The document provides an overview of Klöckner & Co SE, a leading steel and metal distributor in Europe and North America. It discusses the company's strategy of profitable growth through acquisitions and optimization programs. Klöckner reports record results for Q2/H1 2008, with sales up 16.5% and EBITDA up 107%. Management raises full-year 2008 guidance, expecting sales over €7 billion and EBITDA over €770 million due to acquisitions, optimization programs, and favorable market conditions.
Klöckner & Co - German Investment Conference 2008Klöckner & Co SE
Klöckner & Co SE reported record results for the first half of 2008, with sales increasing 16.5% and EBITDA growing 65% compared to the same period last year. The company attributed the strong performance to acquisitions, price increases in the steel market, and progress on its business optimization program. For the full year, Klöckner forecasts sales exceeding €7 billion and EBITDA over €500 million, excluding divestments. The presentation provided an overview of Klöckner's strategy, markets, financial results, and outlook.
Klöckner & Co - Global Steel and Mining Conference 2008Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading steel and metal distributor in Europe and North America. It discusses the company's strategy of profitable growth through acquisitions and optimization programs. Klöckner reports record results for Q2/H1 2008, with sales up 16.5% and EBITDA up 107%. Management raises full-year 2008 guidance, expecting sales over €7 billion and EBITDA over €770 million. The strong performance is attributed to acquisitions, the STAR optimization program, and favorable market conditions.
Klöckner & Co - West Coast International Conference 2008Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 distribution locations in Europe and North America. In the first half of 2008, the company achieved record results with sales of €3.58 billion, up 12% from the prior year, and EBITDA of €321 million, up 65%. Klöckner expects full year sales over €7 billion and EBITDA over €500 million. The company will continue its strategy of profitable growth through acquisitions and optimization programs to improve purchasing, logistics, and distribution.
Klöckner & Co - Roadshow Presentation September 2008Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 distribution locations in Europe and North America. In this presentation, the CFO provides an overview of the company's strategy, strong financial performance in Q2/H1 2008, and outlook for the full year 2008. Key points include continued acquisition-driven growth, on-track optimization programs contributing to earnings, record half-year results, and an increased full-year outlook with sales over €7 billion and EBITDA over €770 million.
Klöckner & Co - Roadshow Presentation October 2008Klöckner & Co SE
Klöckner & Co SE reported record results for Q2 and H1 2008. The company expects sales to exceed €7 billion for full year 2008 with EBITDA over €500 million. Klöckner & Co is a leading steel and metals distributor in Europe and North America, with over 260 locations and more than 10,000 employees. The company aims to grow profitably through value-added distribution and services, and expansion including acquisitions of companies like Temtco in the US in 2008.
Klöckner & Co - Merrill Lynch - All Stars 2008 ConferenceKlöckner & Co SE
This document provides an overview of Klöckner & Co AG, a leading multi-metal distributor. It discusses the company's market position, growth initiatives, financial performance, and outlook. Specifically, it notes that Klöckner has a network of over 260 locations in Europe and North America, employs around 10,000 people, and generated €6.27 billion in sales and €371 million in EBITDA in 2007. It outlines the company's strategy to grow organically and through acquisitions, as well as initiatives to optimize purchasing and distribution networks.
- Klöckner & Co reported record results for Q2 and H1 2008, with sales up 16.5% and 12% respectively due to price increases and acquisitions. EBITDA increased 107% and 65% for the periods.
- The steel market environment remained strong in H1 but is slowing due to weaker economies, though prices remain high. Klöckner's outlook for H2 remains positive.
- The company continues to expand through acquisitions, recently acquiring Temtco, a US plate distributor, and increasing its shareholding in other companies.
Klöckner & Co - Capital Goods & Steel ConferenceKlöckner & Co SE
This document provides an overview and financial review of Klöckner & Co SE, a leading multi-metal distributor. Some key points:
1) Klöckner & Co has a network of over 260 distribution locations in Europe and North America, over 10,000 employees, and sales of over €7 billion expected for 2008.
2) The company pursues a strategy of profitable growth through acquisitions and business optimization programs. Acquisitions in 2007 and 2008 are expected to contribute over €150 million in EBITDA in 2008.
3) Financial results for Q2/H1 2008 set new records, with sales up 16.5% and EBITDA up 65% from
Klöckner & Co - German Investment Conference 2008Klöckner & Co SE
Klöckner & Co SE reported record results for the first half of 2008, with sales increasing 16.5% and EBITDA growing 65% compared to the same period last year. The company attributed the strong performance to acquisitions, price increases in the steel market, and progress on its business optimization program. For the full year, Klöckner forecasts sales exceeding €7 billion and EBITDA over €500 million, excluding divestments. The presentation provided an overview of Klöckner's strategy, markets, financial results, and outlook.
Klöckner & Co - Global Steel and Mining Conference 2008Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading steel and metal distributor in Europe and North America. It discusses the company's strategy of profitable growth through acquisitions and optimization programs. Klöckner reports record results for Q2/H1 2008, with sales up 16.5% and EBITDA up 107%. Management raises full-year 2008 guidance, expecting sales over €7 billion and EBITDA over €770 million. The strong performance is attributed to acquisitions, the STAR optimization program, and favorable market conditions.
Klöckner & Co - West Coast International Conference 2008Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 distribution locations in Europe and North America. In the first half of 2008, the company achieved record results with sales of €3.58 billion, up 12% from the prior year, and EBITDA of €321 million, up 65%. Klöckner expects full year sales over €7 billion and EBITDA over €500 million. The company will continue its strategy of profitable growth through acquisitions and optimization programs to improve purchasing, logistics, and distribution.
Klöckner & Co - Roadshow Presentation September 2008Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 distribution locations in Europe and North America. In this presentation, the CFO provides an overview of the company's strategy, strong financial performance in Q2/H1 2008, and outlook for the full year 2008. Key points include continued acquisition-driven growth, on-track optimization programs contributing to earnings, record half-year results, and an increased full-year outlook with sales over €7 billion and EBITDA over €770 million.
Klöckner & Co - Roadshow Presentation October 2008Klöckner & Co SE
Klöckner & Co SE reported record results for Q2 and H1 2008. The company expects sales to exceed €7 billion for full year 2008 with EBITDA over €500 million. Klöckner & Co is a leading steel and metals distributor in Europe and North America, with over 260 locations and more than 10,000 employees. The company aims to grow profitably through value-added distribution and services, and expansion including acquisitions of companies like Temtco in the US in 2008.
Klöckner & Co - Merrill Lynch - All Stars 2008 ConferenceKlöckner & Co SE
This document provides an overview of Klöckner & Co AG, a leading multi-metal distributor. It discusses the company's market position, growth initiatives, financial performance, and outlook. Specifically, it notes that Klöckner has a network of over 260 locations in Europe and North America, employs around 10,000 people, and generated €6.27 billion in sales and €371 million in EBITDA in 2007. It outlines the company's strategy to grow organically and through acquisitions, as well as initiatives to optimize purchasing and distribution networks.
