Klöckner-Werke AG / Quarter Results
30.04.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* Incoming orders EUR 175.6 million (Previous year: EUR 258.6 million)
* Sales EUR 194.2 million (Previous year: EUR 254.6 million)
* EBIT - EUR 20.2 million (Previous year: EUR 8.2 million)
Frankfurt am Main, April 30, 2009 - In the first quarter of 2009, sales of
the Klöckner Group totalled EUR 194.2 million, EUR 60.4 million below the
previous year's figure. The reason for the sharp decline is the drop in
incoming orders, especially in the second half of 2008, due to the global
economic crisis. They fell to EUR 175.6 million in the first quarter of
2009 (previous year: EUR 258.6 million). The decline is thus not as sharp
as the decline in the German mechanical engineering sector as a whole, but
as expected is still far below the prior-year level.
EBITDA amounted to EUR -13.2 million (previous year: EUR 13.0 million),
while EBIT was EUR -20.2 million (previous year: EUR 8.2 million) and EBT
EUR -22.9 million (previous year: EUR 5.4 million). Correspondingly, the
consolidated net result for the period was negative. It was EUR -22.6
million and therefore EUR 24.0 million below the prior-year figure.
In addition to the drop in sales due to the economic situation, fixed costs
also impacted earnings. Adjusted for the effects on the first-time
consolidation of the PET companies, staff costs were down slightly
year-on-year. Some of the costs in the Group were already reduced using
appropriate measures, such as cutting back on temporary work and
introducing reduced working hours. In view of the recovery in the order
situation expected in the medium-term, Klöckner is using these measures to
bridge the gap of the economic crisis.
Based on current industry news, the Klöckner Group is forecasting
significantly weaker sales and earnings in 2009 as compared with 2008.
However, after the global economy returns to 'more normal conditions', a
backlog in filling systems investment is expected in the medium term. This
development is a significant opportunity for the Group as well as necessary
in the view of the business management because population growth and higher
standards of living result in growing demand for higher-quality food and
beverages and their packaging, particularly in emerging economies. The
Klöckner Group will react to the difficult general economic conditions by
actively using the named opportunities and offensive steps to minimise
fixed costs, so as to create the basis of a positive development in
subsequent years.
The Management Board
Contact for further enquiries:
Klöckner-Werke AG
Andrea Spiekermann
Media/Investor Relations
Tel.: 069 90026-510
Fax: 069 90026-44-510
kommunikation@kloecknerwerke.com
DGAP 30.04.2009
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Language: English
Issuer: Klöckner-Werke AG
Postfach 17 04 55
60078 Frankfurt am Main
Deutschland
Phone: +49 (0)69 900 26 0
Fax: +49 (0)69 900 26 110
E-mail: kommunikation@kloecknerwerke.de
Internet: www.kloecknerwerke.de
ISIN: DE0006780000, DE000A0WMQY3
WKN: 678000, WKN A0WMQY
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Klöckner-Werke AG: Key financial data for the first quarter of 2009
| Source: EQS Group AG