Klöckner & Co confirms positive forecast for 2006
Duisburg (euro adhoc) -
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Duisburg, January 22, 2007 - According to provisional figures for the financial year 2006, the sales of the Klöckner & Co-Group are slightly higher than forecast, at some EUR 5.5 billion, with an EBITDA of some EUR 395 million. Moreover, the net cash indebtedness of about EUR 375 million is below the anticipated value.
The positive overall development was underpinned by the continued systematic implementation of the STAR performance program, consistent demand and additional growth from acquisitions. Going forward the company expects that the positive sales and earnings development, also driven by acquisitions, will continue in the first quarter and for the whole of 2007.
Klöckner & Co is publishing more detailed information and the final figures for 2006 on March 29, 2007. The data will be available on the internet at www.kloeckner.de from 08:00 CEST.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent steel and metal distributor 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 200,000 active customers are supplied through approximately 240 distribution locations in 14 countries in Europe and North America. Klöckner & Co was founded more than100 years ago by Peter Klöckner. During the financial year 2005, the company achieved sales of approximately EUR5 billion with around 10,000 employees. The shares of Klöckner & Co Aktiengesellschaft 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.
Contacts: Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Klöckner & Co AG Am Silberpalais 1 D - 47057 Duisburg
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
end of announcement euro adhoc 22.01.2007 07:27:06
Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
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