According to the disclosed data, EBITDA before significant special effects rose from EUR 136 million in 2024 to EUR 171 million. During the same period, shipments showed a limited increase, rising from 4.45 million tons to 4.53 million tons. In contrast, due to price and currency effects, the company’s total sales declined from EUR 6.6 billion to EUR 6.4 billion.
The company's net loss decreased significantly compared to the previous year. The net result improved from -EUR 176 million in 2024 to -EUR 53 million in 2025. During this period, earnings per share stood at -EUR 0.54.
The positive trend in cash flow continued. In 2025, cash flow from operating activities was EUR 110 million, while free cash flow reached EUR 105 million. Thus, the company achieved positive operating cash flow for the fourth consecutive year. The Management Board and the Supervisory Board will propose a dividend of EUR 0.20 per share to the General Meeting. The company's equity ratio stood at 48.2% as of December 31, 2025.
CEO Guido Kerkhoff stated that the decisions taken in 2025 strengthened the company's focus on higher value-added products and services. Kerkhoff also noted that the planned business combination with US-based Worthington Steel will support the company’s growth in Europe and North America.
As part of its portfolio restructuring in 2025, the company sold its subsidiary in Brazil and divested eight distribution centers in the USA. Additionally, the product and service portfolio was expanded through the acquisitions of Haley Tool & Stamping in the USA and Ambo Stahl in Germany.
Meanwhile, a business combination agreement was signed between Klöckner & Co and Worthington Steel on January 15, 2026. In this context, Worthington Steel made a voluntary takeover bid for all shares of Klöckner & Co at an offer price of EUR 11 per share. The acceptance period for the offer has been extended until March 26, 2026.
In its outlook for 2026, the company expects shipments to remain generally close to previous year levels. With the strengthening of the operational position, a significant increase in EBITDA before significant special effects is expected for the full year. For the first quarter of 2026, this figure is estimated to be between EUR 20 million and EUR 60 million.
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