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Klöckner & Co (KCO) investor relations material
Klöckner & Co Kepler Cheuvreux German Investment Seminar 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and strategic direction
Operates from Düsseldorf with 120 locations, serving over 60,000 customers mainly in North America and Europe, and employs around 6,500 people.
Achieved €6,623 million in revenue and €136 million EBITDA in FY 2024, focusing on higher value-added business (HVAB) for profitability and stability.
Strategic shift towards service center and metal processing, reducing exposure to steel price volatility and commodity cycles.
SBTI-approved net zero carbon targets, embedding sustainability into operations and product offerings under the Nexigen® brand.
Global network with a strong customer focus, leveraging digitalization and automation for operational excellence.
Strategic initiatives and business transformation
Expanding HVAB and service center business to increase profitability and reduce volatility, with longer-term contracts and higher barriers to entry.
Divested low-margin distribution sites in the US and Europe, reallocating capital to higher-growth, higher-margin segments.
Acquired NMM, IMS, Sol Components, Amerinox, and Ambo-Stahl to strengthen manufacturing and processing capabilities.
Enhanced presence in defense, infrastructure, and advanced manufacturing sectors in both Europe and North America.
Invested in new facilities for electrical steel, aluminum processing, and building installation value chains to capture growth in energy, automotive, and construction markets.
Financial performance and outlook
Q3 2025 shipments rose 1.9% YoY, but sales declined 2.2% due to lower average prices; gross profit increased 12.9% YoY.
Q3 2025 EBITDA before special effects was €43m, more than doubling YoY; negative operating cash flow due to temporary net working capital increase.
Net financial debt increased to €1,003m by September 2025, with a leverage ratio of 5.5x and equity ratio of 44%.
FY 2025 EBITDA before special effects expected between €170–240m, with a significantly positive operating cash flow anticipated.
Dividend policy targets 30% of net income before special items, with recent payouts of €0.20 per share for 2023 and 2024.
- TimeTickerHeadlineOpen
- 5 FebNOV
Q4 revenue up 5% sequentially; strong cash flow and shareholder returns, but 2026 outlook cautious. - 5 FebGL
Earnings and premium growth drive higher 2026 guidance and continued share repurchases. - 5 FebARES
AUM up 29% to $622.5B, with record fundraising, earnings growth, and a 20% dividend hike. - 5 FebSKEL
NAV per share reached ISK 22.4, profit was ISK 4,297m, and a ISK 6,000m dividend was paid. - 5 FebCRNO
Advancing HDAC inhibitors for rare cardiopulmonary diseases, targeting major market and partnership milestones. - 5 Feb035760
Operating profit doubled YOY in Q4 2025, led by digital and global content growth. - 5 Feb033780
Record revenue, profit, and shareholder returns driven by global expansion and real estate growth. - 5 FebCMS
2025 adjusted EPS up 8%+ to $3.61, beating guidance, with a $24B capital plan and higher 2026 outlook. - 5 FebBTU
Q4 net income fell, but Centurion ramp-up and U.S. demand support future growth. - 5 FebFGA
Record Q3 revenue and strong backlog support positive outlook despite operational risks.
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