- Klöckner & Co reported record results for Q2 and H1 2008, with sales up 16.5% and 12% respectively due to price increases and acquisitions. EBITDA increased 107% and 65% for the periods.
- The steel market environment remained strong in H1 but is slowing due to weaker economies, though prices remain high. Klöckner's outlook for H2 remains positive.
- The company continues to expand through acquisitions, recently acquiring Temtco, a US plate distributor, and increasing its shareholding in other companies.
Klöckner & Co - Capital Goods & Steel ConferenceKlöckner & Co SE
This document provides an overview and financial review of Klöckner & Co SE, a leading multi-metal distributor. Some key points:
1) Klöckner & Co has a network of over 260 distribution locations in Europe and North America, over 10,000 employees, and sales of over €7 billion expected for 2008.
2) The company pursues a strategy of profitable growth through acquisitions and business optimization programs. Acquisitions in 2007 and 2008 are expected to contribute over €150 million in EBITDA in 2008.
3) Financial results for Q2/H1 2008 set new records, with sales up 16.5% and EBITDA up 65% from
Klöckner & Co - Roadshow Presentation April 2009Klöckner & Co SE
- The document provides an overview of Klöckner & Co SE, a leading multi-metal distributor, including its financial results for 2008, market updates, and strategic plans.
- In 2008, Klöckner achieved record revenues and EBITDA, but saw a decline in the fourth quarter due to falling demand. It reduced net debt significantly through working capital management and divestitures.
- The steel market outlook remains challenging with oversupply and falling prices pressuring demand. Klöckner has implemented cost-cutting measures and updated scenarios for a potential 12-18% volume decline in 2009.
This document summarizes Klöckner & Co's full year 2007 results presentation. It highlights that Klöckner achieved strong results in 2007 and met its revised guidance. Its business optimization program "STAR" is on track. The company saw continued profitable growth through acquisitions and organic expansion. For 2008, Klöckner expects EBITDA to be higher than 2007, supported by the favorable market conditions in the first quarter and additional benefits from the STAR program and acquisitions made in 2007. The presentation provides details on Klöckner's financial results, market conditions, growth strategy and outlook.
Klöckner & Co reported strong full year 2008 results despite challenges in Q4. Revenues increased 7.6% to €6.7 billion and EBITDA rose 62% to €600 million. Net debt was reduced significantly. However, market conditions deteriorated rapidly in late 2008. Steel prices and demand fell sharply in Europe and the US as inventory levels rose. Klöckner implemented cost cutting measures and updated its STAR program to address the downturn. Three scenarios for a difficult 2009 were presented, with ongoing risks from demand, prices and high inventory levels.
Klöckner & Co - Roadshow Presentation February, 2008Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, a leading multi metal distributor, presented an overview and market expectations for 2008. Steel prices in Europe and North America increased significantly in January/February 2008 and are expected to continue rising throughout Q1 and Q2. Klöckner reported preliminary FY 2007 results above guidance with sales of €6.3 billion and EBITDA of €365 million. For 9M 2007, underlying EBITDA improved by €52 million driven by the STAR program's purchasing and distribution initiatives. Rühl outlined Klöckner's growth strategy of acquisitions, organic expansion, and continued STAR optimization to drive further profitable growth.
Klöckner & Co - Roadshow Presentation March, 2008Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, a leading multi metal distributor, presented an overview of market expectations and Klöckner & Co's performance for 2008. He discussed expectations for price increases and healthy underlying demand in Europe and North America in the first half of 2008. Rühl also reviewed Klöckner & Co's preliminary figures for FY 2007, financial results for Q3 2007, and growth initiatives including acquisitions and the STAR program aimed at improving purchasing and distribution.
This document provides an overview and financial highlights of Klöckner & Co AG, a leading multi-metal distributor. It discusses the company's market position, current market developments, growth initiatives, and financial outlook. Key points include that Klöckner has a network of over 260 locations in Europe and North America, experienced profitable growth in Q1 2008, and expects the strong steel market to continue through Q3. The company is pursuing further growth through acquisitions, business optimization programs, and expanding into new markets.
Klöckner & Co - Roadshow Presentation June, 2008Klöckner & Co SE
The document provides an overview and financial highlights of Klöckner & Co AG, a leading multi metal distributor. Some key points:
- Klöckner & Co has over 260 distribution locations in Europe and North America and more than 10,000 employees.
- In Q1 2008, sales increased 7.1% to €1,660 million compared to Q1 2007, while EBITDA rose 18.3% and EBIT increased 18.6%.
- Acquisitions have been a key part of Klöckner's growth strategy, with 12 acquisitions completed in 2007 adding €567 million in sales.
Klöckner & Co - Pan European Mid & Small Caps ConferenceKlöckner & Co SE
This document provides an overview of Klöckner & Co AG, a leading multi-metal distributor. Some key points:
- Klöckner & Co has over 260 distribution locations in Europe and North America and more than 10,000 employees.
- In Q1 2008, sales increased 7.1% to €1,660 million compared to Q1 2007. EBITDA rose 18.3% to €109 million.
- The steel market continues to develop strongly, with high capacity utilization and price increases expected through Q3 2008.
- Klöckner & Co pursues profitable growth through acquisitions, business optimization programs, and expanding higher margin products and services.
Klöckner & Co - Q3 2007 results November 14, 2007Klöckner & Co SE
Klöckner & Co AG reported financial results for Q3 and 9M 2007 that were lower than expected due to weaker steel price development and declining demand. EBITDA for 9M 2007 was €288 million, 10% below 2006 levels. The company revised full-year 2007 EBITDA guidance to be approximately 10% below 2006. Despite challenges, the company achieved its target of 12 acquisitions for 2007 and its business optimization program "STAR" remained on track. Market conditions in Q4 2007 and Q1 2008 were expected to be difficult but show signs of improvement.
Klöckner & Co - UBS Global Basic Materials ConferenceKlöckner & Co SE
Klöckner & Co AG is a leading multi-metal distributor with over 260 distribution locations in Europe and North America. In Q1 2008, the company saw sales increase 7.1% to €1.66 billion and EBITDA rise 18.3% to €109 million due to strong steel price increases and acquisitions. Klöckner plans further profitable growth through additional acquisitions, expansion into new markets, increasing higher-margin products and services, and optimization programs to improve purchasing and distribution.
Klöckner & Co AG reported strong results for Q1 2008, with sales up 7.1% and EBITDA increasing 18.3% compared to Q1 2007. The company benefited from price increases and further expanded through acquisitions. Klöckner expects continued profitable growth in 2008, supported by a favorable steel market environment and contributions from acquisitions and optimization programs. Management raised full-year 2008 guidance and now expects results to exceed 2007 levels.
Klöckner & Co - German & Austrian Corporate ConferenceKlöckner & Co SE
- Klöckner & Co AG is a leading multi-metal distributor with over 260 distribution locations in Europe and North America and more than 10,000 employees.
- In Q1 2008, the company saw sales increase 7.1% to €1,660 million with EBITDA rising 18.3% to €109 million due to strong steel price increases and acquisitions.
- The company expects the strong steel market development to continue in Q2 and Q3 2008, supported by high capacity utilization, low stock levels, and further announced price increases.
Klöckner & Co - Dresdner Kleinwort - German Investment Seminar 2009Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 locations in Europe and North America. In the first 9 months of 2008, sales increased 12% to €5.355 billion due to acquisitions and higher prices, while EBITDA more than doubled to €735 million from windfall profits. However, steel prices and demand have sharply declined, forcing production cuts. Klöckner has implemented cost reduction measures and aims to reduce working capital and debt. The company has ample credit facilities and no debt maturing before 2010.
+49 203 307 2123
Fax: +49 203 307 2040
E-mail: christina.kiessling@kloeckner.com
E-mail: jenny.hilgers@kloeckner.com
Klöckner & Co SE
Am Silberpalais 1
47057 Duisburg
Germany
www.kloeckner.com
IR contact details
26
Largest independent multi metal distributor
- Leading independent distributor of steel and metal products
- Broad product portfolio including steel, stainless steel, aluminum and other metals
- Strong market positions in Europe and North America
- Over 160 service
Klöckner & Co - Roadshow Presentation April, 2008Klöckner & Co SE
This document provides an overview and agenda for a presentation on Klöckner & Co AG, a leading multi-metal distributor. The agenda includes discussing the current market, growth initiatives, and financial outlook. Key points include Klöckner & Co's global reach and product/customer diversity, expectations of rising steel prices in Europe and North America in 2008, and growth through acquisitions to expand geographic coverage and product portfolio. The most recent acquisition of Temtco Steel in the US is highlighted as supporting Klöckner & Co's leading plate distribution position in North America.
Klöckner & Co - German & Austrian Corporate Conference 2009Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading steel and metal distributor. It discusses the company's business model, performance in Q1 2009, and outlook. Key points include:
- Sales and volumes in Q1 2009 were around a third lower than the previous year due to the economic environment. The company reported a negative operating result.
- Net debt was further reduced to €322 million through strong cash flow generation and inventory reduction.
- Cost cutting measures remain on track and the company's credit lines totaling €1.6 billion were restructured without performance covenants.
- While results are expected to improve in Q2, the business remains negatively impacted by the
Klöckner & Co - Roadshow Presentation January, 2008Klöckner & Co SE
This document provides an overview and financial report from Klöckner & Co for Q3 2007:
1. Market developments in Q4 2007 were in line with expectations, with slight improvements in Europe and declining imports and destocking in North America. Promising growth is expected in 2008.
2. Klöckner & Co's financial results for Q3 2007 were lower than expected due to weaker demand and pricing pressures. However, results remained strong overall. Underlying EBITDA improved due to acquisition and optimization initiatives.
3. Klöckner & Co will pursue further profitable growth through acquisitions, organic expansion, and optimization programs to increase purchasing power and streamline operations. The ST
Klöckner & Co - Roadshow Presentation December, 2007Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, provided an overview of the company's performance in Q3 and expectations for Q4 2007 and 2008. Key points include:
- Q3 2007 results were lower than expected due to softer demand and price declines. Full year 2007 EBITDA is expected to be around 10% lower than 2006.
- Market conditions are expected to improve slightly in Q4 2007 and promising growth is expected in North America in Q1 2008 and globally in 2008.
- Acquisitions will continue to be a focus for growth, with 12 acquisitions already completed in 2007 aimed at expanding geographically and into new products.
- The STAR
Klöckner & Co - Roadshow Presentation November 23, 2007Klöckner & Co SE
This document provides an overview and summary of Klöckner & Co's Q3 and 9M 2007 financial results as well as market expectations for Q4 2007 and beyond. Some key points:
- Q3 and 9M 2007 results were lower than expected due to softer demand and declining prices, though volumes were satisfactory. Margins decreased, especially for stainless steel.
- The market is expected to see a slight improvement in Q4 2007 and a promising start to 2008, with recovery in prices. Rising raw material costs may increase steel prices in 2008.
- Klöckner & Co will see lower margins than guided for 2007 due to market pressures. Additional acquisitions are accelerating the company
Klöckner & Co - German Investment Conference 2010Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with a network of around 250 distribution locations in Europe and North America. In the second quarter of 2010, Klöckner saw strong growth in sales and volumes compared to the previous year due to economic recovery, price increases, and acquisitions. While steel prices have softened recently, Klöckner expects continued growth in the second half of 2010 and full year sales to increase over 25% with an EBITDA over €200 million.
The document discusses supply chain and supply chain management. It defines supply chain as the network of companies involved in producing, handling, and distributing a product. It also describes supply chain management as efforts to develop efficient supply chains that are fast and cost effective. The document provides examples of sustainable supply chain management and lists the top 25 companies practicing it.
Klöckner & Co - Roadshow Presentation April 2009Klöckner & Co SE
- The document provides an overview of Klöckner & Co SE, a leading multi-metal distributor, including its financial results for 2008, market updates, and strategic plans.
- In 2008, Klöckner achieved record revenues and EBITDA, but saw a decline in the fourth quarter due to falling demand. It reduced net debt significantly through working capital management and divestitures.
- The steel market outlook remains challenging with oversupply and falling prices pressuring demand. Klöckner has implemented cost-cutting measures and updated scenarios for a potential 12-18% volume decline in 2009.
This document summarizes Klöckner & Co's full year 2007 results presentation. It highlights that Klöckner achieved strong results in 2007 and met its revised guidance. Its business optimization program "STAR" is on track. The company saw continued profitable growth through acquisitions and organic expansion. For 2008, Klöckner expects EBITDA to be higher than 2007, supported by the favorable market conditions in the first quarter and additional benefits from the STAR program and acquisitions made in 2007. The presentation provides details on Klöckner's financial results, market conditions, growth strategy and outlook.
Klöckner & Co reported strong full year 2008 results despite challenges in Q4. Revenues increased 7.6% to €6.7 billion and EBITDA rose 62% to €600 million. Net debt was reduced significantly. However, market conditions deteriorated rapidly in late 2008. Steel prices and demand fell sharply in Europe and the US as inventory levels rose. Klöckner implemented cost cutting measures and updated its STAR program to address the downturn. Three scenarios for a difficult 2009 were presented, with ongoing risks from demand, prices and high inventory levels.
Klöckner & Co - Roadshow Presentation February, 2008Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, a leading multi metal distributor, presented an overview and market expectations for 2008. Steel prices in Europe and North America increased significantly in January/February 2008 and are expected to continue rising throughout Q1 and Q2. Klöckner reported preliminary FY 2007 results above guidance with sales of €6.3 billion and EBITDA of €365 million. For 9M 2007, underlying EBITDA improved by €52 million driven by the STAR program's purchasing and distribution initiatives. Rühl outlined Klöckner's growth strategy of acquisitions, organic expansion, and continued STAR optimization to drive further profitable growth.
