on Klöckner & Co. SE (isin : DE000KC01000)
Klöckner & Co Advances in Value-Added Business and Digitalization
In the first nine months of 2024, Klöckner & Co achieved shipments of 3.4 million tons, a 6.3% increase from 2023, driven largely by acquisitions in Mexico and the US. Despite this growth, sales fell to €5.1 billion, a 3.8% decrease due to declining steel prices. EBITDA before special effects was reported at €104 million, down from €174 million in the previous year, reflecting reduced demand and price corrections in Europe.
The company saw progress in expanding its higher value-added business, notably with targeted US investments enhancing its manufacturing capabilities. Digitalization efforts continued to advance, with digital quotes increasing by 27% year-on-year. Sustainability remains central, with Klöckner & Co receiving the German Sustainability Award for its environmental efforts in the steel industry.
Looking ahead, the company maintains a full-year EBITDA forecast of €120 to €180 million amid ongoing market challenges.
R. H.
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