Klöckner & Co SE : Guidance for the full year
by Hans Diederichs
Based on preliminary figures the operating income (EBITDA) for the 2nd quarter 2019 is expected to be €51 million before material special effects and therefore at the lower end of the previously published guidance range. However, against the background of a further weakening outlook for the general economic development, Klöckner & Co SE lowers its previous guidance and is expecting an EBITDA of between €140 and €160 million for the full year before material special effects.
This adjustment is mainly driven by the negative impact on demand, particularly in the European automotive and machinery sector, as well as unexpected high negative price effects in the United States. The results for the second quarter 2019 will be published – as planned – on July 31, 2019.
Source. Klöckner & Co. SE Photo: Fotolia