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Klöckner & Co AG

Klöckner & Co AG: Business Development better than expected

Duisburg (euro adhoc) -

•	Klöckner & Co boosts operating result by 60 percent in first half 
of 2008 over last year's level, preliminary results show
 •	Operating
result for the second quarter nearly 100 percent above the previous 
year’s level expected
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances/preliminary results
Duisburg, July 07, 2008 - As preliminary
figures show, Klöckner & Co achieved a result during the first half 
of 2008 that significantly exceeds market expectations, despite a 
cooling global economy. The preliminary operating result (Earnings 
before interest, taxes, depreciations and amortizations; EBITDA) 
totals EUR310 million, about EUR115 million above the same figure 
last year of EUR195 million. The driving forces behind this increase 
of nearly 60 percent were mainly the successful transformation of 
price increases for steel products into higher gross margins and the 
contribution of acquired companies. The preliminary operating result 
for the second quarter is about EUR200 million, nearly 100 percent 
above the previous year´s level of EUR103 million.
Commenting on the company´s performance, Dr. Thomas Ludwig, CEO of 
Klöckner & Co AG, said: "Following the extremely successful first 
half of 2008, we expect to achieve results during the second half of 
the year that will exceed last year´s level. For the entire year, we 
expect to generate an operating result that surpasses the present 
market expectation of about EUR480 million."
The company´s interim report for the second quarter and the first 
half-year 2008 will be released on August 14, 2008 on 
www.kloeckner.de .
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 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 are listed in the MDax® Index of Deutsche Börse.
end of announcement                               euro adhoc

Further inquiry note:

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
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: claudia.nickolaus@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