Klöckner and Co. SE (KCO.DE), a steel and metal distribution company, Wednesday, said that its third-quarter loss narrowed from a year ago, helped by a good performance from the Kloeckner Metals Americas segment. Quarterly sales declined 2.2 percent from last year and the company also reaffirmed its outlook for fiscal 2025.
The company reported net loss attributable to shareholders of Klöckner & Co SE of 13.09 million euros or 0.13 euro per share in the third quarter, compared to net loss of 29.15 million euros or 0.29 euro per share in the same period last year.
During the three-month period, pre-tax loss narrowed to 5.23 million euros from loss before tax of 33.28 million euros in the corresponding period a year ago.
According to Klöckner, quarterly sales declined to 1.61 billion euros from 1.65 billion euros in the prior-year quarter.
The company said that EBITDA climbed to 36 million euros in the given quarter from 13 million euros in the same period of fiscal 2024. Adjusted EBITDA rose to 43 million euros in the third quarter from 21 million euros in the previous-year period.
Looking ahead, for fiscal 2025, the company continues to expect EBITDA in the 170 million euros to 240 million euros range, after excluding material special effects.
On the XETRA Exchange, KCO.DE is down 1.1 percent on Wednesday's trading at 5.31 euros.
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