Upcoming Dividend • May 14
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 25 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Austrian dividend payers (4.0%). Lower than average of industry peers (2.3%). New Risk • May 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • May 06
First quarter 2026 earnings released: €0.04 loss per share (vs €0.28 loss in 1Q 2025) First quarter 2026 results: €0.04 loss per share (improved from €0.28 loss in 1Q 2025). Revenue: €1.57b (down 5.9% from 1Q 2025). Net loss: €4.38m (loss narrowed 85% from 1Q 2025). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Apr 08
Klöckner & Co SE, Annual General Meeting, May 20, 2026 Klöckner & Co SE, Annual General Meeting, May 20, 2026, at 10:30 W. Europe Standard Time. Declared Dividend • Mar 15
Dividend of €0.20 announced Dividend of €0.20 is the same as last year. Ex-date: 21st May 2026 Payment date: 25th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Duyuru • Mar 13
Klöckner & Co SE announces Annual dividend, payable on May 25, 2026 Klöckner & Co SE announced Annual dividend of EUR 0.2000 per share payable on May 25, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. Reported Earnings • Mar 12
Full year 2025 earnings released: €0.54 loss per share (vs €1.47 loss in FY 2024) Full year 2025 results: €0.54 loss per share (improved from €1.47 loss in FY 2024). Revenue: €6.38b (down 3.8% from FY 2024). Net loss: €54.0m (loss narrowed 63% from FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Duyuru • Jan 24
Klöckner & Co SE to Report Fiscal Year 2025 Results on Mar 11, 2026 Klöckner & Co SE announced that they will report fiscal year 2025 results on Mar 11, 2026 Duyuru • Jan 16
Worthington Steel, Inc. (NYSE:WS) entered into a Business Combination Agreement to acquire Klöckner & Co SE (XTRA:KCO) from SWOCTEM GmbH and others for approximately €1.1 billion. Worthington Steel, Inc. (NYSE:WS) entered into a Business Combination Agreement to acquire Klöckner & Co SE (XTRA:KCO) from SWOCTEM GmbH and others for approximately €1.1 billion on January 15, 2026. Worthington Steel intends to launch a voluntary public offer to acquire all outstanding shares of Kloeckner & Co. Kloeckner shareholders who choose to participate in the offer will receive €11 in cash for each Kloeckner & Co share tendered into the offer. The offer price implies an enterprise value of €2.05874 billion. Worthington Steel expects to finance the transaction via a combination of cash on hand and new debt financing. The Offer will be fully financed via underwritten commitments and is not subject to any financing conditions. SWOCTEM GmbH owning approximately 42% of shares, has entered into an Irrevocable Agreement with Worthington Steel whereby they have committed to tender their shares in support of Worthington Steel’s offer. Wells Fargo and Citigroup have provided fully underwritten financing commitments for the acquisition financing.
The Management Board and executive leadership are expected to remain in place following completion of the transaction. Kloeckner’s Management and Supervisory board welcome the Offer and, subject to their review of the Offer Document, intend to recommend acceptance by Kloeckner's shareholders. Completion of the offer will be subject to a minimum acceptance threshold of 65% of Kloeckner’s issued share capital at the end of the acceptance period and regulatory approvals. Completion of the offer is expected to occur in the second half of calendar year 2026. Expected to be substantially accretive to Worthington Steel’s EPS within the first full year of operation.
