Klöckner & Co lifted shipments in the third quarter but revenue dropped due to depressed pricing. Focus continued on expanding higher-margin steel sales share.
Q3 shipments were at 1.1 million tonnes, a slight increase of 1.9% on-year, Kallanish notes.
Revenue however decreased by 2.2% on-year to €1.6 billion ($1.83 billion) due to price factors. Ebitda adjusted before special effects was €43 million, marking a considerable increase than the previous year’s €21m and thus continuing the positive trend from the first two quarters of 2025, the enterprise claims.
In the first nine months, Klöckner & Co raised shipments by 1.5% on-year to almost 3.5mt, mainly thanks to a continued positive trend in the Kloeckner Metals Americas segment.
Revenue decreased to €4.9 billion compared to €5.1 billion. Ebitda before special effects amounted to €150m compared to €104m in January-September 2024.
“In a challenging market environment, we have once again shown that our strategy is working by doubling our operating income in the third quarter,” says Klöckner & Co chief executive Guido Kerkhoff. “We have continued the positive trend in the Kloeckner Metals Americas segment, and our sharpened focus on higher value-added and service centre business will continue to permanently strengthen our earnings profile. The sale of eight US distribution sites is another key step in the targeted reallocation of capital to higher-margin areas.”
Additionally, the company has further expanded its capabilities as a technology partner in the defence and infrastructure sector in Germany. At the beginning of the year, Klöckner & Co’s German subsidiary acquired and successfully integrated Ambo-Stahl, a provider of high-quality processing services for the defence and infrastructure sector.
Building on this acquisition, Klöckner & Co has expanded its service portfolio and obtained official certification in Kassel for processing armour steel in accordance with German Federal Armed Forces (Bundeswehr) specifications. The expansion of capabilities is a further step towards profiting more from increased defence expenditure across Europe, the steelmaker concludes.
For fiscal year 2025, Klöckner & Co continues to expect Ebitda of €170m to €240m before special effects. Furthermore, the company continues to expect a significantly positive cash flow from operating activities.
Svetoslav Abrossimov Bulgaria
