Extraordinarily strong operating income expected in first quarter of 2021

At the beginning of the current fiscal year the recovery in steel demand continued. In addition, price levels in Europe and the USA have continued to rise significantly. Due to the cost base already sustainably reduced by the Surtsey project, Klöckner & Co can benefit particularly strongly from the positive market development. Against this background, the company expects an operating income (EBITDA) before material special effects of €110-130 million in the first quarter of 2021 and therefore very considerably above the prior-year quarter.

Source and graphic: Klöckner & Co SE