Last €10.35 EUR
Change Today -0.03 / -0.29%
Volume 442.1K
KCO On Other Exchanges
Symbol
Exchange
Xetra
OTC US
As of 1:55 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

kloeckner & co se (KCO) Snapshot

Open
€10.46
Previous Close
€10.38
Day High
€10.65
Day Low
€10.34
52 Week High
05/13/14 - €12.88
52 Week Low
08/1/14 - €9.31
Market Cap
1.0B
Average Volume 10 Days
428.0K
EPS TTM
€-0.52
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.

9,748 Employees
Last Reported Date: 08/7/14
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 Second Quarter and First Half of 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Klöckner & Co. SE announced earnings results for the second quarter and first half of 2014. For the quarter, sales went down even more by 1.0% year-on-year to EUR 1.7 billion, impacted, of course, by lower price level and by the weaker U.S. dollar. EBITDA of EUR 56 million came in at the upper half of the guidance of EUR 50 million to EUR 60 million. Net income was EUR 10 million after EUR 3 million in the first quarter. The leverage has been reduced year-on-year from 4.4x EBITDA to 3.2x EBITDA, but this is higher than the second quarter because of Riedo and, also, seasonal networking capital buildup. Negative free cash flow was EUR 168 million. For the period, the company’s sales declined by 2.1% to EUR 3.3 billion due to the deterioration in the USD/EUR exchange rate and lower steel prices in Europe. EBITDA improved by 41% from EUR 72 million to EUR 101 million. The main drivers behind the rise in earnings were the contributions from the KCO 6.0 and KCO WIN restructuring and optimization programs totaling EUR 27 million. EBIT nearly tripled from EUR 19 million to EUR 56 million. Net income returned to positive figures, with an amount of EUR 13 million being posted compared with a loss of EUR 20 million in the prior-year period. Basic earnings per share rose accordingly from a negative EUR 0.19 to a positive EUR 0.13. Consequently, net debt also increased from EUR 407 million to EUR 579 million. The company provided earnings guidance for the third quarter and full year of 2014. For the third quarter, the company expects an EBITDA on the level of the second quarter, between EUR 50 million and EUR 60 million. The company expects a significant increase in EBITDA for full-year 2014 to between EUR 190 million and EUR 210 million, compared with EBITDA before restructuring expenses of EUR 150 million in the previous year. The main drivers of the targeted improvement in earnings will be the incremental contributions to EBITDA from the completed KCO 6.0 restructuring program and the KCO WIN optimization program. Riedo, the reinforcing steel specialist acquired in Switzerland, will also make the anticipated contribution. Based on this, the overall aim for the current fiscal year is to once again post positive net income, in which shareholders will participate in the form of a dividend. The company expects up to EUR 400 million in net debt.

Klöckner & Co SE Presents at DbAccess German, Swiss & Austrian Conference 2014, Jun-13-2014

Klöckner & Co SE Presents at DbAccess German, Swiss & Austrian Conference 2014, Jun-13-2014 . Venue: Hotel Adlon Kempinski, Berlin, Germany. Speakers: Marcus A. Ketter, Chief Financial Officer and Member of the Management Board.

Klöckner & Co SE Announces Group Earnings Results for the First Quarter Ended March 2014; Provides Earnings Guidance for the Second Quarter, First Half and Full Year of 2014

Klöckner & Co SE announced group earnings results for the first quarter ended March 2014. For the quarter, Sales nonetheless went down by 3.2% to EUR 1.6 billion due to the lower price level in Europe and the weaker U.S dollar. Due to an improvement in the gross profit margin from 18.6% to 19.2% as a result of focusing on higher-margin business meant that gross profit, at EUR 302 million compared to EUR 303 million in first quarter of 2013, was broadly level with the prior year despite the lower sales. Operating income (EBITDA) came to EUR 45 million, up from EUR 29 million in the prior-year period. The main driver of the improvement in earnings was the EUR 17 million reduction in costs delivered by the restructuring. Lower acquisition-related amortization made for an even stronger increase in earnings before interest and taxes (EBIT), from EUR 2 million to EUR 23 million. Net income, too, was significantly improved and back in positive figures at EUR 3 million, compared with a net loss of EUR 16 million in the prior-year period. Basic earnings per share went up accordingly from a negative EUR 0.16 in the prior-year period to a positive EUR 0.03. Net CapEx of EUR 6 million, free cash flow was negative EUR 71 million, which compares to negative EUR 41 million in the first quarter of 2013. Net debt increased from EUR 325 million to EUR 407 million. The main driver for the increase in net financial debt was the free cash flow of minus EUR 71 million. The company expects to see a seasonal increase in turnover in the second quarter of 2014. As a result, operating income (EBITDA) is projected to further improve to between EUR 50 million and EUR 60 million in the second quarter of 2014. The prior-year figure of EUR 150 million for EBITDA before restructuring expenses is expected to be clearly surpassed in the year as a whole. For the first half of 2014; the company’s EBITDA would mean about EUR 100 million. For the full year 2014, the company expects a slight sale increase of turnover, despite the restructuring measures. EBITDA should be significantly better than last year.

 

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Price/Cash Flow 23.1x
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