Klöckner-Werke AG
Klöckner-Werke AG: Key financial data for the 9-month-report 2009
Klöckner-Werke AG / Quarter Results 04.11.2009 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- * Incoming orders EUR 537,8 million (Previous year: EUR 692,3 million) * Sales EUR 545,1 million (Previous year: EUR 788,6 million) * EBIT EUR - 67,0 million (Previous year: EUR 28,0 million) Frankfurt am Main, 4 November 2009 - The development of the Klöckner Group's incoming orders in the first nine months of 2009 suggests that the industry has overcome the worst of the economic crisis. Although the figures remain substantially lower than in the previous year, the pace of the downturn has slowed: incoming orders were down 32.1% year-on-year at the end of the first quarter, 27.0% at the end of the first six months and 22.3% after the first three quarters of the current financial year. All in all, the Klöckner Group recorded incoming orders of EUR537.8 million in the first nine months of 2009, compared with EUR692.3 million in the same period of the previous year. Sales remained significantly lower on a year-on-year basis at EUR545.1 million (previous year: EUR788.6 million). Due to the long-term order processing that is typical for the industry, which often lasts several months on account of the size of the projects concerned, it can take some time before a recovery in the order situation is reflected in sales. The low level of sales and margins resulted in a substantially negative consolidated earnings situation. Although various measures were implemented to reduce operating expenses, this was not enough to fully offset the extensive impact of the downturn in incoming orders over the course of the year. EBIT declined to EUR 67.0 million (previous year: EUR28.0 million). Similarly, the consolidated net result for the period was clearly negative at EUR 73.4 million, down EUR84.4 million on the same period of the previous year. Compared with some other mechanical engineering companies, Klöckner's business is benefiting from the possibility of regeneration in the medium term. The main area of business - filling and packaging technology - is not experiencing any sales problems of a fundamentally structural nature. According to market studies, the global packaged drinks volume is expected to continue to increase on the back of the growth in the world's population and steadily rising demand for comfortable and hygienic drinks consumption. Based on current information, the fourth quarter of 2009 will not see a significant turnaround in the sales and earnings development of the Klöckner Group. Even a continued recovery in the order situation between now and the end of the year would not have a tangible impact on the figures for the current financial year on account of the length of the projects concerned. Accordingly, 2009 as a whole is likely to see a sharp downturn in sales and, accordingly, a substantially weaker earnings situation than in 2008, as has been demonstrated by the results for the year to date. The group expects to see a recovery in 2010 compared with 2009, albeit with a market volume that is still considerably smaller than in the extremely strong years of 2007 and 2008. The Management Board Contact: Klöckner-Werke AG Andrea Spiekermann Media/Investor Relations Telefon: +49 (0)69 90026-510 Fax: + 49 (0)69 90026-44-510 kommunikation@kloecknerwerke.com 04.11.2009 Financial News transmitted by DGAP --------------------------------------------------------------------------- Language: English Company: Klöckner-Werke AG Postfach 17 04 55 60078 Frankfurt am Main Deutschland Phone: +49 (0)69 900 26 0 Fax: +49 (0)69 900 26 110 E-mail: kommunikation@kloecknerwerke.de Internet: www.kloecknerwerke.de ISIN: DE0006780000, DE000A0WMQY3 WKN: 678000, WKN A0WMQY Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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