Klöckner & Co Reports Strong Start to 2026 With Increased Operating Income

Klöckner & Co has announced a significant increase in its operating income for the first quarter of 2026, with EBITDA before material special effects reaching €46 million. This marks an improvement from both the same quarter in 2025 (€42 million) and the preceding quarter (€21 million).

The company faced a decline in shipments, with 1.1 million tons shipped compared to 1.2 million in Q1 2025, largely due to divestments in the US. Sales decreased to €1.6 billion from €1.7 billion year-on-year, though, adjusted for divestment, both shipments and sales effectively grew by 2.1%.

Worthington Steel's takeover bid surpassed the minimum acceptance threshold, securing 61.87% of shares. This aligns with Klöckner & Co’s strategy to bolster their product portfolio in North America and Europe.

Despite a net loss of €4 million, a reduction from the €28 million loss in Q1 2025, the company's equity grew to €1,648 million. Klöckner & Co forecasts an EBITDA of €40 million to €80 million in Q2 2026.