Kloeckner & Co Ag (KLKNF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Joseph from Investor Relations. On behalf of my entire team, I would like to welcome you to our Q3 2025 conference call. Joining me today are our CEO, Ido Kerkhoff, our CFO, Oliver Falk, and our CEO, America, John Gannon. They will guide you through the presentation, and afterwards, we're happy to answer your questions. To ask a question, please press the live Q&A button, and we will then open your live. With that, I'd like to hand over to you, Ido. Yes, thank you, and welcome to our Q3 25 conference call. We're looking back at a quarter characterized by persistently challenging market involvement and decreasing steer prices in the U.S. Despite these developments, we delivered another solid performance. This confirms our strategic path and our successful development. I will now begin with the financial highlights of the quarter. Shipments came in at 1.144,000 tons, showing a slight year-over-year improvement. This development was mainly driven by the continued positive performance of our segment Plutner Metals in Americas, but still supported by shipments in our segment Plutner Metals Europe, which increased slightly, which is pretty different to what the market outcome overall is in Europe, but we could increase slightly after a couple of quarters where we were shrinking. Sales came in at 1.6 billion, which is a slight decrease year over year, despite the positive level compared to the same quarter last year. We achieved a considerable year-over-year increase in gross profit, whereas gross profit of last year's quarter was particularly affected by windfall losses due to the significant steel price correction in Q3-24. Gross profit margin also improved considerably compared to the previous year's quarter. EBITDA, therefore, before material special effects, came in at...