Klöckner & Co - Roadshow Presentation March, 2008Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, a leading multi metal distributor, presented an overview of market expectations and Klöckner & Co's performance for 2008. He discussed expectations for price increases and healthy underlying demand in Europe and North America in the first half of 2008. Rühl also reviewed Klöckner & Co's preliminary figures for FY 2007, financial results for Q3 2007, and growth initiatives including acquisitions and the STAR program aimed at improving purchasing and distribution.
This document provides an overview and financial highlights of Klöckner & Co AG, a leading multi-metal distributor. It discusses the company's market position, current market developments, growth initiatives, and financial outlook. Key points include that Klöckner has a network of over 260 locations in Europe and North America, experienced profitable growth in Q1 2008, and expects the strong steel market to continue through Q3. The company is pursuing further growth through acquisitions, business optimization programs, and expanding into new markets.
Klöckner & Co - Roadshow Presentation June, 2008Klöckner & Co SE
The document provides an overview and financial highlights of Klöckner & Co AG, a leading multi metal distributor. Some key points:
- Klöckner & Co has over 260 distribution locations in Europe and North America and more than 10,000 employees.
- In Q1 2008, sales increased 7.1% to €1,660 million compared to Q1 2007, while EBITDA rose 18.3% and EBIT increased 18.6%.
- Acquisitions have been a key part of Klöckner's growth strategy, with 12 acquisitions completed in 2007 adding €567 million in sales.
Klöckner & Co - Pan European Mid & Small Caps ConferenceKlöckner & Co SE
This document provides an overview of Klöckner & Co AG, a leading multi-metal distributor. Some key points:
- Klöckner & Co has over 260 distribution locations in Europe and North America and more than 10,000 employees.
- In Q1 2008, sales increased 7.1% to €1,660 million compared to Q1 2007. EBITDA rose 18.3% to €109 million.
- The steel market continues to develop strongly, with high capacity utilization and price increases expected through Q3 2008.
- Klöckner & Co pursues profitable growth through acquisitions, business optimization programs, and expanding higher margin products and services.
Klöckner & Co - Q3 2007 results November 14, 2007Klöckner & Co SE
Klöckner & Co AG reported financial results for Q3 and 9M 2007 that were lower than expected due to weaker steel price development and declining demand. EBITDA for 9M 2007 was €288 million, 10% below 2006 levels. The company revised full-year 2007 EBITDA guidance to be approximately 10% below 2006. Despite challenges, the company achieved its target of 12 acquisitions for 2007 and its business optimization program "STAR" remained on track. Market conditions in Q4 2007 and Q1 2008 were expected to be difficult but show signs of improvement.
Klöckner & Co - UBS Global Basic Materials ConferenceKlöckner & Co SE
Klöckner & Co AG is a leading multi-metal distributor with over 260 distribution locations in Europe and North America. In Q1 2008, the company saw sales increase 7.1% to €1.66 billion and EBITDA rise 18.3% to €109 million due to strong steel price increases and acquisitions. Klöckner plans further profitable growth through additional acquisitions, expansion into new markets, increasing higher-margin products and services, and optimization programs to improve purchasing and distribution.
Klöckner & Co AG reported strong results for Q1 2008, with sales up 7.1% and EBITDA increasing 18.3% compared to Q1 2007. The company benefited from price increases and further expanded through acquisitions. Klöckner expects continued profitable growth in 2008, supported by a favorable steel market environment and contributions from acquisitions and optimization programs. Management raised full-year 2008 guidance and now expects results to exceed 2007 levels.
Klöckner & Co - German & Austrian Corporate ConferenceKlöckner & Co SE
- Klöckner & Co AG is a leading multi-metal distributor with over 260 distribution locations in Europe and North America and more than 10,000 employees.
- In Q1 2008, the company saw sales increase 7.1% to €1,660 million with EBITDA rising 18.3% to €109 million due to strong steel price increases and acquisitions.
- The company expects the strong steel market development to continue in Q2 and Q3 2008, supported by high capacity utilization, low stock levels, and further announced price increases.
Klöckner & Co - Dresdner Kleinwort - German Investment Seminar 2009Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 locations in Europe and North America. In the first 9 months of 2008, sales increased 12% to €5.355 billion due to acquisitions and higher prices, while EBITDA more than doubled to €735 million from windfall profits. However, steel prices and demand have sharply declined, forcing production cuts. Klöckner has implemented cost reduction measures and aims to reduce working capital and debt. The company has ample credit facilities and no debt maturing before 2010.
+49 203 307 2123
Fax: +49 203 307 2040
E-mail: christina.kiessling@kloeckner.com
E-mail: jenny.hilgers@kloeckner.com
Klöckner & Co SE
Am Silberpalais 1
47057 Duisburg
Germany
www.kloeckner.com
IR contact details
26
Largest independent multi metal distributor
- Leading independent distributor of steel and metal products
- Broad product portfolio including steel, stainless steel, aluminum and other metals
- Strong market positions in Europe and North America
- Over 160 service
Klöckner & Co - Roadshow Presentation April, 2008Klöckner & Co SE
This document provides an overview and agenda for a presentation on Klöckner & Co AG, a leading multi-metal distributor. The agenda includes discussing the current market, growth initiatives, and financial outlook. Key points include Klöckner & Co's global reach and product/customer diversity, expectations of rising steel prices in Europe and North America in 2008, and growth through acquisitions to expand geographic coverage and product portfolio. The most recent acquisition of Temtco Steel in the US is highlighted as supporting Klöckner & Co's leading plate distribution position in North America.
Klöckner & Co - German & Austrian Corporate Conference 2009Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading steel and metal distributor. It discusses the company's business model, performance in Q1 2009, and outlook. Key points include:
- Sales and volumes in Q1 2009 were around a third lower than the previous year due to the economic environment. The company reported a negative operating result.
- Net debt was further reduced to €322 million through strong cash flow generation and inventory reduction.
- Cost cutting measures remain on track and the company's credit lines totaling €1.6 billion were restructured without performance covenants.
- While results are expected to improve in Q2, the business remains negatively impacted by the
Klöckner & Co - Roadshow Presentation January, 2008Klöckner & Co SE
This document provides an overview and financial report from Klöckner & Co for Q3 2007:
1. Market developments in Q4 2007 were in line with expectations, with slight improvements in Europe and declining imports and destocking in North America. Promising growth is expected in 2008.
2. Klöckner & Co's financial results for Q3 2007 were lower than expected due to weaker demand and pricing pressures. However, results remained strong overall. Underlying EBITDA improved due to acquisition and optimization initiatives.
3. Klöckner & Co will pursue further profitable growth through acquisitions, organic expansion, and optimization programs to increase purchasing power and streamline operations. The ST
Klöckner & Co - Roadshow Presentation December, 2007Klöckner & Co SE
Gisbert Rühl, CFO of Klöckner & Co, provided an overview of the company's performance in Q3 and expectations for Q4 2007 and 2008. Key points include:
- Q3 2007 results were lower than expected due to softer demand and price declines. Full year 2007 EBITDA is expected to be around 10% lower than 2006.
- Market conditions are expected to improve slightly in Q4 2007 and promising growth is expected in North America in Q1 2008 and globally in 2008.
