Klöckner & Co reports the first quarter of 2018

Klöckner & Co reports mainly price-driven sales growth of 1.6% to €1.6 billion in the first quarter of 2018. Operating income (EBITDA), at €56 million, was slightly above the guidance range of €45 million to €55 million but below the €77 million recorded in the first quarter of 2017. The decrease relative to the prior-year quarter is mainly due to less pronounced price effects and a weaker US dollar. At €21 million, net income was once again well into positive figures, compared with €36 million in the prior-year quarter. Earnings per share consequently came to €0.21 (Q1 2017: €0.36).

Read more at KLÖCKNER & CO SE DELIVERS SUCCESSFUL START TO FISCAL YEAR 2018.

Leave a Reply

arrow
%d bloggers like this: