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Last €8.49 EUR
Change Today +0.119 / 1.42%
Volume 646.3K
KCO On Other Exchanges
Symbol
Exchange
OTC US
As of 3:35 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

kloeckner & co se (KCO) Snapshot

Open
€8.37
Previous Close
€8.37
Day High
€8.56
Day Low
€8.35
52 Week High
09/17/14 - €11.64
52 Week Low
06/9/15 - €7.56
Market Cap
847.0M
Average Volume 10 Days
788.1K
EPS TTM
€-0.03
Shares Outstanding
99.8M
EX-Date
05/13/15
P/E TM
--
Dividend
€0.20
Dividend Yield
2.35%
Current Stock Chart for KLOECKNER & CO SE (KCO)

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kloeckner & co se (KCO) Details

Klöckner & Co SE, through its subsidiaries, engages in the distribution and service of steel and metal products. The company operates through Europe and Americas segments. Its product portfolio comprises special profiles; sheets for shipbuilding and machinery engineering; tubes and hollow sections, such as precision steel and heavy wall tubes; steel bars for machinery engineering; sectional steel for mechanical engineering; and special products, including plastics, ironware, and accessories, as well as products for building services, plumbing, roof and wall construction, and water supply. The company also offers services, such as cutting and splitting of steel strips, cutting to length, flame cutting, CNC turning/milling, and surface treatment. In addition, it provides consulting, procurement, warehousing, processing, and distribution services. The company serves small to medium-sized steel and metal consumers from the construction, machinery, and mechanical engineering industries; and supplies intermediate products for the automotive, shipbuilding, and consumer goods industries. Klöckner & Co SE was founded in 1906 and is headquartered in Duisburg, Germany.

9,737 Employees
Last Reported Date: 05/8/15
Founded in 1906

kloeckner & co se (KCO) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €1.3M
Chief Financial Officer and Member of the Man...
Total Annual Compensation: €780.0K
Member of Management Board
Total Annual Compensation: €922.0K
Member of Management Board
Total Annual Compensation: €780.0K
Compensation as of Fiscal Year 2014.

kloeckner & co se (KCO) Key Developments

Klöckner & Co SE Announces Board Changes

On July 14, 2015 Prof. Tobias Kollmann has been appointed to the supervisory board of the Klockner & Co SE by the Duisburg District Court with immediate effect. He succeeds Robert J. Koehler, who passed away on May 17, 2015.

Klöckner & Co Se Appoints Kpmg AG Wirtschaftsprüfungs-Gesellschaft as Auditor for the Annual Financial Statements and the Consolidated Financial Statements for Fiscal Year 2015

Klöckner & Co SE announced appointment of KPMG AG Wirtschaftsprüfungs-gesellschaft, Berlin, Germany, as auditor for the annual financial statements and the consolidated financial statements for fiscal year 2015.

Klöckner & Co SE Announces Group Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Second Quarter, Second Half and Full Year of 2015 and for 2017

Klöckner & Co SE announced group earnings results for the first quarter of 2015. For the quarter, exchange rate changes made for stronger sales growth of 8.0% to EUR 1.7 billion. Due to a sharp drop in prices - above all in the US - gross profit went up by a significantly smaller increment than sales, increasing by 2.5% to EUR 310 million, compared with EUR 302 million in the prior-year period. Adjusted operating income (EBITDA), at EUR 17 million against EUR 45 million a year ago, was at the lower end of the projected range of EUR 15 million to EUR 25 million. After the recognition of levies for the full year under the new accounting rule IFRIC 21, EBITDA came to EUR 10 million against EUR 39 million a year ago. EBIT was impacted more heavily due to exchange rate-driven higher depreciation and amortization, going from a positive EUR 17 million to a negative EUR 15 million. Adding in tax benefit of EUR 6 million left net loss of EUR 22 million against net loss of EUR 2 million a year ago. Basic earnings per share fell accordingly from a negative EUR 0.02 to a negative EUR 0.22. The drop in earnings in the first quarter was due to the sharp fall in steel prices in the US - and also in Switzerland. Cash flow from operating activities came in at negative EUR 143 million. This mainly relates to the seasonal networking capital buildup of EUR 131 million. Net CapEx was EUR 1 million. Consequently, net debt increased from EUR 472 million to EUR 650 million, also impacted by FX effects of EUR 29 million. For the second quarter the Group expects sales to increase slightly due to seasonal factors. Operating EBITDA is projected to be in a range of between EUR 35 million and EUR 45 million. The expected rise in earnings compared with the preceding quarter will be helped along by the anticipated reduction in pressure from falling steel prices and also increasingly by the impact of internal optimization measures. The company expects to see a noticeable rise in operating income in the second half of 2015. However, it announced target of an increase in EBITDA for the full year - before restructuring measures - appears very ambitious in light of the significantly altered environment. The company aims to raise the EBITDA margin to over 5.0% by 2017.

 

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Industry Analysis

KCO

Industry Average

Valuation KCO Industry Range
Price/Earnings 100.0x
Price/Sales 0.1x
Price/Book 0.6x
Price/Cash Flow 8.7x
TEV/Sales NM Not Meaningful
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