31
Oct
14:35
Klöckner adjusts guidance, plans job cuts
Klöckner & Co achieved an operating income (Ebitda) before material special impacts of €41 million ($49m) in the third quarter 2023, which was at the lower end of the forecast range of €40-80 million.
Hence, due to the ongoing macroeconomic weakness, especially in Europe, the German-based steel distribution group is adjusting its previous earnings forecast of €220-280m to €170-200m, Kallanish hears.
In the first nine months of the yea…
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Anonymous
Very good overview of the weekly steel market.
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