- Acquisitions will continue to be a focus for growth, with 12 acquisitions already completed in 2007 aimed at expanding geographically and into new products.
- The STAR
Klöckner & Co - Roadshow Presentation November 23, 2007Klöckner & Co SE
This document provides an overview and summary of Klöckner & Co's Q3 and 9M 2007 financial results as well as market expectations for Q4 2007 and beyond. Some key points:
- Q3 and 9M 2007 results were lower than expected due to softer demand and declining prices, though volumes were satisfactory. Margins decreased, especially for stainless steel.
- The market is expected to see a slight improvement in Q4 2007 and a promising start to 2008, with recovery in prices. Rising raw material costs may increase steel prices in 2008.
- Klöckner & Co will see lower margins than guided for 2007 due to market pressures. Additional acquisitions are accelerating the company
Klöckner & Co - German Investment Conference 2010Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with a network of around 250 distribution locations in Europe and North America. In the second quarter of 2010, Klöckner saw strong growth in sales and volumes compared to the previous year due to economic recovery, price increases, and acquisitions. While steel prices have softened recently, Klöckner expects continued growth in the second half of 2010 and full year sales to increase over 25% with an EBITDA over €200 million.
The document discusses supply chain and supply chain management. It defines supply chain as the network of companies involved in producing, handling, and distributing a product. It also describes supply chain management as efforts to develop efficient supply chains that are fast and cost effective. The document provides examples of sustainable supply chain management and lists the top 25 companies practicing it.
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Ravi Singh Jaiswar is a software testing engineer with 3 years of experience in manual and automation testing. He has expertise in Selenium, mobile testing of iOS and Android apps, and knowledge of SDLC, STLC and testing frameworks. His most recent projects include testing a website for managing 50 US states and sports recruitment platform. He is seeking a position that allows him to apply his technical, testing and communication skills.
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Klöckner & Co - Roadshow Presentation November 2008Klöckner & Co SE
This document provides an overview and financial review of Klöckner & Co SE, a leading steel and metals distributor. Some key points:
- Klöckner has a network of over 260 distribution locations in Europe and North America and over 10,000 employees.
- Q3 and 9M 2008 results showed strong growth over prior year periods, but a weak economic outlook is expected for 2009.
- Global steel markets are currently under severe pressure due to a sharp decline in prices and slowing demand. Major steel producers have announced production cuts.
- In response, Klöckner has implemented a cost-cutting program to reduce operating expenses in 2009 by €20 million and is postponing acqu
Klöckner & Co - Roadshow Presentation December 2008Klöckner & Co SE
This document provides an overview and update from the CFO of Klöckner & Co SE, a leading steel and metals distributor. It summarizes Klöckner's financial performance in Q3 2008, confirms a record result for 2008 despite a weak economic outlook. It also outlines Klöckner's strategy update, including cost cutting measures in response to the economic slowdown, and adjustments to its financial targets and outlook for 2008 with sales expected to be slightly below €7 billion.
Klöckner & Co - German Industrials Conference 2008Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with over 260 distribution locations in Europe and North America. The document provides an overview of Klöckner & Co, including its market update, strategy update, Q3 financial review, and targets and outlook. Key points include:
- Klöckner & Co confirmed a record result for 2008 but provided a weak outlook for 2009 due to the economic environment.
- The company has implemented an immediate action program in response, including cost cutting measures expected to reduce operating expenses by €20 million in 2009.
- Financially, Klöckner & Co reported strong results for Q3 and 9M 2008, with E
This document summarizes the full year 2008 results and Q4 2008 results of Klöckner & Co SE, a leading multi-metal distributor. It discusses the company's financial highlights, including a 7.6% increase in revenues to €6.7 billion and a 62% increase in reported EBITDA to €600 million. However, Q4 2008 saw a decline in volumes and sales. The document also addresses the current state of the steel market, with weak demand and high stock levels dominating the outlook. It outlines the company's actions taken to manage costs and liquidity in response to the market conditions.
Klöckner & Co - Roadshow Presentation August 2009Klöckner & Co SE
Klöckner & Co reported results for Q2 2009 and H1 2009. While volumes declined significantly year-over-year due to the economic downturn, EBITDA improved versus Q1 2009 due to cost cutting measures and stabilized market conditions. Net debt was further reduced through strong cash flow generation and net working capital management. The company outlined its strategy to manage the crisis, pursue growth opportunities through acquisitions and organic growth, and maintain structural cost improvements going forward.
Klöckner & Co - UBS Global Basic Materials Conference 2009Klöckner & Co SE
This document provides an overview of Klöckner & Co SE, a leading steel and metals distributor. It discusses the company's Q1 2009 results, which showed a significant year-over-year decline in sales and profitability due to the economic downturn. However, the company has taken actions to improve its financial position through cost reductions, working capital management, and refinancing its debt. While the near-term outlook remains challenging, the company believes its business model is well-positioned for an eventual market recovery.
The document summarizes Klöckner & Co SE's performance in Q1 2009 and outlook. Some key points:
- Sales and volumes in Q1 2009 were around a third lower than the previous year due to weak economic conditions. EBITDA was negative €132 million compared to positive €109 million in Q1 2008.
- Net debt was further reduced to €322 million, and is currently down to €250 million due to strong cash flow and working capital management.
- Cost cutting measures and inventory reductions have been initiated to address market challenges. Financing of €1.6 billion has been secured without performance covenants.
Klöckner & Co - Capital European Franchise Conference 2009Klöckner & Co SE
Klöckner & Co SE is a leading steel and metals distributor with 260 locations in Europe and North America. In Q1 2009, the company experienced a 34% decline in sales and a 220% decline in EBITDA compared to Q1 2008 due to falling prices and demand during the economic crisis. However, the company reduced its net debt by 44% through strong cash flow generation and cost cutting measures. While results are expected to remain negative in Q2, the business model is working to generate cash flows and further lower debt levels. With a secured credit facility of €1.6 billion, Klöckner is well positioned financially to pursue growth opportunities emerging from the crisis.
Klöckner & Co - Roadshow Presentation October 19, 2007Klöckner & Co SE
Klöckner & Co's CFO Gisbert Rühl provided an update on the company's recent developments and expectations for the remainder of 2007 and 2008. Overall demand has been stable but margins have come under pressure, particularly for stainless steels due to falling nickel prices. Klöckner has revised its 2007 EBITDA guidance to be approximately 10% below its 2006 level. The company expects market conditions to remain challenging in Q4 2007 but anticipates positive growth in 2008 driven by rising steel prices. Klöckner will continue its acquisition and organic growth strategy to drive consolidation and expand into new markets.
Klöckner & Co - Roadshow Presentation August, 2007Klöckner & Co SE
Klöckner & Co is a leading multi-metal distributor with a global distribution network of around 250 warehouses in Europe and North America. In Q1 2007, Klöckner saw strong sales growth driven by steel price increases and acquisitions, with significant EBITDA growth due to favorable steel prices and optimization programs. Guidance for 2007 forecasts at least 15% sales growth from acquisitions and an EBITDA around 2006 levels, supported by stable economic growth in key markets and a stable or improving price environment.
Klöckner & Co - Roadshow Presentation August 28, 2007Klöckner & Co SE
Klöckner & Co is a leading multi-metal distributor with a distribution network of approximately 250 warehouses across Europe and North America. In the first half of 2007, Klöckner reported sales of €3.2 billion, up 16.7% from the prior year, and EBITDA of €195 million. Klöckner pursues a strategy of profitable growth through acquisitions, organic expansion, and operational improvements like the STAR program to optimize purchasing and logistics. The company expects at least 15% sales growth for 2007 and for EBITDA to remain around 2006 levels.
Klöckner & Co - Capital Goods & Steel Conference 2009Klöckner & Co SE
Klöckner & Co reported improved Q2 2009 results compared to Q1 2009 as volumes stabilized and EBITDA losses narrowed significantly. While sales and profits remain well below prior year levels due to the economic crisis, cost cutting measures have been successful in reducing expenses. Management expects market conditions to continue gradually improving and remains focused on organic growth and strategic acquisitions to strengthen its position as markets recover.
Klöckner & Co - Roadshow Presentation September, 2007Klöckner & Co SE
Klöckner & Co is a leading steel and metals distributor operating in Europe and North America. In the first half of 2007, Klöckner saw sales increase 16.7% to €3.2 billion due to acquisitions. EBITDA rose 18.4% to €195 million. Klöckner expects at least 15% sales growth for 2007 from further acquisitions and stable economic conditions in core markets. Klöckner will continue pursuing acquisitions, expanding organically into new regions, and implementing efficiency programs to drive profitable growth.
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Klöckner & Co SE - Q2 2017 Results - Press ConferenceKlöckner & Co SE
- Klöckner & Co reported sales of €1.64 billion for Q2 2017, up 8.1% year-over-year, while shipments were down 4.4% adjusted for business sales and discontinuations.
- EBITDA for Q2 was €63 million, within guidance of €60-70 million. EBITDA for the first half of 2017 was €140 million, up from €88 million in the prior year period.
- The company expects EBITDA of €35-45 million for Q3 2017 and an increase of over 10% in full year EBITDA compared to 2016.
Klöckner & Co SE - Q2 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
- Klöckner & Co reported financial results for Q2 2017, with sales up 8.1% year-over-year to €1.6 billion due to higher prices. Shipments were down 4.4% due to divestitures.
- Gross profit decreased to €339 million and the gross margin fell to 20.6% from prior year's 23.8% due to price development and divestitures.
- EBITDA for Q2 was €63 million, in line with guidance but down from €88 million in the prior year period. EBITDA for the first half of 2017 was €140 million.
The interim report summarizes Klöckner & Co Group's financial performance for the first half of 2017. Key highlights include a 9% increase in shipments compared to the same period last year and EBITDA of €140 million. Net income was €59 million. The company expects continued global economic growth in 2017 and steady trends in its core customer industries. Klöckner & Co aims to achieve further growth through its "Klöckner & Co 2020" strategy.
Klöckner & Co SE aims to transform the linear steel supply chain into a digital industry platform through three steps:
1) Increasing the number of EDI connections to provide aggregated supply and demand information.
2) Developing a digital industry platform that connects suppliers, distributors, and customers to streamline the supply chain.
3) Expanding the platform to include marketplaces for complementary products and additional industrial goods.
Klöckner & Co SE - Q1 2017 Results - Press ConferenceKlöckner & Co SE
Klöckner & Co reported strong results for Q1 2017, with EBITDA more than quadrupling compared to Q1 2016. Sales increased 15.6% driven by higher prices. The gross profit margin increased due to rising steel prices and a focus on value-added products and services. The company's digitalization and One Europe restructuring strategies contributed to the improved results and remain a focus. Klöckner expects EBITDA to increase noticeably for FY 2017 compared to 2016.
Klöckner & Co SE - Q1 2017 Results - Analysts' and Investors' ConferenceKlöckner & Co SE
Klöckner & Co SE reported strong results for Q1 2017, with sales increasing 15.6% year-over-year to €1.6 billion due to higher steel prices. Gross profit margin improved to 22.9% from 22.0% in Q1 2016. EBITDA more than quadrupled to €77 million, exceeding guidance. For full-year 2017, EBITDA is expected to noticeably increase over 2016 levels as higher sales and prices are anticipated to continue.
Klöckner & Co SE - Interim Management Statement for Q1 2017Klöckner & Co SE
The document summarizes key financial information for Klöckner & Co SE for Q1 2016 and as of December 31, 2016. It shows decreases in operating and net income for Q1 2016 compared to the previous year. Total assets increased from December 31, 2015 to December 31, 2016, while equity attributable to shareholders also increased. Cash flow from operating activities was positive in Q1 2016. The number of employees is shown as of December 31, 2016 but no variance is given.
Klöckner & Co SE - Analysts' and Investors' Conference FY 2016Klöckner & Co SE
1) Klöckner & Co reported financial results for FY 2016 with sales decreasing 11.1% to €5.7 billion due to lower prices and site closures as part of restructuring. Gross profit increased to €1.315 billion supported by price increases.
2) EBITDA of €196 million was slightly above guidance, benefiting from a positive market effect of €105 million for the year.
3) For 2017, EBITDA is expected to increase slightly with a target of more than €65-75 million in Q1 2017 supported by the "One Europe" integration and digitalization strategy.
Klöckner & Co reported financial results for fiscal year 2016. While sales decreased 11.1% to €5.7 billion due to lower prices and site closures, gross profit increased to €1.315 billion and gross profit margin rose to 22.9% due to higher prices over the year. EBITDA was €196 million, slightly above guidance. For 2017, EBITDA is expected to increase slightly from 2016 levels, and Q1 2017 EBITDA is forecasted between €65-75 million. Klöckner continues its strategy of digitalization, higher value products and services, and European integration to increase profitability.
The Supervisory Board of Klöckner & Co SE summarizes its activities in fiscal year 2016. It advised and supervised the Management Board, approving all legally required transactions. Key topics included the Company's strategy, especially digital transformation. The Supervisory Board consists of six shareholder representatives organized into an Executive Committee and Audit Committee. Meetings achieved a high attendance rate. The Supervisory Board fulfilled its legal and oversight duties during the reporting period.
Klöckner & Co SE - Interim Management Statement for 9M 2016Klöckner & Co SE
Klöckner&CoSE substantially boosted earnings in the first nine months of 2016 compared to the same period in 2015. Shipments and income increased across key metrics such as operating result, net income, and earnings per share in both Q3 2016 and the first nine months of 2016 compared to the prior year periods. Total assets increased from December 2015 to September 2016, while cash flow from operating activities was positive for the nine-month period ended September 2016.
