Q2 2026 Kloeckner & Co SE Earnings Call Transcript

Aug 5, 2026 / 12:00 PM GMT

Transcript

Key Points

Positve

Kloeckner & Co SE (KLKNF) delivered strong like-for-like growth, with shipments up 4.3% and sales up 12.1% year-over-year, excluding divestments.
The Europe segment achieved its highest quarterly EBITDA since Q1 2023, marking the second consecutive quarter of positive earnings contributions.
EBITDA before material special effects of EUR63 million landed in the upper half of guidance, supported by positive volume and price effects.
The company generated positive free cash flow of EUR7 million in Q2 2026, despite a challenging environment.
Management confirmed a strong start to Q3 2026, with momentum continuing from the second quarter.

Negative

Reported gross profit fell sharply to EUR243 million from EUR320 million, largely due to a write-down at Becker, dragging the margin down to 14.4%.
Net financial debt increased to EUR1.108 billion, driven by leases, FX, and dividend payments, despite positive free cash flow.
Operating cash flow of EUR10 million was considerably lower than the prior year's quarter.
The full-year EBITDA guidance of EUR170-250 million appears conservative, with the company having already reached 52% of the midpoint in H1.
European automotive demand was revised downward to flat for 2026, reflecting persistent weakness in consumer sentiment and trade uncertainty.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KCOGn.DE - Kloeckner & Co SE
Q2 2026 Kloeckner & Co SE Earnings Call
Aug 05, 2026 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Hello, everyone. This is Fabian Nieuwe from Investor Relations. Also, on behalf of my entire team, I wish you a warm welcome to our Q2 2026 conference call.

And with me today are our CEO, Guido Kerkhoff and our CFO, Oliver Feich. They will guide you through the presentation and afterwards, we're happy to take your questions. In order to ask a question, you have to press the live Q&A button and we will open your line. With that, I'd like to hand over to you, Guido.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Yes, thank you, and welcome to our Q2 '26 conference

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.