Q2-osavuosiraportti
34 päivää sitten‧36 min
0,20 EUR/osake
Viimeisin osinko
3,64 %
Tuotto/v
Tarjoustasot
Xetra
Määrä
Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
5,55VWAP
Alin
5,43VaihtoMäärä
1 180 001
VWAP
Ylin
5,55Alin
5,43VaihtoMäärä
1 180 001
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q2-osavuosiraportti | 6.8. | |
| 2025 Q1-osavuosiraportti | 7.5. | |
| 2024 Q4-osavuosiraportti | 12.3. | |
| 2024 Q3-osavuosiraportti | 6.11.2024 | |
| 2024 Q2-osavuosiraportti | 1.8.2024 |
Datan lähde: Quartr
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
27.8.·CHAT_GPT: Here is an honest, source-based “turnaround check” of Klöckner & Co (KCO, Xetra) – no frills. What’s happening in the numbers right now? Q2 2025: Gross profit up (19.5% vs. 16.6% year-ago), EBITDA before special items €65m and EBIT €33m; net profit €2m (from –€23m in Q2 2024). Positive operating cash flow of €75m in the quarter. Europe lags, but Americas delivers record volumes. kloeckner.com 2025 guidance: Management expects EBITDA before special items €170–240m for the year and “significantly positive” operating cash flow (on par with 2024). Q3 guidance: €40–80m EBITDA. kloeckner.com 2024 baseline: Revenue €6.6bn. (down due to lower steel prices), EBITDA before special items €136m. kloeckner.com Is it “cheap for a reason”? P/S ≈ 0.09: Market value around €0.60–0.64bn against sales €6.6bn → fits your observation. StockAnalysis kloeckner.com P/B ≈ 0.40: Equity €1.51bn as of 30/6/2025 and mcap ~€0.60bn → clearly below book value. kloeckner.com Gearing & cyclicality: Net debt €870m; management shows leverage 5.4× LTM EBITDA – high for a cyclical distributor, and explains the low multiple. kloeckner.com Structural measures (where will a possible turnaround come from?) Mix shift towards service center/processing, more digitalization (Nexigen®/“zero-touch”), and higher value-added to make earnings less price-sensitive. kloeckner.com US is currently driving: “Record shipments” in Americas and investment in electrical steel/transformer cores for power grids, renewables and data centers; new facility fully operational in Q3 2025. kloeckner.com M&A/portfolio: Mexico acquisition (NMM) closed 2023; EU settlements/adjustments continue. kloecknermetals.com MarketScreener Macro – tailwinds and headwinds US tariffs: Management says they are initially positive for the business (higher prices/inventory building). This could support 2025 earnings. Reuters TradingView Europe: Eurofer downgrades steel consumption for 2025 again (–0.9%); German industry is struggling. This keeps European margins down and makes the case binary on regions. eurofer.eu eurometal.net What to watch out for (keys to “real” turnaround)? Delivery on guidance: If FY-EBITDA comes in ≥ midpoint €205m and converts to positive free cash flow, the “cheap for a reason” narrative starts to crack. kloeckner.com Europe from red to black: KM Europe segment was weak; any stable positive EBITDA there will lift the case disproportionately. kloeckner.com Net debt down: Continued NWC releases and capex discipline (Q2 showed it can be done) → lower leverage = multiple re-rating. kloeckner.com HRC prices (EU/US) & inventory cycle: A few quarters of stable/price increases will quickly translate into gross margin. (See price slide in Q2 deck). kloeckner.com My conclusion – is there real turnaround upside? Yes, there are signs: Q2 turned positive on the bottom line, gross margin is better, and 2025 guidance (170–240m EBITDA) is higher than 2024 baseline. Americas is carrying, and electrical steel/data center/power grid demand is real. kloeckner.com +1 But the risk is not small: Leverage is high, Europe is weak, and consensus for EU steel is still lukewarm (Eurofer). Cheap P/B/P/S reflects that balance – value with cyclical and balance sheet risk. eurofer.eu Investor thesis (if considered): Speculative value/turnaround rather than defensive “sleep-good” stock. The case makes sense if you believe in (a) the US holding the price level for a while, (b) Europe escaping the bottom in 2H25/2026, and (c) management delivering FCF and debt reduction. Otherwise, there is good reason for it to be cheap. In short: There may be a turnaround on the way – the numbers point in the right direction in 2025 – but it is still a cyclical and balance sheet sensitive investment. Cheap on P/B and P/S, yes; but it will only be “cheap and good” when we see sustained positive cash flow and lower gearing. kloeckner.com +1
