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Klöckner & Co SE announces best half-year results in six years - Seite 2

The Company also further expanded business with higher value-added products and services. The first section of a service center that processes aluminum flat products for the automotive and manufacturing industries came into operation at Bönen in North Rhine-Westphalia, Germany. Marking a major investment of some EUR35 million, the center is planned to reach its full processing capacity of 80,000 tons of aluminum a year as early as 2018.

Klöckner & Co is also fully on schedule in implementing its "One Europe" optimization program. By further centralizing Klöckner's European activities, the program kicked off at the beginning of the year has already delivered a visible contribution to operating earnings of EUR5 million in the first six months. This figure is to increase to EUR30 million a year by 2019.

Gisbert Rühl, CEO of Klöckner & Co SE: "Under our 'Klöckner & Co 2020' strategy, we are optimizing our core business and investing in higher-margin, increasingly digital activities. With the confirmation provided by our positive earnings performance, we will systematically continue along the same path."

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 170 locations in 12 countries, the Group supplies more than 130,000 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 8,700 employees. The Group had sales of around EUR5.7 billion in fiscal 2016.

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: