DUISBURG (dpa-AFX) - German steel maker Kloeckner & Co SE (KLKNF) reported
Tuesday that its first-quarter consolidated loss was 32 million euros. Loss per
share was 0.33 euro, compared to loss of 0.08 euro in the prior year.

In March 2024, the company completed the sale of parts of its European
distribution business.

On a continuing operations basis, loss was 8 million euros in the first quarter,
compared to profit of 24 million euros a year ago. Loss per share from
continuing operations was 0.08 euro, compared to profit of 0.23 euro last year.

Adjusted EBITDA was 42 million euros, lower than last year's 65 million euros.

Sales declined to 1.7 billion euros in the first quarter from last year's 1.8
billion euros due to price movements, amid the persistently challenging
macroeconomic environment.

Total shipments, however, increased 5% from last year and amounted to 1.1
million metric tons.

Looking ahead for the second quarter, the company expects a considerable
increase in shipments and sales compared to the preceding quarter.

EBITDA before material special effects is projected to be 30 million euros to 70
million euros for this period.

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