EANS-News: Klöckner & Co SE / Klöckner & Co adopts profitability action plan, expects boost to EBITDA in mid double-digit millions of euros

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Strategic management decisions

Duisburg (euro adhoc) - Klöckner & Co adopts profitability action
plan, expects boost to EBITDA in mid double-digit millions of euros

Duisburg, September 7, 2011 - As announced on presentation of the
half-year results on August 10, the Management Board of Klöckner & Co
SE has responded to the revised expectations for global economic
growth with a profitability action plan. Alongside measures to cut
administration costs and overheads, the initiatives notably center on
structural changes in the country organizations. This includes
discontinuing business segments where target operating margins no
longer appear likely to be attained in the medium term due to the
changed operating environment. Klöckner & Co expects that the action
plan will deliver an annual boost to operating income in the mid
double-digit millions of euros. The one-off expenditure required to
achieve this lies in the low double-digit millions of euros and will
be financed in full out of disposal proceeds. Despite the
discontinuation of business segments with sales in the mid
triple-digit millions of euros, the Management Board of Klöckner & Co
is continuing its Klöckner & Co 2020 growth strategy.

Gisbert Rühl, Chairman of the Management Board of Klöckner & Co SE:
"Even though the current volume development is still in line with
expectations, by responding early to the global economic growth
slowdown we want to be sure that we regain our EBITDA margin target
of 6% as soon as possible."

About Klöckner & Co: Klöckner & Co is the largest
producer-independent distributor of steel and metal products and one
of the leading steel service center companies in the European and
American markets combined. The core business of the Klöckner & Co
Group is the warehousing and distribution of steel and non-ferrous
metals as well as the operation of steel service centers. More than
170,000 active customers are supplied through around 290 distribution
and service locations by around 11,000 employees in 16 countries in
Europe and America. The Company had sales of around EUR5.2 billion in
the fiscal year 2010.

The shares of Klöckner & Co SE are admitted to trading on the
regulated market segment (Regulierter Markt) of the Frankfurt Stock
Exchange (Frankfurter Wertpapierbörse) with further post-admission
obligations (Prime Standard). Klöckner & Co shares are listed in the
MDAX® index of Deutsche Börse.

ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.

Further inquiry note:
Dr. Thilo Theilen
Leiter Investor Relations
Telefon: +49 (0)203 307 2050
E-Mail: thilo.theilen@kloeckner.de

end of announcement euro adhoc
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company: Klöckner & Co SE
Am Silberpalais 1
D-47057 Duisburg
phone: +49(0)203-307-0
FAX: +49(0)203-307-5000
mail: info@kloeckner.de
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English