03
Aug
13:51
Klöckner reports strong earnings, eyes higher sales
German distribution group Klöckner & Co posted its strongest earnings since its 2006 listing in the first half of 2022, thanks to a huge temporary rise in steel and metal prices. It expects even higher sales until the end of the year.
Ebitda before material special effects increased to €423 million ($431m) from €401m in H1 2021, Kallanish notes. Net income increased to €323m against €301m a year earlier.
Sales rose 48.8% on-year to &e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous