Klöckner & Co Reports Stable Q2 2024 Amidst Market Challenges

Klöckner & Co. SE maintained its stable business performance in Q2 2024 despite a challenging environment. Shipments rose by 11.5% to 1.2 million tons compared to the same quarter last year. This growth is attributed to acquisitions in Mexico and the US.

First-half 2024 sales reached €3.5 billion, down 2.6% from last year due to lower prices. Operating income (EBITDA) before material special effects was €83 million, a decrease from €130 million in HY1 2023. The positive cash flow from operating activities was €18 million in HY1 2024.

CEO Guido Kerkhoff highlighted progress in strategy implementation and the acquisition of Amerinox Processing. Klöckner's North American presence was strengthened by acquiring Amerinox Processing, enhancing its value-added products and services.