According to its first quarter results released on 7 May, total shipments in the first quarter of 2024 reached 1.1 million mt, up 5% year-on-year from 1.1 million mt in 2023.
Due to price fluctuations, the company achieved sales of EUR 1.7 billion in the same period of 2024, compared to EUR 1.8 billion in the first quarter of 2023. EBITDA decreased to EUR 42 million, compared to EUR 65 million in the first quarter of 2023. EBITDA for the second quarter of this year is expected to be in the range of EUR 30-70 million.
Guido Kerkhoff, CEO of Klöckner & Co SE: "We achieved a solid result at the beginning of the year and reached an important milestone by completing the sale of parts of our European distribution business. We can now focus our resources on our profitable, fast-growing business operations in Europe and North America and continue to expand our position in these key markets.
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