08
Jun
15:09
Klöckner expects significant profit growth in second quarter
Distribution group Klöckner & Co expects a significantly stronger-than-forecast second-quarter profit, on the basis of further considerable steel price increases, Kallanish learns from an ad-hoc release.
Against this background, the company says it now expects an operating profit – Ebitda – before material special effects of €260-290 million ($317-353m), contrary to the previous expectation of €130-160m.
The announcement echoes a si…
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Anonymous
Very good overview of the weekly steel market.
Anonymous