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KlöCo expects positive EBITDA in the first quarter


FRANKFURT (Dow Jones) – Kloeckner & Co SE (KlöCo) anticipates a continuation of profit trends. In the first quarter he expected a positive earnings before interest, taxes, depreciation and amortization (EBITDA) said Gisbert Rühl, chief executive of the Duisburg Steel trader, on Tuesday to analysts. The morning had already KlöCo for the last two quarters of positive operating Results indicated.
At the same time, the concretized Rühl earnings target for the Full year. He expects an EBITDA in the hundreds of millions of dollars, he said. Previously the company had a "clearly positive" below the target operating profit margin of 6% for 2010 in view made. The turnover in 2009 stood at EUR 3.9 billion, will this year by more than 20% . rise


Website: www.kloeckner.de

-By Martin Rapp, Dow Jones Newswires;
+49 (0) 211 1387 214, martin.rapp @ dowjones.com
DJG / mmr / has
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(END) Dow Jones Newswires

March 09, 2010 08:54 ET (13:54 GMT)

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