euro adhoc: Klöckner & Co AG
Earnings Forecast
Business Development better
than expected:
Group results Klöckner & Co in the first half of 2006 significantly exceed
previous year
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
10.08.2006
Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities Trading Act), dated August 10, 2006 Business Development better than expected: Group results Klöckner & Co in the first half of 2006 significantly exceed previous year
According to preliminary financial figures, the EBITDA of the Klöckner & Co group for the first half of 2006 amounts to approx. 180 million Euro compared to approx. 113 million Euro in the first half of 2005. This represents an increase of approx. 60%, which is particularly due to an increase in turnover, improved margins and the resulting significant increase in gross profits.
Based on the available information, the company expects this positive business situation to continue in spite of seasonal influences in the second half of 2006. With regard to the full year of 2006, the company expects to significantly exceed the results of the preceding year.
More detailed information and the final numbers for the first half of 2006 will be made available by Klöckner & Co on 29 August 2006. The data will be made available in the Internet under www.kloeckner.de from 08:00 CEST on such date.
Additional information:
Issuer: Klöckner & Co Aktiengesellschaft, Am Silberpalais 1, D 47057 Duisburg ISIN: DE000KC01000 WKN: KCO0100 Listed: Amtlicher Markt / Prime Standard; Frankfurter Wertpapierbörse
Further information can be obtained on the webpage of Klöckner & Co: www.kloeckner.de
end of announcement euro adhoc 10.08.2006 19:45:48
Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KCO1000
WKN: KCO100
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade