Market Overview

Kloeckner Posts Q1 Loss

Kloeckner & Co SE reported a wider-than-expected first-quarter loss.

Kloeckner projects Q2 Ebitda between EUR50 million and EUR60 million.

Kloeckner posted a quarterly net loss of EUR10 million, versus a year-ago profit of EUR43 million. However, analysts were expecting a net loss of EUR0.8 million.

Its EBITDA fell to EUR45 million, from EUR104 million. Revenue climbed to EUR1.95 billion, from the EUR1.59 billion. Analysts were expecting revenue of EUR1.84 billion.

Posted-In: lossEarnings News

 

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