Klöckner & Co., a German manufacturer and distributor of steel and non-ferrous metals, announced its financial results for the first quarter of this year.
The company recorded a net loss of 4 million euros in the quarter, compared with a net loss of 28 million euros in the first quarter of 2025, and its sales revenue was 1.57 billion euros, down 5.9 percent in on an annual basis. year, mainly due to a decrease in supplies. In addition, EBITDA Klöckner & Co. was 41 million euros, compared to 17 million euros in the same quarter last year.
In addition, the company's steel shipments in the first quarter fell to 1.10 million tons, compared to 1.17 million tons recorded in the corresponding quarter last year.
In the second quarter of 2026, Klöckner said it expects a slight increase in shipments and a significant increase in sales compared to the previous quarter. Regarding the takeover bid for US steel company Worthington Steel, the company highlighted that by the end of the additional takeover period, Worthington Steel had acquired approximately 61.87 percent of all outstanding Klöckner shares. Shortly after the end of the first acceptance period, Worthington Steel announced its intention to enter into a dominance and profit-and-loss transfer agreement. Closing of the transaction is subject to regulatory approval and is expected in the second half of 2026.