Andina Partners International LLP and Bank of America are acting as financial advisors to Worthington Steel. Latham & Watkins LLP is serving as legal counsel to Worthington Steel. Goldman Sachs Bank Europe SE is acting as financial advisor to Klöckner & Co, and Hengeler Mueller is acting as its legal advisor. New Risk • Nov 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (4.7% average weekly change). Reported Earnings • Nov 06
Third quarter 2025 earnings released: €0.13 loss per share (vs €0.29 loss in 3Q 2024) Third quarter 2025 results: €0.13 loss per share (improved from €0.29 loss in 3Q 2024). Revenue: €1.61b (down 2.3% from 3Q 2024). Net loss: €13.0m (loss narrowed 55% from 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to €5.82. The fair value is estimated to be €7.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €5.43. The fair value is estimated to be €6.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €5.90. The fair value is estimated to be €7.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: €0.02 (vs €0.18 loss in 2Q 2024) Second quarter 2025 results: EPS: €0.02 (up from €0.18 loss in 2Q 2024). Revenue: €1.65b (down 6.5% from 2Q 2024). Net income: €1.69m (up €20.0m from 2Q 2024). Profit margin: 0.1% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 22
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 03 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Austrian dividend payers (4.8%). Higher than average of industry peers (2.4%). New Risk • May 09
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 448% Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • May 08
First quarter 2025 earnings released: €0.28 loss per share (vs €0.084 loss in 1Q 2024) First quarter 2025 results: €0.28 loss per share (further deteriorated from €0.084 loss in 1Q 2024). Revenue: €1.67b (down 4.1% from 1Q 2024). Net loss: €28.0m (loss widened 238% from 1Q 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Duyuru • May 07
Klöckner & Co SE to Report Q3, 2025 Results on Nov 05, 2025 Klöckner & Co SE announced that they will report Q3, 2025 results on Nov 05, 2025 Duyuru • Apr 14
Klöckner & Co SE, Annual General Meeting, May 28, 2025 Klöckner & Co SE, Annual General Meeting, May 28, 2025, at 10:30 W. Europe Standard Time. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 448% Declared Dividend • Mar 31
Dividend of €0.20 announced Dividend of €0.20 is the same as last year. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (448% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Duyuru • Mar 29
Klöckner & Co SE to Report First Half, 2026 Results on Aug 05, 2026 Klöckner & Co SE announced that they will report first half, 2026 results on Aug 05, 2026 Declared Dividend • Mar 14
Dividend of €0.20 announced Dividend of €0.20 is the same as last year. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (448% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Duyuru • Mar 13
Klöckner & Co SE announces Annual dividend, payable on June 02, 2025 Klöckner & Co SE announced Annual dividend of EUR 0.2000 per share payable on June 02, 2025, ex-date on May 29, 2025 and record date on May 30, 2025. Reported Earnings • Mar 12
Full year 2024 earnings released: €1.47 loss per share (vs €0.011 loss in FY 2023) Full year 2024 results: €1.47 loss per share (further deteriorated from €0.011 loss in FY 2023). Revenue: €6.67b (down 4.1% from FY 2023). Net loss: €146.8m (loss widened €145.8m from FY 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 363% Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Nov 08
Third quarter 2024 earnings released: €0.29 loss per share (vs €0.12 loss in 3Q 2023) Third quarter 2024 results: €0.29 loss per share (further deteriorated from €0.12 loss in 3Q 2023). Revenue: €1.66b (down 14% from 3Q 2023). Net loss: €29.2m (loss widened 139% from 3Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2024 earnings released: €0.18 loss per share (vs €0.12 profit in 2Q 2023) Second quarter 2024 results: €0.18 loss per share (down from €0.12 profit in 2Q 2023). Revenue: €1.77b (down 9.9% from 2Q 2023). Net loss: €18.3m (down 255% from profit in 2Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Duyuru • Jul 10
Klöckner & Co SE to Report First Half, 2025 Results on Aug 06, 2025 Klöckner & Co SE announced that they will report first half, 2025 results on Aug 06, 2025 Upcoming Dividend • May 17
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 28 May 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Austrian dividend payers (5.8%). Higher than average of industry peers (2.1%). New Risk • May 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risk Paying a dividend despite being loss-making. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €0.08 (vs €0.08 loss in 1Q 2023) First quarter 2024 results: EPS: €0.08 (up from €0.08 loss in 1Q 2023). Revenue: €1.74b (down 16% from 1Q 2023). Net loss: €8.00m (loss narrowed 3.9% from 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 15
Dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 24th May 2024 Payment date: 28th May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. Reported Earnings • Mar 13
Full year 2023 earnings released: €0.011 loss per share (vs €2.54 profit in FY 2022) Full year 2023 results: €0.011 loss per share (down from €2.54 profit in FY 2022). Revenue: €6.99b (down 26% from FY 2022). Net loss: €1.06m (down 100% from profit in FY 2022). Profit margin: 0% (down from 2.7% in FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: €0.12 (vs €0.22 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.12 (up from €0.22 loss in 3Q 2022). Revenue: €1.94b (down 18% from 3Q 2022). Net income: €6.12m (up €27.9m from 3Q 2022). Profit margin: 0.3% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Nov 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (4.7% average weekly change). Minor Risks High level of debt (47% net debt to equity). Dividend is not well covered by earnings (dividend per share is over 24x earnings per share). Profit margins are more than 30% lower than last year (0.09% net profit margin). New Risk • Oct 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (4.3% average weekly change). Duyuru • Aug 04