Klöckner & Co SE - Analysts' and Investors' ConferenceKlöckner & Co SE
Analysts' and Investors' Presentation for the 3rd quarter results on November 3, 2016
More at http://www.kloeckner.com/en/kloeckner-co-se-substantially-boosts-earnings-in-first-nine-months-of-2016.html
Klöckner & Co SE Analysts' and Investors' Presentation Q2 2016Klöckner & Co SE
Analysts' and Investors' Presentation for the 2nd quarter results on August 4, 2016
More at https://www.kloeckner.com/en/veroeffentlichung-ergebnis-q2-2016.html
Klöckner&CoSE reported significant earnings growth in Q1 2016 compared to Q1 2015. Net income increased from €-21.5 million to €-13.7 million, shipments increased, and operating measures and digitalization advances helped drive improved financial results. Total assets were €2.83 billion as of March 31, 2016, up slightly from €2.84 billion on December 31, 2015. Cash flow from operating activities also increased substantially to €5.2 million in Q1 2016 compared to €-110.9 million in Q1 2015.
Klöckner & Co SE Analysts' and Investors' Presentation Q1 2016Klöckner & Co SE
Analysts' and Investors' Presentation for the 1st quarter results on May 4, 2016
More at https://www.kloeckner.com/en/dl/KCO/Kloeckner_Co_PressRelease_Q12016.pdf
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3. 3
Klöckner & Co at a glance
Klöckner & Co
Leading producer-independent steel and metal distributor in the European and North American markets
combined
Network with more than 260 distribution locations in Europe and North America
More than 10,000 employees
Key financials FC 2008
- Sales: > €7 billion
- Operating EBITDA: > €500 million
GB
23%
21%
14%
10%
5%
9%
1%
13%
Germany/
Austria
France/
BelgiumSpain
Nether-
lands
Eastern
Europe
Switzerland
Canada
4%
Sales split by markets
As of December 2007
Steel-flat
Products
Steel-long
Products
Special
and
Quality
Steel
Aluminum
Other Products
30%
32%
10%
9%
6%
13%
Sales split by product
As of July 2008
Other
Machinery/
Manufacturing
Auto-
motive
42%
25%
6%
27%
Sales split by industry
As of December 2007
4. 4
Record results and ongoing profitable growth
Highlights 2008
Extraordinary Q2 and half year record results
Further expansion especially through the acquisition of Temtco in the US
Disposal of KVT (CH) with high tax free income and cash contribution completed
Sale of the automotive-related Canadian Namasco Ltd. concluded
Business optimization program “STAR” fully on track
Transformation of Klöckner & Co AG into a SE (Societas Europaea) completed
6. 6
Profitable growth
Grow more than
the market
Continuous
business
optimization
1 Accretive acquisitions
driving market
consolidation
2 STAR Program
to optimize
• Purchasing
• Logistics
• Distribution network
Profitable growth
through value-added
distribution and services
within multi metals to
companies in Europe
and North America
Profitable growth
through value-added
distribution and services
within multi metals to
companies in Europe
and North America
7. 7
Country Acquired Company Sales (FY)
Mar 2008 Temtco €226 million
Jan 2008 Multitubes €5 million
2008 Ytd 2 acquisitions €231 million
Sep 2007 Lehner & Tonossi €9 million
Sep 2007 Interpipe €14 million
Sep 2007 ScanSteel €7 million
Aug 2007 Metalsnab €36 million
Jun 2007 Westok €26 million
May 2007 Premier Steel €23 million
Apr 2007 Zweygart €11 million
Apr 2007 Max Carl €15 million
Apr 2007 Edelstahlservice €17 million
Apr 2007 Primary Steel €360 million
Apr 2007 Teuling €14 million
Jan 2007 Tournier €35 million
2007 12 acquisitions €567 million
2006 4 acquisitions €108 million
€141 million
€567 million
Continued expansion through accretive acquisitions1
12
4
2
2005 2006 2007
Acquisitions Sales
>€600 million
2008
€108 million
8. 8
Expected EBITDA contribution in 2008 from investments of about €260 million for
acquisitions made in 2007
€90 - €100 million
Expected EBITDA contribution in 2008 from investments of about €130 million for
acquisitions made in 2008 so far
€40 million (partially consolidated)
€55 million (annualized)
Continued expansion through accretive acquisitions1
9. 9
Phase II (2008 onwards)
STAR program fully on track2
Phase I (2005 - 2008)
Overall targets:
Central purchasing on country level
Improvement of distribution network
Improvement of inventory management
2006: ~ €20 million
2007: ~ €40 million
2008: ~ €20 million
~ €80 million
Upside potential
Overall targets:
European sourcing
Ongoing improvement of logistics and
distribution network
Upside potential
2008 ~ €10 million
2009: ~ €30 million
2010: ~ €20 million
~ €60 million
€16 million realized in H1
12. 12
Strong price development in North America
Very strong price increases
Growing underlying steel demand remains weak
SBB long prices - North America domestic USD/MT
400
500
600
700
800
900
1.000
1.100
CQ1
2005
CQ2
2005
CQ3
2005
CQ4
2005
CQ1
2006
CQ2
2006
CQ3
2006
CQ4
2006
CQ1
2007
CQ2
2007
CQ3
2007
CQ4
2007
CQ1
2008
CQ2
2008
Merchant Rebar Heavy sections
SBB long prices - North America domestic USD/MT
400
500
600
700
800
900
1.000
1.100
CQ1
2005
CQ2
2005
CQ3
2005
CQ4
2005
CQ1
2006
CQ2
2006
CQ3
2006
CQ4
2006
CQ1
2007
CQ2
2007
CQ3
2007
CQ4
2007
CQ1
2008
CQ2
2008
Merchant Rebar Heavy sections
13. 13
Short-term steel prices remain high despite slowing demand
Demand in the EU will be effected by further slowdown mainly in Spain and UK
US demand development will stay weak
Steel prices are expected to peak in Q3
Even if prices soften slightly in 2009 they will remain on a high level, supported by:
Normal inventory levels
Lower Chinese exports
High raw material costs which will keep cash costs on a high level supporting continuing
supply discipline
High capacity utilization driven by world wide slower but robust demand
Increased pricing power of producers due to higher consolidation in Europe and North
America
Steel market will remain supply constrained
14. 14
Long-term steel prices are still expected to rise
Long-term steel prices are still expected to rise based on robust demand as well as
higher cash and fixed costs for new capacities
Cash costs driven by iron ore and coking coal prices are expected to remain on a high level
Expected global steel demand growth of 5 to 6% p.a. requires 70 to 90 million tons of new
capacity each year, thereof 20 to 40 million tons ex China
Steel prices must rise to cover escalating fixed costs for new capacities
Steel market will remain supply constrained
19. 19
Includes acquisition-related
sales of M€63 for H1 2008* in
Europe and sales of M€226
for H1 2008* in North
America
Segment performance H1 2008
Comments(€m) Europe
North
America
HQ/
Consol.
Total
Volume (Ttons)
H1 2008 2,434 1,041 - 3,475
H1 2007 2,422 870 - 3,292
Δ % 0.4 19.7 - 5.5
Sales
H1 2008 2,882 700 - 3,582
H1 2007 2,713 486 - 3,199
Δ % 6.2 44.1 - 12.0
EBITDA
H1 2008 234 93 -6 321
% margin 8.1 13.3 - 9.0
H1 2007 178 33 -16 195
% margin 6.6 6.7 - 6.1
Δ % EBITDA 31.3 185.5 - 65.0
* Sales of acquired companies for the first
twelve months of their consolidation
20. 20
Balance sheet H1 2008
1,072
1,652
3,612
858
1,380
1,043
1,376
856
3,612
267
124
1,236
1,199
786
June
30, 2008
930Trade receivables
956Inventories
735Long-term assets
154Cash & cash equivalents
191Other assets
610- thereof trade payables
969Total short-term liabilities
1,152Total long-term liabilities
845Equity
2,966Total assets
813- thereof financial liabilities
December
31, 2007
(€m)
2,966Total equity and liabilities
746Net financial debt*
1,323Net working capital*
Comments
Financial debt:
• Syndicated loan: €404
million
• ABS: €322 million
• Bilateral credits: €195
million
• Convertible: €275 million
Net Working Capital:
• Sales-, acquisition- and
price-driven
* Including Canada and KVT
21. 21
Statement of cash flow
Comments(€m)
H1
2008
H1
2007
Operating CF 317 188
Changes in net working capital -274 -303
Others -40 -25
Cash flow from operating activities 3 -140
Inflow from disposals of fixed assets/others 8 15
Outflow from investments in fixed assets* -282 -366
Cash flow from investing activities -274 -351
Changes in financial liabilities 296 531
Net interest payments -16 -51
Dividends -38 -45
Cash flow from financing activities 242 435
Total cash flow -29 -56
Operating CF more than
fully covered the
investments in net working
capital
Investing CF mainly
impacted by increased
stake in Swiss Holding and
acquisition of Temtco
CF from financing activities
driven by acquisitions
*and acquisition of subsidiaries
23. 23
General financial targets/limits and guidance
125.2%< 150%Gearing (Net financial debt/Equity)
2.2x< 3.0xLeverage (Net financial debt/EBITDA LTM)
6.9%> 6%Underlying EBITDA margin
12.0%> 10% p.a.Top line sales growth
Actual
H1 2008
General
target/limit
Challenging financial targets throughout the cycle
24. 24
Outlook 2008
For the full year 2008, we expect the following key figures:
Sales of more than €7 billion
EBITDA before one-offs of more than €500 million
Reported EBITDA including divestments of more than €770 million
Net income of more than €500 million
The raised outlook is based on record half year results and still overall favorable market environment
for the steel distribution industry going forward despite a weaker global economic development and is
supported by the following effects:
Positive contribution from STAR program
Positive contribution from acquisitions made in 2007 and in 2008
Further stock gains in the course of H2 2008
Outlook raised again – 2008 results far above 2007
26. 26
November 14: Q3 Interim Report
Financial calendar 2008 and contact details
Financial calendar 2008
Claudia Nickolaus, Head of IR
Phone: +49 203 307 2050
Fax: +49 203 307 5025
E-mail: claudia.nickolaus@kloeckner.de
Internet: www.kloeckner.de
Contact details Investor Relations
27. 27
Distributor in the sweet spot
Local customersGlobal suppliers
Suppliers Sourcing
Products
and services
Logistics/
Distribution
Customers
Global Sourcing
in competitive
sizes
Strategic
partnerships
Frame contracts
Leverage one
supplier against
the other
No speculative
trading
One-stop-shop
with wide product
range of high-
quality products
Value added
processing
services
Quality assurance
Efficient inventory
management
Local presence
Tailor-made
logistics including
on-time delivery
within 24 hours
> 210,000
customers
No customer with
more than 1% of
sales
Average order
size of €2,500
Wide range of
industries and
markets
Service more
important than
price
Purchase volume
p.a. of >6 million
tons
Diversified set of
worldwide approx.
70 suppliers
Klöckner & Co’s value chain
29. 29
Largest independent multi metal distributor
Europe (2007)
Source: company reports, own estimates
ArcelorMittal
(Distribution approx. 5%)
ThyssenKrupp
BE Group
Other mill-tied and independent
distributors
11.1%
9.8%
6.4%
1.0%71.7%
Klöckner & Co
Source: Purchasing Magazine (May 2008), own estimates
North America (2007)
Steel Technologies
Namasco
(Klöckner & Co)
Ryerson
Reliance Steel
Samuel, Son & Co
ThyssenKrupp
Materials NA
Worthington
Steel
Carpenter
Technology
McJunkin
O'Neal Steel
Mac-Steel
A.M. Castle
4.2%
2.8%
2.2%
2.2%
1.0%
1.0%
0.9%
1.3%
1.2%
1.1%
1.3%
1.8%
1.7%
1.0%
5.1%
Other
71.2%
Russel Metals
Metals USA
Structure: 50-60% through distribution, service centers
Size in value: ~€100bn
Companies: ~1,300 only independent distributors
Structure: 67% through distribution, service centers
Size in value: ~€71–91bn
Companies: ~3,000 few mill-tied, most independent
PNA Group
31. 31
Debt facilities
(€m)
Old debt
structure
Change in
debt structure
New debt
structure
ABS Europe 380 +40 420
ABS USA 60 +30 90
Total 440 +70 510
Syndicated loan - +600 600
Bilateral credit agreements 480 -100 380
Total senior bank facilities 480 +500 980
Convertible bond - +325 325
High yield bond 170 -170 -
Total facilities 1,090 +725 1,815
32. 32
Geographical breakdown of identified institutional investors
Current shareholder structure
Comments
Identified institutional
investors account for 74%
US based investors still
dominate but share
decreased in favor of UK (up
from 14% as of Sept. 2007)
Top 10 individual
shareholdings represent
around 48%
Rest of World < 1%
(geographical breakdown)
Retail share increased from
11% to almost 14%
Rest of
Europe
US
United
Kingdom
Germany
Spain
Switzerland
Source: Survey Thomson Financial (as of Febr. 08)
20%
4%
4%
24%
41%
7%
33. 33
Our symbol
the ears
attentive to customer needs
the eyes
looking forward to new developments
the nose
sniffing out opportunities
to improve performance
the ball
symbolic of our role to fetch
and carry for our customers
the legs
always moving fast to keep up with
the demands of the customers
34. 34
Disclaimer
This presentation contains forward-looking statements. These statements use words like "believes,
"assumes," "expects" or similar formulations. Various known and unknown risks, uncertainties and
other factors could lead to material differences between the actual future results, financial situation,
development or performance of our company and those either expressed or implied by these
statements. These factors include, among other things:
Downturns in the business cycle of the industries in which we compete;
Increases in the prices of our raw materials, especially if we are unable to pass these costs
along to customers;
Fluctuation in international currency exchange rates as well as changes in the general
economic climate
and other factors identified in this presentation.
In view of these uncertainties, we caution you not to place undue reliance on these forward-looking
statements. We assume no liability whatsoever to update these forward-looking statements or to
conform them to future events or developments.