Klöckner & Co (KCO) posted a net loss in the third quarter of 29 million euros compared to a loss of 12 million euros, prior year. Loss per share from continuing operations was 0.29 euros compared to a loss of 0.04 euros. Operating income or EBITDA adjusted for material special effects was 21 million euros compared to 44 million euros, previous year.
In the third quarter, the company increased shipments to 1.1 million tons, up 2.8% on the prior-year quarter. Sales declined to 1.65 billion euros from 1.76 billion euros due to lower steel prices.
For fiscal 2024, Klöckner & Co continues to forecast EBITDA before material special effects of between 120 million euros and 180 million euros.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.