Klöckner & Co Shows Resilient Performance, Advances Worthington Steel Deal

Klöckner & Co reported a solid operational performance in Q2 2026, with an EBITDA of €63 million, showing improvement from Q1 2026 but slightly down from Q2 2025. Sales reached €1.7 billion, a rise from the previous year, reflecting a 12.1% increase when adjusted for the sale of US distribution sites. The company's net income, however, was impacted by a €151 million impairment charge related to the Becker Group, resulting in a net loss of €-268 million.

The merger with Worthington Steel progresses, with a delisting offer expected to conclude by August 12, 2026. Despite market challenges, Klöckner & Co remains focused on strengthening its core operations and anticipates a full-year EBITDA between €170 million to €250 million. The Becker Group divestment continues as planned, aligning with the company's strategy to focus on profitable growth in high value-added products and services.