Klöckner & Co SE to Report First Half, 2024 Results on Aug 01, 2024 Klöckner & Co SE announced that they will report first half, 2024 results on Aug 01, 2024 Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: €0.12 (vs €1.50 in 2Q 2022) Second quarter 2023 results: EPS: €0.12 (down from €1.50 in 2Q 2022). Revenue: €1.97b (down 24% from 2Q 2022). Net income: €11.8m (down 92% from 2Q 2022). Profit margin: 0.6% (down from 5.8% in 2Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 11
Upcoming dividend of €0.40 per share at 4.1% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Austrian dividend payers (5.4%). Higher than average of industry peers (2.3%). Reported Earnings • May 03
First quarter 2023 earnings released: €0.08 loss per share (vs €1.68 profit in 1Q 2022) First quarter 2023 results: €0.08 loss per share (down from €1.68 profit in 1Q 2022). Revenue: €2.09b (down 14% from 1Q 2022). Net loss: €8.33m (down 105% from profit in 1Q 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: €2.54 (vs €6.21 in FY 2021) Full year 2022 results: EPS: €2.54 (down from €6.21 in FY 2021). Revenue: €9.38b (up 26% from FY 2021). Net income: €253.2m (down 59% from FY 2021). Profit margin: 2.7% (down from 8.3% in FY 2021). Revenue is expected to decline by 4.3% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 13
Klöckner & Co SE to Report Fiscal Year 2022 Results on Mar 09, 2023 Klöckner & Co SE announced that they will report fiscal year 2022 results on Mar 09, 2023 Duyuru • Nov 05
Klöckner & Co SE Provides Earnings Guidance for the Year 2022 Klöckner & Co SE provided earnings guidance for the year 2022. Sales are expected to increase significantly compared to the previous year, shipments slightly below prior year. Reported Earnings • Nov 04
Third quarter 2022 earnings released: €0.22 loss per share (vs €1.86 profit in 3Q 2021) Third quarter 2022 results: €0.22 loss per share (down from €1.86 profit in 3Q 2021). Revenue: €2.37b (up 16% from 3Q 2021). Net loss: €21.7m (down 112% from profit in 3Q 2021). Revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 04
Klöckner & Co SE to Report Q3, 2023 Results on Oct 31, 2023 Klöckner & Co SE announced that they will report Q3, 2023 results on Oct 31, 2023 Buying Opportunity • Sep 28
Now 22% undervalued Over the last 90 days, the stock is up 9.9%. The fair value is estimated to be €10.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 106%. Revenue is forecast to decline by 17% in 2 years. Earnings is forecast to decline by 87% in the next 2 years. Duyuru • Sep 14
Klöckner & Co SE Launches New Nexigen Brand and Delivers First Green Steel to Mercedes-Benz Klöckner & Co SE has launched the new Nexigen brand bringing together the entire portfolio of sustainable products and services. Under the Nexigen® brand, the Company now provides transparent, carbon-reduced solutions in the three categories of materials, processing and logistics. In this way, Klöckner & Co assists customers with the reliable procurement of green steel and metal products, providing full transparency about their carbon footprint from resource extraction to production. Combined with a comprehensive range of logistics solutions, circularity solutions and Sustainability Advisory Services, Klöckner & Co supports its customers in building sustainable supply chains. To mark the brand launch, Klöckner & Co subsidiary Becker Stahl-Service handed over the first coil of green steel to longstanding customer Mercedes-Benz AG. With Nexigen®, Klöckner & Co is taking an important further step in implementing its corporate strategy, “Klöckner & Co 2025: Leveraging Strengths,” which places the central focus on sustainability as a growth driver. As of today, customers can find out more about the Nexigen® brand on the Group companies’ websites. Klöckner & Co has developed a metric for categorizing green steel, which serves as a guide and creates transparency for determining the carbon footprint of customers’ end products. In addition to green products, Nexigen® also includes Klöckner & Co’s sustainable logistics solutions, circularity solutions and Sustainable Advisory Services. Together with the market launch of Nexigen®, Klöckner & Co is also investing in further training of the workforce, and has already trained 700 sales staff to advise on and sell sustainable products and services. With the new brand initially being rolled out in the European Union, customers in the USA, Switzerland and the UK will also be able to purchase initial quantities of green steel from Klöckner & Co and its country organizations before the end of this year. The first quantity of green steel under the Nexigen® brand has been secured by Mercedes-Benz AG. On a visit to administrative premises of Mercedes-Benz AG, representatives of Becker Stahl-Service symbolically handed over the first coil to the Mercedes-Benz AG procurement team. The coil weighing around 20 tons is significantly carbon-reduced steel that corresponds to the “Pro” category in Klöckner & Co’s proprietary metric for green steel. Emissions from resource extraction through to production totaled less than 500 kg of carbon per ton of steel – that’s over 80% less than the average of around 2.5 tons of carbon per ton of steel via the blast furnace route. The delivery went to the Mercedes-Benz Kuppenheim plant. Mercedes-Benz plans to increasingly shift from conventional steel to green steel in raw material procurement under the company’s “Ambition 2039”. Buying Opportunity • Aug 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €11.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 106%. Revenue is forecast to decline by 17% in 2 years. Earnings is forecast to decline by 87% in the next 2 years. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: €1.50 (vs €2.13 in 2Q 2021) Second quarter 2022 results: EPS: €1.50 (down from €2.13 in 2Q 2021). Revenue: €2.59b (up 40% from 2Q 2021). Net income: €149.1m (down 30% from 2Q 2021). Profit margin: 5.8% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 11% compared to a 11% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 10
