Tous Actualités
Suivre
Abonner Klöckner & Co AG

Klöckner & Co AG

Klöckner & Co: Strong results for financial year 2007

Duisburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances
Duisburg, January 29, 2008 - According to the
provisional figures, the Klöckner & Co Group achieved sales of around
EUR6.3 billion and EBITDA of around EUR365 million in the financial 
year 2007. The company therefore exceeded its forecast adjusted in 
October 2007 of around EUR355 million. In addition, net liabilities, 
which had risen to EUR996 million in mid-2007 due largely to 
acquisitions, were reduced to around EUR750 million by the end of the
year.
The rise in sales from EUR5.5 billion in 2006 to EUR6.3 billion in 
2007 was essentially the result of price increases and acquisitions. 
EBITDA, which according to provisional figures is approximately 8% 
down on the previous year´s figure, of around EUR365 million is the 
second-best operating result in the over one hundred-year history of 
Klöckner & Co.
At approximately 10% above the fourth quarter of the previous year, 
EBITDA of around EUR77 million was generated in the fourth quarter 
with sales of around EUR1.5 billion. The one-off effects included in 
EBITDA for 2007 as a whole were roughly at the level of the previous 
year.
In light of the continuing excellent demand, Klöckner & Co recorded 
some clear price increases for a number of products since the 
beginning of 2008, especially also in the US. Taking into 
consideration the acquisitions and measures realized in the STAR 
performance program, the company is assuming that it will generate 
results at a high level in 2008.
Klöckner & Co will publish more detailed information and the final 
figures for the financial year 2007 on April 1, 2008. The data will 
be made available on the Internet at www.kloeckner.de at 8.00 am, 
CEST.
About Klöckner & Co AG:
Klöckner & Co is the largest independent producer and 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 200,000 
active customers are supplied through approximately 250 distribution 
locations in 15 countries in Europe and North America.
Klöckner & Co was founded more than 100 years ago by Peter Klöckner. 
During the financial year 2006, the Company achieved sales of 
approximately EUR5.5 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. Klöckner & Co 
shares have been listed in the MDax® Index of Deutsche Börse since 
the end of January 2007.
Contact persons:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany
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
Claudia Nickolaus - Investor Relations
Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail:  claudia.nickolaus@kloeckner.de
end of announcement                               euro adhoc

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: 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

Plus de actualités: Klöckner & Co AG
Plus de actualités: Klöckner & Co AG
  • 25.01.2008 – 14:35

    New member of the Board of Management at Klöckner & Co AG

    ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. professional career Duisburg (euro adhoc) - Duisburg, January 25, 2008 - At its meeting held earlier today, the Supervisory Board of Klöckner & Co AG appointed Mr. Ulrich Becker as a member of the Board of Management. Mr. Becker was previously a member of the management team of Benteler Automobiltechnik ...

  • 23.01.2008 – 10:42

    Klöckner & Co continues acquisitions in the UK

    • British country operation takes over Multitube Ltd. in Brierley Hill, West Midlands • Acqusition strategy continues in fiscal year 2008 ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. merger, acquisition and takeover Duisburg (euro adhoc) - Duisburg - January 23, 2008. Klöckner & Co AG is continuing on its growth course in 2008. Klöckner UK ...

  • 16.01.2008 – 10:02

    Klöckner & Co AG further increases shareholding in the Swiss country operation

    • Klöckner & Co now holds 98% of the shares in Debrunner Koenig Holding AG ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. investments Duisburg (euro adhoc) - Duisburg, January 16, 2008 - Klöckner & Co Aktiengesellschaft has acquired a further 20% of the shares in Debrunner Koenig Holding AG. ...