Klöckner & Co, a prominent player in the European steel industry, continues to demonstrate its prowess in navigating a demanding market environment. Despite facing macroeconomic headwinds, the company showcases its commitment to implementing its ambitious Group strategy.The interim financial report for the first half of 2023 reveals that Klöckner & Co generated sales of €4.0 billion, reflecting the ability to adapt in challenging times. Operating income, EBITDA, stood at €131 million before material special effects, reflecting strategic decision-making in turbulent conditions.The company's strides towards decarbonizing the steel industry are commendable, with partnerships in place to secure future supply quantities of CO₂-reduced steel. The launch of Nexigen® Data Services exemplifies Klöckner & Co's dedication to sustainable practices, providing customers with smart and digital management of product emissions.Looking ahead, Klöckner & Co remains optimistic about demand recovery and anticipates a slight increase in Group shipments for the full year. Despite a steel price correction during the second quarter, the company projects EBITDA in the range of €40 million to €80 million for Q3 2023 and €220 million to €280 million for the entire year.
Klöckner & Co, a prominent player in the European steel industry, continues to demonstrate its prowess in navigating a demanding market environment. Despite facing macroeconomic headwinds, the company showcases its commitment to implementing its ambitious Group strategy.The interim financial report for the first half of 2023 reveals that Klöckner & Co generated sales of €4.0 billion, reflecting the ability to adapt in challenging times. Operating income, EBITDA, stood at €131 million before material special effects, reflecting strategic decision-making in turbulent conditions.The company's strides towards decarbonizing the steel industry are commendable, with partnerships in place to secure future supply quantities of CO₂-reduced steel. The launch of Nexigen® Data Services exemplifies Klöckner & Co's dedication to sustainable practices, providing customers with smart and digital management of product emissions.Looking ahead, Klöckner & Co remains optimistic about demand recovery and anticipates a slight increase in Group shipments for the full year. Despite a steel price correction during the second quarter, the company projects EBITDA in the range of €40 million to €80 million for Q3 2023 and €220 million to €280 million for the entire year.
