KLÖCKNER


Associated tags: Steel

Locations: EUROPE, USA, MEXICO, CENTRAL AMERICA, DEUTSCHLAND, NAMEN, EUROPA, DEUTSCHLAND, GERMANY, FRANKREICH, BELGIEN, DUISBURG, SCHWEIZ, NORDAMERIKA, UNITED KINGDOM, SWITZERLAND, BELGIUM, AUSTRIA, NETHERLANDS, NORTH AMERICA, FRANCE

EQS-News: Klöckner & Co presents solid operating income for 2023 and strengthens focus on attractive business areas and core markets

Retrieved on: 
Wednesday, March 13, 2024

The net result from continuing operations was close to break-even, with a net loss of €0.3 million.

Key Points: 
  • The net result from continuing operations was close to break-even, with a net loss of €0.3 million.
  • Klöckner & Co is therefore set to pay a dividend for the third year in a row.
  • The equity ratio was a very solid 45% at the year end, albeit below the prior-year level (December 31, 2022: 51%).
  • Klöckner & Co is thus focusing on its largest market of North America and its attractive European activities in Germany, Austria and Switzerland.

EQS-News: Changes to the Supervisory Board of Klöckner & Co SE

Retrieved on: 
Wednesday, March 13, 2024

In light of the upcoming replacement, the Supervisory Board will propose to the shareholders of Klöckner & Co SE in the invitation to the Annual General Meeting that Ms. Dagmar Steinert be elected to the company’s Supervisory Board.

Key Points: 
  • In light of the upcoming replacement, the Supervisory Board will propose to the shareholders of Klöckner & Co SE in the invitation to the Annual General Meeting that Ms. Dagmar Steinert be elected to the company’s Supervisory Board.
  • Dieter H. Vogel, Head of the Supervisory Board of Klöckner & Co SE: “For the last seven years, Ute Wolf has supported the Supervisory Board and the company with her great expertise and extensive knowledge.
  • On behalf of the Supervisory Board and the Management Board, we would like to express our sincere gratitude for her dedication.
  • If Dagmar Steinert is elected by the Annual General Meeting, she will become a member of the Audit Committee of the Supervisory Board.

EQS-News: Klöckner & Co successfully completes the sale of four European country organizations

Retrieved on: 
Wednesday, March 13, 2024

On December 22, 2023, Klöckner & Co announced the intention to sell parts of its European distribution business.

Key Points: 
  • On December 22, 2023, Klöckner & Co announced the intention to sell parts of its European distribution business.
  • As a result, the closed sale significantly reduces the company’s exposure to volatile low-margin commodity markets.
  • Guido Kerkhoff, CEO of Klöckner & Co: “With the completion of this transaction, we have reached a major milestone in optimizing our portfolio.
  • As a result, Klöckner & Co will from now on generate well over 50% of Group sales in North America.

EQS-News: Klöckner & Co becomes GEA’s first supplier of CO₂-reduced stainless steel

Retrieved on: 
Wednesday, March 13, 2024

Delivery of first batches of CO2-reduced stainless steel to the GEA production site in Bönen (North Rhine-Westphalia, Germany)

Key Points: 
  • Delivery of first batches of CO2-reduced stainless steel to the GEA production site in Bönen (North Rhine-Westphalia, Germany)
    The carbon footprint of the stainless steel is around 90% lower than conventional material; the product corresponds to the “Pro” category in the Nexigen® categorization for “green” stainless steel developed by Klöckner & Co
    Duisburg, Germany, February 27, 2024 – Klöckner & Co will be the first supplier of CO2-reduced stainless steel for the technology group GEA.
  • The coil will be delivered to the GEA production site in Bönen (NRW) via Klöckner & Co’s German subsidiary Becker Stainless.
  • The coil of the Klöckner brand Nexigen® for CO2-reduced products and services has a carbon footprint that is around 90% lower than that of conventional stainless steel.
  • This places it in the “Pro” category of Klöckner & Co’s specifically developed Nexigen® product categorization for CO2-reduced stainless steel.

EQS-News: Klöckner & Co intends to sell four European country organizations to strengthen focus on higher value-added business and streamline portfolio

Retrieved on: 
Monday, December 25, 2023

These offers have higher profitability and more stable demand due to the long-term contractual relationships and strong customization associated with the higher value-added business.

Key Points: 
  • These offers have higher profitability and more stable demand due to the long-term contractual relationships and strong customization associated with the higher value-added business.
  • Guido Kerkhoff, CEO of Klöckner & Co SE: “Selling parts of our European commodity distribution business would be a major milestone to focus on the less volatile higher value-added business.
  • This is in line with previous achievements such as our recent acquisitions which significantly contribute to this business model and portfolio optimization.
  • Closing, after an acceptance of the irrevocable offer, is expected to take place in the first half of 2024.