German metals distributor Klöckner reports best Q1 earnings in 6 years

German metals distributor Klöckner has shown a 381.25% year-on-year jump in first-quarter earnings amid higher prices and efficiency measures, the company said on Wednesday April 26.

Klöckner’s earnings before interest, taxes, depreciation and amortisation (Ebitda) grew to €77 million ($83.86 million) in January-March 2017, up from €16 million ($17.43 million) in the corresponding period in 2016.

The improved results were driven by the general price recovery, along with the positive effects of the company's 'One Europe' restructuring and optimisation measures....

Published

Maria Tanatar

April 26, 2017

18:29 GMT

Dnepr

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