Kloeckner & Co

Klockner & Co is a holding company. Co. is engaged in the mill-independent distributor of steel and metal products and steel service center in the combined European and American market. Co.'s core business is the distribution of steel and non-ferrous metals as well as the operation of steel service centers. Co. concentrated mainly in the construction industry as well as the machinery and mechanical engineering industries. Co. also supplies intermediate products for the automotive, shipbuilding, and consumer goods industries, and provides customers solution from procurement through logistics to prefabrication, including individual deliveries and 24-hour service.
  • TickerKCO
  • ISINDE000KC01000
  • SectorIndustrial Metals & Mining
  • CountryGermany

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US dollar (DXY), which has been great news for EM equities. As outlined in our 12/19/19 Int'l Compass an...

Marc Pierron

Good 1Q18, FY18 outlook slightly increased

Kloeckner’s 1Q18 results showed volume was stable yoy at 1,584kt with a robust market in the USA offsetting a softer European market and the effect of the disposal of the Spanish activities last year. Sales edged up by 1.6% yoy as the average steel price increase compensated for the lower USD, with Americas representing 37% of total sales.

Marc Pierron

KLOECKNER & CO - Decent 4Q17, outlook supportive for FY18

German steel distributor, Kloeckner&Co (KCO), reported a decent 4Q17, topping off the best year since FY11. The outlook for FY18 is positive in terms of demand and the company expects at least the same level of profitability.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior