Kloeckner & Co. SE

KCO

Equity

ISIN DE000KC01000 / Valor 2597667

Xetra (2026-09-22)

EUR 13.00%

Kloeckner & Co. SE
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Kloeckner & Co. SE is a prominent independent distributor of steel and metal products, recognized as one of the leading steel service center companies globally. The company operates as an intermediary between steel producers and consumers, leveraging its independence from any single producer to offer a diverse range of sourcing options from approximately 40 main suppliers worldwide. Kloeckner & Co. capitalizes on economies of scale in global procurement and maintains a broad product portfolio, supported by an extensive sales and distribution network. The company is strategically focused on expanding its processing services to enhance its higher-margin business and reduce reliance on fluctuating steel prices. With a strong presence in the DACH region (Germany, Austria, and Switzerland) and North America, Kloeckner & Co. operates around 120 distribution and service locations, providing local access to a wide array of products. This extensive network allows the company to serve over 60,000 customers, primarily small to medium-sized enterprises in industries such as construction, machinery, mechanical engineering, and transportation, minimizing their need to maintain large inventories. The company's operations are managed through its Management Board and Corporate Headquarters, with activities executed by country-specific organizations across Europe and America.

Summarized from source with an LLMView SourceSector: Energy

Operating income (EBITDA)

EBITDA before material special effects was €46 million in Q1 2026, up from €42 million in Q1 2025 and €21 million in Q4 2025, showing a clear quarter‑on‑quarter and year‑on‑year improvement.

Shipments and sales

Reported shipments were 1.1 million tons (Q1 2026), down 6.4% vs. Q1 2025; adjusted for the divestment of eight US sites completed end‑2025, shipments rose by 2.1%. Reported sales declined to €1.6 billion (-5.9% y/y); adjusted for the divestment, sales increased by 2.1%.

Profitability metrics

Gross profit fell 5.8% to €298 million, but the gross profit margin remained stable at 19.0% (same as Q1 2025). Basic EPS improved to €-0.04 from €-0.28 in Q1 2025, reflecting the reduced net loss.

Net result

Net loss narrowed to €4 million in Q1 2026 (Q1 2025: net loss €28 million), indicating improved bottom‑line performance despite the challenging cash flow.

Cash flow and investments

Cash flow from operating activities was a €270 million outflow (Q1 2026) vs. €118 million outflow in Q1 2025, driven mainly by the seasonal increase in net working capital. After €36 million of capex, free cash flow was a €306 million outflow (Q1 2026).

Balance sheet / equity

Equity rose to €1,648 million at quarter end (Dec 31, 2025: €1,582 million), supported by €54 million actuarial gains on pensions and €24 million positive currency translation; the equity ratio declined to 44.5% (Dec 31, 2025: 48.2%).