The renewed supply shortage has led to a significant increase in steel prices in Klöckner & Co’s core markets, Europe and the USA. Against this backdrop, the company achieved a stronger operating income (EBITDA) before material special effects in the first quarter of 2022 than originally expected.
Unexpected success
According to preliminary figures, EBITDA before material special effects in the first quarter of 2022 amounts to € 201 million, against the previous expectation of € 130-180 million. Additionally, the company has generated positive material special effects in the first quarter, in particular from the sale of properties in Switzerland and France amounting to € 53 million. The figures for the first quarter will be announced on May 4, 2022.
