Login ID:
Partner Login
Contact Us : 7066511911

PRESS RELEASE: Klöckner & Co SE posts fiscal year 2017 results with sharp rise in earnings

28 Feb 2018 6:00 am

Dow Jones received a payment from EQS/DGAP to publish this press release.
 DGAP-News: Klöckner & Co SE / Key word(s): Final Results 
Klöckner & Co SE posts fiscal year 2017 results with sharp rise in earnings 
2018-02-28 / 07:00 
The issuer is solely responsible for the content of this announcement. 
*- *Operating income (EBITDA) at seven-year high of EUR220 million 
- Share of sales generated via digital channels raised during the year from 
13% to 18% 
- Proposal to pay out a 50% higher dividend of EUR0.30 
*Duisburg, Germany, February 28, 2018 -* Klöckner & Co raised sales in 
fiscal year 2017 by 9.8% to EUR6.3 billion and operating income (EBITDA) by 
12.3% to EUR220 million. The increase was notably a result of internal 
optimization measures as well as of the positive trend in prices. Net income 
improved from EUR38 million to EUR102 million. Earnings per share went up 
from EUR0.37 to EUR1.01. 
Operating cash flow rose by 8.4%, from EUR73 million to EUR79 million. Net 
financial debt was reduced from EUR444 million to EUR330 million. The equity 
ratio as of the reporting date remained very solid at 42% (December 31, 
2016: 40%). 
Gisbert Rühl, CEO of Klöckner & Co SE: "We want to give our shareholders 
their due share of this significant improvement in earnings. The Management 
Board and Supervisory Board are going to propose an increased dividend of 
EUR0.30 at the Annual General Meeting." 
Fiscal year 2017 saw Klöckner & Co further accelerate the digital 
transformation that forms a key part of its "Klöckner & Co 2022" strategy. 
The share of sales generated via digital channels was raised from 13% to 18% 
as a result. As of the last year-end, the Group is expanding its online 
shops into marketplaces by opening them up to providers of complementary 
products. In parallel, the first version of the industry platform that is 
also open to direct competitors has gone live under the name of XOM. 
For its key markets, Klöckner & Co expects that real steel demand will rise 
by 1% to 2% in Europe and about 3% in the USA in 2018. Group sales should 
track this with a slight increase. Even if - in contrast to 2017 - positive 
price effects are largely absent, Klöckner & Co expects with the aid of 
optimization measures and higher steel demand to deliver operating income at 
least at the level of the prior year. If the current trend toward higher 
steel prices were to persist, this would have an additional positive impact 
on operating income. 
*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 center 
companies worldwide. Based on its distribution and service network of around 
170 locations in 13 countries, the Group supplies around 120,000 customers. 
As a pioneer of the digital transformation in the steel industry, Klöckner & 
Co's target is to fully digitalize its supply and service chain and to 
support the launch of an independent open industry platform, which shall 
become the dominant vertical platform of the steel and metals industry. 
Currently Klöckner & Co has around 8,700 employees. The Group had sales of 
around EUR6.3 billion in fiscal 2017. 
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 
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576. 
*Contact person Klöckner & Co SE:* 
Christian Pokropp - Press Spokesperson 
Head of Corporate Communications 
Phone: +49 (0)203 307 2050 
Email: christian.pokropp@kloeckner.com 
Christina Kolbeck 
Head of Investor Relations & Sustainability 
Phone: +49 (0)203 307 2122 
Email: christina.kolbeck@kloeckner.com 
2018-02-28 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 
Language: English 
Company:  Klöckner & Co SE 
          Am Silberpalais 1 
          47057 Duisburg 
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 
End of News DGAP News Service 
658517 2018-02-28 

(END) Dow Jones Newswires

February 28, 2018 01:00 ET (06:00 GMT)
Top 5 Special Reports
Lull In India's Cotton Exports Despite Narrowing Price ...
USD/INR (Nov. 19) Sustaining Recent Breakout Hold ...