously published guidance range of EUR25-35 million.
After the recovery of the steel prices in the USA in the third quarter, which was expected to continue in the fourth quarter, Klöckner & Co SE is now anticipating weaker market conditions and again a negative price development. Against this background, Klöckner & Co SE is, by lowering its previous guidance, expecting an EBITDA for the full year of between EUR120 and EUR130 million before material special effects. The final results for the third quarter 2019 will be published - as planned - on October 30, 2019. Information and Explanation of the Issuer to this News: For the definition of EBITDA reference is made to our homepage (accessible via https://www.kloeckner.com/en/glossary.html) and/or the annual report 2018, page 265 (accessible via https://www.kloeckner.com/dam/kco/files/en/publications/2019/AnnualReport_2018.pdf) and with respect to material special effects reference is made to the annual report 2018, page 55 (accessible via https://www.kloeckner.com/dam/kco/files/en/publications/2019/AnnualReport_2018.pdf).
14-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | [email protected] |
| 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: | 890005 |
| End of Announcement | DGAP News Service |
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890005 14-Oct-2019 CET/CEST
Klöckner & Co SE Aktie
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