Klöckner & Co provides positive Q2 outlook

German metals distributor Klöckner & Co has scrapped its originally negative outlook for the second quarter of 2020 and now expects a more positive scenario as long as the impact of Covid-19 is mitigated in its results, the company said on June 22.

"The negative impact of the global Covid-19 pandemic on shipments and operating income (Ebitda) at Klöckner & Co in the second quarter was mitigated more than expected, supported by the advanced digitalization of the company," Klöckner said.

As a result, the company's outlook for the second quarter of the 2020 financial year -...


Julia Bolotova

June 23, 2020

10:18 GMT