Last €8.77 EUR
Change Today +0.048 / 0.55%
Volume 564.9K
KCO On Other Exchanges
Symbol
Exchange
Xetra
OTC US
As of 3:55 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

kloeckner & co se (KCO) Snapshot

Open
€8.79
Previous Close
€8.72
Day High
€8.82
Day Low
€8.69
52 Week High
05/13/14 - €12.88
52 Week Low
12/16/14 - €8.19
Market Cap
874.8M
Average Volume 10 Days
820.4K
EPS TTM
€-0.26
Shares Outstanding
99.8M
EX-Date
05/26/14
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KLOECKNER & CO SE (KCO)

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kloeckner & co se (KCO) Details

Klöckner & Co SE, through its subsidiaries, is engaged in the distribution and service of steel and metal products. The company operates through Europe and Americas segments. Its product portfolio comprises special profiles; sheets for shipbuilding and machinery engineering; tubes and hollow sections, such as precision steel and heavy wall tubes; steel bars for machinery engineering; sectional steel for mechanical engineering; and special products, including plastics, ironware, and accessories, as well as products for building services, plumbing, roof and wall construction, and water supply. The company also offers services, such as cutting and splitting of steel strips, cutting to length, flame cutting, CNC turning/milling, and surface treatment. In addition, it provides consulting, procurement, warehousing, processing, and distribution services. The company serves small to medium-sized steel and metal consumers from the construction, machinery, and mechanical engineering industries; and supplies intermediate products for the automotive, shipbuilding, and consumer goods industries. Klöckner & Co SE was founded in 1906 and is headquartered in Duisburg, Germany.

9,784 Employees
Last Reported Date: 11/6/14
Founded in 1906

kloeckner & co se (KCO) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €1.3M
Chief Financial Officer and Member of the Man...
Total Annual Compensation: €839.0K
Member of Management Board
Total Annual Compensation: €916.0K
Member of Management Board
Total Annual Compensation: €769.0K
Compensation as of Fiscal Year 2013.

kloeckner & co se (KCO) Key Developments

Klöckner & Co SE Announces Earnings Results for the Third Quarter and Nine Months of 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Klöckner & Co SE announced earnings results for the third quarter and nine months of 2014. For the nine months, the company's sales rose by a marginal 0.1% to some EUR 4.9 billion. Thus sales increased to a lesser degree than shipments (up 1.8% to around 5 million tons) due to the weaker US dollar in the first half year and the lower price level in Europe. Gross profit rose as a result by 5.3% to EUR 952 million against EUR 904 million a year ago. EBITDA improved by 47% from EUR 108 million to EUR 160 million. The contributions from the KCO 6.0 and KCO WIN restructuring and optimization programs, totaling EUR 39 million, were the main driver behind the rise in earnings. EBIT more than tripled, from EUR 30 million to EUR 92 million. Net income was EUR 27 million compared with a loss of EUR 31 million in the prior-year period. Basic earnings per share rose accordingly from a negative EUR 0.31 to a positive EUR 0.27. Net debt increased from EUR 325 million at year-end 2013 to EUR 557 million at the end of September, including a EUR 14 million, 1-4, FX impact. Main drivers for the operational increase of EUR 280 million were higher net working capital needs of EUR 183 million and the investing activity of EUR 102 million, including Riedo with EUR 82 million. For the quarter, sales went up roughly in line with shipments by 4.7% to EUR 1.7 billion, of course, including Riedo. On a same-store basis, or without Riedo and the restructuring impacts, shipments went up by 2.5%, in Europe 1.2% and in the U.S. 5.5%, which is above markets of plus 5%. EBITDA went up to EUR 59 million. Sales increased in third quarter in line with shipments year-over-year by 4.7%. Quarter-over-quarter sales declined less pronounced than shipments due to increasing prices, which increased from EUR 977 per ton to EUR 991 per ton. able to achieve a gross profit of EUR 325 million despite slightly lower sales, compared to EUR 296 million in third quarter 2013, including Riedo with EUR 9 million and benefiting from improved U.S. dollar and euro exchange rates plus EUR 6 million. On KCO 6.0 and KCO WIN measures of in total EUR 12 million in third quarter 2014, further supporting EBITDA, which increased from EUR 39 million before restructuring to EUR 59 million in third quarter 2014. For third quarter, the EBITDA margin came in at 3.5%, well above last year's third quarter figure with only 2.3%. free cash flow in third quarter was a positive EUR 44 million. Net debt also decreased from EUR 579 million to EUR 557 million. The company expects EBITDA in the final quarter of 2014, to be between EUR 30 million and EUR 40 million. For 2014, the company expects EBITDA to between EUR 190 million and EUR 200 million.

Klöckner Seeks Acquisitions

Klöckner & Co SE (XTRA:KCO) will consider acquisitions in USA. Klöckner is planning more acquisitions in the USA, but none to be expected in 2014.

Klöckner & Co SE Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 11:15 AM

Klöckner & Co SE Presents at Goldman Sachs 2014 Metals, Mining & Steel Conference, Nov-19-2014 11:15 AM. Venue: Goldman Sachs Conference Center, 200 West Street, New York, New York, United States. Speakers: Gisbert Rühl, Chairman of Management Board and Chief Executive Officer.

 

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Price/Cash Flow 12.9x
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