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €12.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 8.9% in 2 years. Earnings is forecast to decline by 88% in the next 2 years. Upcoming Dividend • May 26
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 07 June 2022. Trailing yield: 8.7%. Within top quartile of Austrian dividend payers (4.4%). Higher than average of industry peers (2.0%). Buying Opportunity • May 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be €12.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 8.9% in 2 years. Earnings is forecast to decline by 87% in the next 2 years. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: €1.68 (vs €0.85 in 1Q 2021) First quarter 2022 results: EPS: €1.68 (up from €0.85 in 1Q 2021). Revenue: €2.50b (up 64% from 1Q 2021). Net income: €168.0m (up 98% from 1Q 2021). Profit margin: 6.7% (up from 5.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 1.7% compared to a 9.9% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €6.21 (up from €1.16 loss in FY 2020). Revenue: €7.44b (up 45% from FY 2020). Net income: €619.0m (up €734.9m from FY 2020). Profit margin: 8.3% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is expected to shrink by 4.5% compared to a 9.3% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 06
Klöckner & Co SE to Report Fiscal Year 2021 Results on Mar 09, 2022 Klöckner & Co SE announced that they will report fiscal year 2021 results on Mar 09, 2022 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 18% share price gain to €12.61, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 113% over the past three years. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS €1.86 (vs €0.05 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €2.04b (up 60% from 3Q 2020). Net income: €185.3m (up €190.5m from 3Q 2020). Profit margin: 9.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 15% share price gain to €11.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 20x in the Trade Distributors industry in Europe. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.72 per share. Duyuru • Sep 29
Klöckner & Co Se Revises Earnings Guidance for the Third Quarter and Full Year of 2021 Klöckner & Co SE revised earnings guidance for the third quarter and full year of 2021. For the quarter, the company expected operating income (EBITDA) before material special effects of EUR260-280 million for the third quarter, contrary to the previous forecast of EBITDA before material special effects of EUR200-230 million.
For year, the company expects to achieve EBITDA before material special effects of around EUR 800 million for the full year 2021 (previous forecast: EUR 650-700 million). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS €2.13 (vs €1.11 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.85b (up 58% from 2Q 2020). Net income: €212.4m (up €323.3m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2021 earnings released: EPS €0.85 (vs €0.21 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.53b (up 5.4% from 1Q 2020). Net income: €85.0m (up €106.2m from 1Q 2020). Profit margin: 5.6% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2020 earnings released: €1.16 loss per share (vs €0.56 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €5.13b (down 19% from FY 2019). Net loss: €115.9m (loss widened 106% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue misses expectations Revenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 14%, compared to a 4.8% growth forecast for the Trade Distributors industry in Austria. Is New 90 Day High Low • Feb 13
New 90-day high: €8.62 The company is up 51% from its price of €5.72 on 13 November 2020. The Austrian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.30 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €7.60 The company is up 52% from its price of €5.00 on 09 September 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.06 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €6.03 The company is up 8.0% from its price of €5.60 on 18 August 2020. The Austrian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Trade Distributors industry, which is also up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.10 per share. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue misses expectations Revenue missed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 10% while the growth in Trade Distributors industry in Austria is expected to stay flat. Reported Earnings • Nov 05
Third quarter 2020 earnings released: €0.05 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: €1.28b (down 18% from 3Q 2019). Net loss: €5.12m (loss narrowed 78% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Duyuru • Sep 26
Klöckner & Co Se Revises Earnings Guidance for the Third Quarter and Full Year of 2020 Klöckner & Co SE revised earnings guidance for the third quarter and full year of 2020. For the quarter, the company's operating income expected to be significantly better than previously expected.
For year, the company's increased income expectation of €75 million to €95 million before material special effects for the full year 2020, after a range of €50-70 million was previously assumed. Furthermore, a positive cash flow from operating activities is still expected. Duyuru • Sep 19
Klöckner & Co SE to Report Q2, 2020 Results on Aug 14, 2020 Klöckner & Co SE announced that they will report Q2, 2020 results on Aug 14, 2020 
