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Klöckner & Co SE

Klöckner & Co SE: Strong third quarter, forecast for 2008 confirmed

Duisburg (euro adhoc) -

•	Preliminary operating earnings in Q3 2008 nearly 60% above the 
previous year's level
 •	Retirement of debt continues
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
balance/preliminary results
Duisburg, October 15, 2008 - Preliminary
figures for the third quarter of 2008 show that Klöckner & Co stayed 
on its strong earnings path despite the continued cooling of the 
global economy. Preliminary operating earnings (EBITDA) excluding 
one-time effects from disposals of above EUR 150 million exceeded the
prior year total of EUR 93.3 million by about EUR 57 million.
At about EUR 470 million, preliminary EBITDA excluding one-time 
effects from disposals for the first nine months of the year was 
about EUR 183 million higher than the corresponding year-earlier 
figure of EUR 287.9 million. Including extraordinary earnings of 
about EUR 265 million from the disposal of non core activities, 
EBITDA amounted to EUR 735 million at the end of the third quarter. 
Dr. Thomas Ludwig, Chairman of the Management Board of Klöckner & Co 
SE, said: "Despite adverse macroeconomic developments in the fourth 
quarter of 2008, we continue to forecast an EBITDA of at least EUR 
500 million and an EBITDA including extraordinary earnings of at 
least EUR 770 million for the full year of 2008."
In addition, the one-time effects enabled Klöckner & Co to reduce its
debt to about EUR 700 million in the third quarter of 2008 from EUR 
1.072 million at the end of the first half of the year. Dr. Thomas 
Ludwig said: "We will reduce our net financial debt below EUR 600 
million by the end of the year and will thus maintain our full range 
of options even if the global financial crisis were to become more 
severe again. Against this backdrop, the continued reduction of our 
debt remains a top priority. Even if this means that we will not meet
our previous goal of acquiring businesses with a total sales volume 
of about EUR 570 million this year, it will give us the leeway to 
continue the targeted expansion of Klöckner & Co once the global 
financial crisis is over."
The consolidated interim financial statements of Klöckner & Co SE for
the third quarter of 2008 will appear on the company´s web site, 
www.kloeckner.de , on November 14, 2008.
About Klöckner & Co: Klöckner & Co is the largest 
producer-independent distributor of steel and metal products in the 
European and North American markets combined. The core business of 
the Klöckner & Co Group is the storage and distribution of steel and 
non-ferrous metals. About 210,000 active customers are supplied 
through more than 260 distribution locations in 15 countries in 
Europe and North America. During the financial year 2007, the Company
achieved sales of approximately EUR6.3 billion with more than 10,000 
employees.
The shares of Klöckner & Co SE are admitted to trading on the 
official market segment (Amtlicher Markt) of the Frankfurt Stock 
Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to
the sub-segment (Prime Standard) to the official market with further 
post-admission obligations. ISIN: DE000KC01000; WKN: KC0100; Common 
Code: 025808576. Klöckner & Co shares are listed in the MDax® Index 
of Deutsche Börse.
end of announcement                               euro adhoc

Further inquiry note:

Contact persons:
Peter Ringsleben, Claudia Uhlendorf - Corporate Communications

Peter Ringsleben
Phone: +49-203-307-2800
Fax: +49-203-307-5060
E-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf
Phone: +49-203-307-2289
Fax: +49-203-307-5103
E-mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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