Put company on watchlist
Klöckner & Co SE
ISIN:
DE000KC01000
WKN:
KC0100
Country: Deutschland
·
Primary market: Germany
·
EQS NID: 1282187
Levermann Score
17 February 2022 11:24AM
Klöckner & Co SE: Forecast for operating income in first quarter above expectations
DGAP-Ad-hoc: Klöckner & Co SE / Key word(s): Forecast/Quarter Results
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. |
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: | 1282187 |
End of Announcement | DGAP News Service |
|
1282187 17-Feb-2022 CET/CEST