DGAP-Adhoc: Klöckner & Co SE: Forecast for operating income in first quarter above expectations
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DGAP-Ad-hoc: Klöckner & Co SE / Key word(s): Forecast/Quarter Results
Klöckner & Co SE: Forecast for operating income in first quarter above expectations
17-Feb-2022 / 11:24 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.
Klöckner & Co SE continued its positive business development in the fourth quarter 2021, achieving its best full-year operating income (EBITDA) since its IPO in 2006. According to preliminary figures, EBITDA before material special effects for the 2021 financial year amounts to €848 million.
Furthermore, the company expects an EBITDA before material special effects of €130-180 million for the first quarter of 2022 (Q1 2021: €130 million), which is significantly above the current market expectation. In addition the company will generate positive material special effects from the sale of properties in Switzerland and France amounting to €54 million in the first quarter.
The forecast for the 2022 financial year will be announced with the final financial figures for the full year 2021 on March 9, 2022.
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).
17-Feb-2022 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 |
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Am Silberpalais 1 |
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47057 Duisburg |
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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: |
1282187 |
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| End of Announcement |
DGAP News Service |
1282187 17-Feb-2022 CET/CEST
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Klöckner & Co SE DE000KC01000