Klöckner & Co SE disposes 2020 outlook on coronavirus concerns

German metals distributor Klöckner & Co SE has invalidated its outlook for the financial year 2020 because of the effects of the novel coronavirus (2019-nCoV) pandemic.

“Against the background of the impact of the global COVID-19 pandemic on the economy, the previous expectation for fiscal year 2020 published in the group forecast by Klöckner & Co SE on March 10, 2020, can no longer be maintained,” the company said.

Klöckner was not able to provide any reliable outlook...


Julia Bolotova

March 25, 2020

15:35 GMT