The company significantly increased its net profit compared to the same period last year, reaching 2 million euros.
Having reported a net loss of 23 million euros for the same period last year, the company has thus achieved a significant recovery. Earnings per share amounted to 0.02 euros (Q2 2024: loss of 0.23 euros).
Record high in North America and low in Europe
In the second quarter of 2025, Klöckner & Co shipped a total of 1.2 million tons, maintaining volumes at the level of the previous quarter last year. Despite the general market conditions, shipments to North America reached record levels, while weak demand in Europe had a negative impact on shipments in the region.
Sales revenue decreased to 1.6 billion euros due to falling prices (Q2 2024: 1.8 billion euros). However, despite the price pressures, the company achieved adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of 65 million euros, which is significantly higher than the level of 42 million euros compared to the same quarter last year.
Stable financial position with positive cash flow
In the second quarter of 2025, the company's cash flow from operating activities reached 75 million euros. This figure exceeds the figure of 61 million euros recorded in the same period last year. Despite a net cash outflow of 31 million euros due to investments, free cash flow was 44 million euros (Q2 2024: 41 million euros).
CEO Kerkhoff: "Our strategic approach ensures sustainable growth"
Guido Kerkhoff, CEO of Klöckner & Co SE attributed the company's success in the second quarter to its strategic focus. Kerkhoff stated: "By increasing our electrical steel production capacity and making targeted acquisitions, we are unlocking new potential and strengthening our position as a leading metalworking company. This means that we are paving the way for sustainable and profitable growth and accelerating Klöckner's transformation. & Co in our main markets of North America and Europe."
Increased investment in the production of electrical steel
The company has increased its investments in the production of electrical steel, in particular to meet the growing demand in North America. The newly established high-tech manufacturing and service facility will provide services in areas such as grain-oriented cold-rolled electrical steel (CRGO) processing, slitting
