Klöckner SE prognosis for the second quarter and full year
by Hans Diederichs
Against the background of unexpected high negative price effects and declining demand development – especially in the automotive business – Klöckner & Co SE is expecting an operating income (EBITDA) of between €50 and €60 million for the second quarter and – contrary to previous guidance – an EBITDA of between €180 and €200 million before material special effects for the full year.
With regard to the EBITDA including material special effects these negative impacts will be mainly compensated by the sale of one site in the United Kingdom with an expected gain of more than €30 million.
The results for the first quarter 2019 will be published – as planned – on April 30, 2019.
Source: Klöckner SE/ Photo: Fotolia