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Kloeckner & Co SE (KCOGn.DE)

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Latest Key Developments (Source: Significant Developments)

Klöckner & Co invests in technology startup BigRep
Friday, 21 Apr 2017 03:30am EDT 

April 21 (Reuters) - Kloeckner & Co SE ::Invests in technology startup BigRep.Alongside financial investment, Klöckner & Co plans to use BigRep's industrial 3D printers in its extensive european and US site network going forward.This market segment has a promising outlook, with an annual growth rate of around 20 percent expected by 2020.  Full Article

Kloeckner CEO says 2017 guidance has upward potential
Wednesday, 1 Mar 2017 06:00am EST 

Kloeckner & Co CEO : Says forecast for 2017 is conservative, has potential upward . Says steel prices rose 80 percent in Europe, 40 percent in United States, returning to level of early 2015 . Says not in any concrete talks over a consolidation in steel trading . Says aims to pay dividend of at least 0.20 eurper share for 2017 Further company coverage: [KCOGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Kloeckner & Co FY EBITDA at five-year high of 196 mln euros
Wednesday, 1 Mar 2017 01:09am EST 

Kloeckner & Co SE : Dividend 0.20 euros per share . FY operating income (EBITDA) at five-year high of 196 million euros ($206.88 million) . FY net income once again positive at 38 million euros after loss in previous year . Further growth in operating income forecast for current year . Kloeckner & Co SE - for current fiscal year, Kloeckner & Co expects a slight rise in real steel demand in both primary sales markets, Europe and USA . FY sales declined by 11.1%, from 6,444 million euros to 5,730 million euros . Sales in Klöckner & co group are projected to grow slightly more strongly than demand . Steel prices were lower on average but rose over course of year. This had a negative effect on sales but a positive effect on earnings . Kloeckner & co se - current fy operating income (EBITDA) is also forecast to increase slightly, buoyed by further optimization measures .Kloeckner - higher steel prices at beginning of year should lead to very substantial growth in Q1 with EBITDA between 65 million and 75 million euros.  Full Article

Kloeckner & Co builds service center in North Rhine-Westphalia
Thursday, 22 Sep 2016 04:18am EDT 

Kloeckner & Co SE : Kloeckner & Co gives go-ahead for phase 2 of major investment in aluminum processing .Plant is expected to reach its full 80,000 ton-per- year aluminum processing capacity in 2018.  Full Article

Kloeckner & Co prices convertible bond
Thursday, 1 Sep 2016 12:40pm EDT 

Kloeckner & Co Se : Says convertible bond with coupon of 2.00% p.a. And 7 years maturity . Says conversion price set at eur 14.82 / premium of 27.5% . Says proceeds of eur 147.8 million for general corporate purposes .Says successful placement of eur 147.8 million unsubordinated unsecured convertible bonds.  Full Article

Kloeckner & Co launches offer of approx. 150 million euros convertible bonds
Thursday, 1 Sep 2016 02:13am EDT 

Kloeckner & Co SE : Launches offer of approx. 150 million euros ($167.15 million) guaranteed senior unsecured convertible bonds due 2023 convertible into shares of Kloeckner & Co . Intends to use proceeds from issue of bonds for general corporate purposes . Offering size will be approximately 150 million euros with up to 9.98 million shares underlying bonds .Coupon is expected to be between 1.75 pct and 2.50 pct per annum.  Full Article

Kloeckner says U.S. sheet steel prices could fall 15 pct
Thursday, 4 Aug 2016 06:03am EDT 

Kloeckner & Co : CEO affirms aims to pay dividend for 2016 . CEO says to cut about 100 jobs as part of new savings programme . Says no closures planned as part of new savings programme . Says steel prices have risen by about 25 pct since trough in mid-2015 . Says prices for sheet steel in the U.S. could fall by 15 pct by yr-endFurther company coverage: [KCOGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Kloeckner & Co expects Q2 EBITDA of about 70 million euros
Monday, 11 Jul 2016 05:57am EDT 

Kloeckner & Co SE : Significant increase in earnings in the second quarter . Operating income (EBITDA) for Q2 is now expected to be in order of around 70 million euros ($77.21 million) . Increase of EBITDA compared to previous year's figure is expected for Q3 as well, despite current consolidation of steel prices .Also for year as a whole, expectation of a considerable increase in EBITDA compared to previous year's figure adjusted for restructuring expenses is confirmed.  Full Article

Kloeckner & Co SE confirms outlook for FY 2016
Wednesday, 4 May 2016 01:00am EDT 

Kloeckner & Co SE:Positive outlook for the second quarter; full-year 2016 earnings targets confirmed.  Full Article

Kloeckner & Co SE issues FY 2016 outlook in line with analysts' estimates
Tuesday, 1 Mar 2016 01:00am EST 

Kloeckner & Co SE:Sees slight dip in sales, significant increase in EBITDA and marginally positive net profit in 2016.FY 2016 revenue 6,384 million euros - Thomson Reuters I/B/E/S.FY 2016 EBITDA 146.84 million euros - Thomson Reuters I/B/E/S.FY 2016 net income 12.63 million euros - Thomson Reuters I/B/E/S.  Full Article

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Hierros Anon buys Kloeckner & Co's Spanish unit

FRANKFURT Steelmaker Hierros Anon SA has signed a deal to buy the Spanish activities of Kloeckner & Co , which generated revenues of 120 million euros ($128 million) in the past fiscal year, accounting for about 2 percent of Kloeckner's group sales.