Klockner Expects Strong Operating Income in Q1 of 2021
Duisburg Germany based Klockner & Co announced that at the beginning of the current fiscal year the recovery in steel demand continued. In addition,
Duisburg Germany based Klockner & Co announced that at the beginning of the current fiscal year the recovery in steel demand continued. In addition, price levels in Europe and the USA have continued to rise significantly. Due to the cost base already sustainably reduced by the Surtsey project, Klockner & Co can benefit particularly strongly from the positive market development. Against this background, the company expects an operating income EBITDA before material special effects of EUR 110-130 million in the first quarter of 2021 and therefore very considerably above the prior-year quarter.”
Previously, operating income before material special effects was only expected to improve considerably compared with EUR 21 million in first quarter of 2020
Klockner & Co is an international operating company with locations in Europe and America. In the steel and metal distribution, Klockner & Co is one of the world’s largest producer independent companies with modern service centers to supply high quality processed steel and metal products.
5.648 million tonnes shipments in 2019
EUR 6315 million sales in 2019