Klockner Expects Kloeckner Metals in U.S. to Boost Corporate Profitability

Written by: Sandy Williams

Klockner and Co. is undergoing a major restructuring program to shrink its European line to a profitable core by eliminating 60 sites, 40 of which have already been sold or closed. Klockner EBITDA before restructuring was €139 million in 2012 (down from €227 million in 2011) and €62 million after restructuring. The Company forecasts 2013 EBITDA of €200 million with €60 million coming from restructuring. Currently, the U.S. generates 40 percent of Klockner sales and expects that share to increase to 50 percent in the next year.