Annual General Meeting 2026
Klöckner & Co SE
May 20, 2026
Fiscal year 2025
Achieved considerable increase in EBITDA*) - Proposing a fifth consecutive dividend
FY 2025 | FY 2024 | |
Shipments (Tto) | 4,528 | 4,453 |
Sales (€m) | 6,380 | 6,632 |
EBITDA*) (€m) | 171 | 136 |
Net income (€m) | -53 | -146 |
Oper. CF (€m) | 110 | 160 |
FY 2025 | FY 2024 | |
Equity (€m) | 1,582 | 1,721 |
Equity ratio (%) | 48.2 | 48.6 |
Liquid funds (€m) | 60 | 121 |
Net financial debt (€m) | 709 | 780 |
Employees | 6,500 | 6,507 |
*) Before material special effects.
Klöckner & Co SE | Annual General Meeting 2026 3
First quarter 2026
Promising start into 2026 - adjusted for divestment of eight US distribution sites, shipments increased by 2.1%
Q1 2026 | Q1 2025 | |
Shipments (Tto) | 1,096 | 1,170 |
Sales (€m) | 1,568 | 1,666 |
EBITDA*) (€m) | 46 | 42 |
Net income (€m) | -4 | -28 |
Oper. CF (€m) | -270 | -118 |
Q1 2026 | Q1 2025 | |
Equity (€m) | 1,648 | 1,592 |
Equity ratio (%) | 44.5 | 45.6 |
Liquid funds (€m) | 53 | 90 |
Net financial debt (€m) | 1,092 | 914 |
Employees | 6,143 | 6,451 |
*) Before material special effects.
Klöckner & Co SE | Annual General Meeting 2026 4
EBITDA development in FY 2025 and Q1 2026
Considerable increase of EBITDA before material special effects in FY 2025 and Q1 2026
FY 2025 vs. FY 2024 (€m) Q1 2026 vs. Q1 2025 (€m)-65
-9
-6
46
-4
20
-20
171
-7
89
18
24
-8
136
19
152
34
6
41
EBITDA*)
Volume
Price
OPEX
F/X EBITDA
Material
EBITDA
EBITDA
Material
Effects
EBITDA*)
Volume
Price
OPEX**)
F/X**)
EBITDA*) Material
EBITDA
FY 2024
effect
effect
FY 2025*)
special effects
FY 2025
Q1 2025
special effects
from divested
Q1 2025**)
effect**)
effect**)
Q1 2026
special effects
Q1 2026
*) Before material special effects.
**) Like for like: Baseline Q1 2025 adjusted for divestment of eight US distribution sites, yoy.
Klöckner & Co SE | Annual General Meeting 2026
US sites
5
Share price development
Performance mainly driven by public takeover offer by Worthington Steel
Fiscal year 2025 | Fiscal year 2026*) | ||||||||||||
Klöckner & Co | 83% | Klöckner & Co | 54% | ||||||||||
ArcelorMittal | 74% | ArcelorMittal | 40% | ||||||||||
Salzgitter | 153% | Salzgitter | 39% | ||||||||||
thyssenkrupp | 210% | thyssenkrupp | 12% | ||||||||||
DAX | 23% | DAX | -1% | ||||||||||
SDAX | 25% | SDAX | 6% | ||||||||||
*) As of May 13, 2026.
Klöckner & Co SE | Annual General Meeting 2026 6
Public takeover offer by Worthington Steel
February 5
Beginning of offer period
April 14
End of additional offer period
2026
Expected closing
January 15
Klöckner & Co SE signs business combination agreement with Worthington Steel
March 31
Worthington Steel announces that the adjusted minimum acceptance threshold has been exceeded
April 17
Worthington Steel announces that it has secured around 61.87% of all outstanding shares of Klöckner & Co by the end of the additional acceptance period
Klöckner & Co SE | Annual General Meeting 2026 7
Our strategic progress
Reducing underlying volatility while increasing profitability
Continued to focus on higher value-added products and services
Reached significant milestones in the recent past:
Strengthened the portfolio through targeted acquisitions and divestments, including Ambo Stahl, Haley Tool & Stamping, Simfloc AG, and Locher Bewehrungen, alongside the divestment of distribution businesses in the US and Brazil to sharpen strategic focus
Broke ground for a new aluminum flat rolled processing facility in Columbus, Mississippi, and launched a new heavy fabrication operation at former Bauer Built Manufacturing site in Paton, Iowa
Increased electrical steel capacity, and installed a new coil fed Schuler laser blanking line in Querétaro, Mexico
Sales split*) by business32%
31%
37%
42%
39%
19%
SC +8%p
HVAB +10%p
SC +3%p
42%
13%
45%
HVAB +3%p
FY 19 FY 25 Q1 26
HVAB SC Distribution*) Operational Group excl. Holding and consolidations.
Klöckner & Co SE | Annual General Meeting 2026 8
Outlook Q2 2026
Slight increase in shipments and considerable increase in sales expected (qoq)
EBITDA before material special effects expected to come in between €40-80m
FY 2026Shipments expected to decrease slightly yoy, while sales are expected to increase slightly yoy
EBITDA before material special effects expected to increase considerably yoy
Expecting positive operating cash flow, however below previous year's level
Klöckner & Co SE | Annual General Meeting 2026 9
Annual General Meeting 2026
Klöckner & Co SE
May 20, 2026
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