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Q2-osavuosiraportti
34 päivää sitten‧36 min
0,20 EUR/osake
Viimeisin osinko
3,64 %
Tuotto/v
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 27.8.·CHAT_GPT: Here is an honest, source-based “turnaround check” of Klöckner & Co (KCO, Xetra) – no frills. What’s happening in the numbers right now? Q2 2025: Gross profit up (19.5% vs. 16.6% year-ago), EBITDA before special items €65m and EBIT €33m; net profit €2m (from –€23m in Q2 2024). Positive operating cash flow of €75m in the quarter. Europe lags, but Americas delivers record volumes. kloeckner.com 2025 guidance: Management expects EBITDA before special items €170–240m for the year and “significantly positive” operating cash flow (on par with 2024). Q3 guidance: €40–80m EBITDA. kloeckner.com 2024 baseline: Revenue €6.6bn. (down due to lower steel prices), EBITDA before special items €136m. kloeckner.com Is it “cheap for a reason”? P/S ≈ 0.09: Market value around €0.60–0.64bn against sales €6.6bn → fits your observation. StockAnalysis kloeckner.com P/B ≈ 0.40: Equity €1.51bn as of 30/6/2025 and mcap ~€0.60bn → clearly below book value. kloeckner.com Gearing & cyclicality: Net debt €870m; management shows leverage 5.4× LTM EBITDA – high for a cyclical distributor, and explains the low multiple. kloeckner.com Structural measures (where will a possible turnaround come from?) Mix shift towards service center/processing, more digitalization (Nexigen®/“zero-touch”), and higher value-added to make earnings less price-sensitive. kloeckner.com US is currently driving: “Record shipments” in Americas and investment in electrical steel/transformer cores for power grids, renewables and data centers; new facility fully operational in Q3 2025. kloeckner.com M&A/portfolio: Mexico acquisition (NMM) closed 2023; EU settlements/adjustments continue. kloecknermetals.com MarketScreener Macro – tailwinds and headwinds US tariffs: Management says they are initially positive for the business (higher prices/inventory building). This could support 2025 earnings. Reuters TradingView Europe: Eurofer downgrades steel consumption for 2025 again (–0.9%); German industry is struggling. This keeps European margins down and makes the case binary on regions. eurofer.eu eurometal.net What to watch out for (keys to “real” turnaround)? Delivery on guidance: If FY-EBITDA comes in ≥ midpoint €205m and converts to positive free cash flow, the “cheap for a reason” narrative starts to crack. kloeckner.com Europe from red to black: KM Europe segment was weak; any stable positive EBITDA there will lift the case disproportionately. kloeckner.com Net debt down: Continued NWC releases and capex discipline (Q2 showed it can be done) → lower leverage = multiple re-rating. kloeckner.com HRC prices (EU/US) & inventory cycle: A few quarters of stable/price increases will quickly translate into gross margin. (See price slide in Q2 deck). kloeckner.com My conclusion – is there real turnaround upside? Yes, there are signs: Q2 turned positive on the bottom line, gross margin is better, and 2025 guidance (170–240m EBITDA) is higher than 2024 baseline. Americas is carrying, and electrical steel/data center/power grid demand is real. kloeckner.com +1 But the risk is not small: Leverage is high, Europe is weak, and consensus for EU steel is still lukewarm (Eurofer). Cheap P/B/P/S reflects that balance – value with cyclical and