Klöckner & Co AG

euro adhoc: Klöckner & Co AG
Earnings Forecast
Result negatively impacted by price declines in the third quarter • Sales growth remains intact

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Duisburg, October 08, 2007 - As a result of the unsatisfactory development of certain steel prices in the third quarter, especially stainless steel, Klöckner & Co will post an EBITDA some 10% under the figure of the previous year of EUR395 million in the 2007 financial year, thus under the previous forecast. According to provisional figures, sales in the first nine months of the 2007 financial year were increased as planned by approximately 15% to EUR4.75 billion.

While the volumes in Europe and North America remained satisfactory, during the third quarter Klöckner & Co experienced increasing pressure on gross margins in the distribution of steel products. It was particularly prices for stainless steel which developed negatively, due to the dramatic fall in the price of nickel over the last few months. This resulted in a major negative impact on gross margins for stainless steel and a write-down on inventories as of September 30, 2007.

A complete detailed analysis will be released with the publication of the Q3/9 month figures on November 14, 2007.

Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, D 47057 Duisburg ISIN: DE000KC01000 WKN: KCO0100

Listed: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse Further information can be obtained on the webpage of Klöckner & Co: www.kloeckner.de

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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Helmut Geisen
Telefon: +49 (0)203-307-2007
E-Mail: helmut.geisen@kloeckner.de

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

Weitere Meldungen: Klöckner & Co AG

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