Klöckner & Co SE announced earnings and operating results for the first quarter of fiscal 2013. For the quarter, the company announced costs sharply reduced, gross profit margin improved, but earnings in the first three months lower year-on-year due to cyclical weak demand. Sales were down 16.5% to approximately EUR 1.6 billion. EBITDA was at EUR 29 million, down 35% on prior-year figure of EUR 44 million due to shortfall in gross profit, despite EUR 26 million cost reduction. Net loss was EUR 16 million compared with EUR 12 million in the prior-year same period. Basic loss per share was EUR 0.16 compared with EUR 0.11 in the prior-year quarter. The first three months saw turnover decline by 11.4% due to very weak demand and portfolio streamlining in Europe as well as less working days in Europe and the US. Sales declined even more steeply by 16.5% due to lower price level. Net financial debt showed a seasonal increase relative to the year-end, going up by EUR 60 million to EUR 482 million. Cash flow from operating activities of minus EUR 35 million. Net CapEx was around EUR 6 million. For the quarter, the company announced turnover down 11.4% to 1.6 million tons from 1.9 million tons reported for the same period a year ago. For the second quarter of fiscal 2013, the company expects EBITDA to be EUR 35 million to EUR 45 million. For the full year of fiscal 2013, the company announced guidance for EBITDA of EUR 200 million in 2013 is looking increasingly unrealistic.

On June 1, 2013 Christian Pokropp (34) will become the new Head of Investor Relations & Corporate Communications at Klöckner & Co SE. He takes over the position from Dr. Thilo Theilen who, after more than four years in the role, is appointed Member of the Management Board and Chief Financial Officer of Klöckner & Co's Becker Stahl-Service subsidiary, with effect from June 1, 2013. Mr. Pokropp will report to CEO Gisbert Ruhl. Pokropp most recently was Head of Investor Relations & Public Relations at the SDAX listed company H&R AG.

Klöckner & Co SE Presents at 16th dbAccess German, Swiss and Austrian Conference, May-14-2013 through May-15-2013. Venue: Hilton Hotel, Frankfurt/Main, Germany. Presentation Date & Speakers: May-15-2013, Gisbert Rühl, Chairman of Management Board and Chief Executive Officer.