DGAP-News

Klöckner & Co SE returns to positive net income in the second quarter of 2016

DGAP-News: Klöckner & Co. SE / Key word(s): Quarter Results
Klöckner & Co SE returns to positive net income in the second quarter of
2016

04.08.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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- Digital pricing tools amplify positive earnings impact of rising steel
prices

- Proportion of Group sales generated via digital channels hits 10% mark


- New program "One Europe" for the European steel distribution business
developed to further boost profitability

- Positive earnings trend expected to continue with an EBITDA of EUR65 to
EUR75 million in the third quarter

- Full year targets of an significantly higher EBITDA and a positive net
income confirmed

Duisburg, Germany, August 4, 2016 - Klöckner & Co generated operating
income (EBITDA) of EUR72 million in the second quarter of 2016,
significantly improving on the prior-year operating loss of EUR17 million
and hence also returning to positive figures on the bottom line with net
income of EUR33 million (Q2 2015: net loss of EUR55 million). Operating
income is set to stay above prior-year performance going forward, with
third-quarter operating income expected to be between EUR65 and EUR75
million. The Group has confirmed its full-year targets of significantly
higher EBITDA and a return to positive net income.

Gisbert Rühl, CEO of Klöckner & Co SE: "Increasing use of digital pricing
tools allowed us to benefit more strongly than in the past from rising
market prices for steel and metal products and, as a result, to deliver the
best quarterly results in more than five years."

Klöckner & Co also made further progress in the ongoing implementation of
its digitalization strategy. In total, digital channels already accounted
for some 10% of Group sales.

Over the last several years, Klöckner & Co has restructured its European
distribution business at country level, downsized capacity and pooled
operations. Now, under the new "One Europe" program, the activities of the
country organizations in Austria, Belgium, France, Germany, the
Netherlands, Spain and the United Kingdom are to be brought even closer
together. The new structure not only aims to cut costs and facilitate
synergies, but also to ensure faster, more efficient implementation of the
digital transformation. "One Europe" is set to deliver an incremental
EBITDA contribution of in total some EUR30 million in the next three years
- thereof already EUR10 million in 2017.

About Klöckner & Co:
Klöckner & Co is one of the largest producer-independent distributors of
steel and metal products and one of the leading steel service center
companies worldwide. Based on its distribution and service network of
around 200 locations in 14 countries, the Group supplies more than 140,000
customers. In addition to companies in the construction industry as well as
machinery and mechanical engineering, Klöckner & Co serves customers in the
automotive and chemical industry, in shipbuilding and in fields of
household appliances, consumer goods and energy. Currently Klöckner & Co
has around 9,200 employees. The Group had sales of around EUR6.4 billion in
fiscal 2015.

The shares of Klöckner & Co SE are admitted to trading on the regulated
market segment (Regulierter Markt) of the Frankfurt Stock Exchange
(Frankfurter Wertpapierbörse) with further post-admission obligations
(Prime Standard). Klöckner & Co shares are listed in the SDAX(R)-Index of
Deutsche Börse.

ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Contact person Klöckner & Co SE:
Christian Pokropp - Press Spokesperson
Head of Investor Relations & Corporate Communications
Phone: [phone]
Fax: [phone]
Email: [e-mail]


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04.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Klöckner & Co. SE
Am Silberpalais 1
47057 Duisburg
Germany
Phone: +49 (0)203 / 307-0
Fax: +49 (0)203 / 307-5000
E-mail: [e-mail]
Internet: www.kloeckner.com
ISIN: DE000KC01000
WKN: KC0100
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange


End of News DGAP News Service
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488977 04.08.2016