Kloeckner & Co Ag (KLKNF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, this is Fabian Joseph from Investor Relations. Also on behalf of my entire team, I wish you a warm welcome to our Q2 2016 conference call. With me today are our CEO Guido Kerkhoff and our CFO Oliver Falk. They will guide you through the presentation and afterwards we're happy to take your questions. In order to ask a question, you have to press the live Q&A button and we will open your line. With that, I'd like to hand over to you Guido. Yes, thank you and welcome to our Q2 26 conference call. Let's begin with the financial highlights of the quarter. I'd like to remind you that at the end of the full year 25, we successfully sold eight US distribution sites in order to focus even more on higher value-added products and services. As in our previous analysts and investor presentations, we also included the deltas for a divestment-adjusted baseline to enable a true year-over-year comparison. At the group level, shipments in the second quarter decreased slightly year over year. Negative development is mainly driven by the aforementioned sale of eight US distribution sites at the end of fiscal 25. However, this was partly offset by positive momentum in our segment, Clarkland Metals Europe. Excluding the divestment, shipments increased by 4.3% year over year. This is proof that our growth strategy remains intact and that the implemented strategic initiatives are gaining traction. Sales increased slightly by 3% on a year-over-year basis due to a higher average price level. On an adjusted basis, excluding the divestment, sales increased by 12.1%. Gross profit decreased considerably year-over-year, largely attributable to the write-down at Becker, which affects the comparability of the year-over-year development rather than reflecting a deterioration in the un...