balance sheet risk. eurofer.eu Investor thesis (if considered): Speculative value/turnaround rather than defensive “sleep-good” stock. The case makes sense if you believe in (a) the US holding the price level for a while, (b) Europe escaping the bottom in 2H25/2026, and (c) management delivering FCF and debt reduction. Otherwise, there is good reason for it to be cheap. In short: There may be a turnaround on the way – the numbers point in the right direction in 2025 – but it is still a cyclical and balance sheet sensitive investment. Cheap on P/B and P/S, yes; but it will only be “cheap and good” when we see sustained positive cash flow and lower gearing. kloeckner.com +1
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Xetra
Määrä
Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
5,55VWAP
Alin
5,43VaihtoMäärä
1 180 001
VWAP
Ylin
5,55Alin
5,43VaihtoMäärä
1 180 001
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q2-osavuosiraportti | 6.8. | |
| 2025 Q1-osavuosiraportti | 7.5. | |
| 2024 Q4-osavuosiraportti | 12.3. | |
| 2024 Q3-osavuosiraportti | 6.11.2024 | |
| 2024 Q2-osavuosiraportti | 1.8.2024 |
Datan lähde: Quartr
Q2-osavuosiraportti
34 päivää sitten‧36 min
Uutiset ja analyysit
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
| Seuraava tapahtuma | |
|---|---|
Sijoittajakalenteri ei ole saatavilla | |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q2-osavuosiraportti | 6.8. | |
| 2025 Q1-osavuosiraportti | 7.5. | |
| 2024 Q4-osavuosiraportti | 12.3. | |
| 2024 Q3-osavuosiraportti | 6.11.2024 | |
| 2024 Q2-osavuosiraportti | 1.8.2024 |
Datan lähde: Quartr
0,20 EUR/osake
Viimeisin osinko
3,64 %
Tuotto/v
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- 27.8.·CHAT_GPT: Here is an honest, source-based “turnaround check” of Klöckner & Co (KCO, Xetra) – no frills. What’s happening in the numbers right now? Q2 2025: Gross profit up (19.5% vs. 16.6% year-ago), EBITDA before special items €65m and EBIT €33m; net profit €2m (from –€23m in Q2 2024). Positive operating cash flow of €75m in the quarter. Europe lags, but Americas delivers record volumes. kloeckner.com 2025 guidance: Management expects EBITDA before special items €170–240m for the year and “significantly positive” operating cash flow (on par with 2024). Q3 guidance: €40–80m EBITDA. kloeckner.com 2024 baseline: Revenue €6.6bn. (down due to lower steel prices), EBITDA before special items €136m. kloeckner.com Is it “cheap for a reason”? P/S ≈ 0.09: Market value around €0.60–0.64bn against sales €6.6bn → fits your observation. StockAnalysis kloeckner.com P/B ≈ 0.40: Equity €1.51bn as of 30/6/2025 and mcap ~€0.60bn → clearly below book value. kloeckner.com Gearing & cyclicality: Net debt €870m; management shows leverage 5.4× LTM EBITDA – high for a cyclical distributor, and explains the low multiple. kloeckner.com Structural measures (where will a possible turnaround come from?) Mix shift towards service center/processing, more digitalization (Nexigen®/“zero-touch”), and higher value-added to make earnings less price-sensitive. kloeckner.com US is currently driving: “Record shipments” in Americas and investment in electrical steel/transformer cores for power grids, renewables and data centers; new facility fully operational in Q3 2025. kloeckner.com M&A/portfolio: Mexico acquisition (NMM) closed 2023; EU settlements/adjustments continue. kloecknermetals.com MarketScreener Macro – tailwinds and headwinds US tariffs: Management says they are initially positive for the business (higher prices/inventory building). This could support 2025 earnings. Reuters TradingView Europe: Eurofer downgrades steel consumption for 2025 again (–0.9%); German industry is struggling. This keeps European margins down and makes the case binary on regions. eurofer.eu eurometal.net What to watch out for (keys to “real” turnaround)? Delivery on guidance: If FY-EBITDA comes in ≥ midpoint €205m and converts to positive free cash flow, the “cheap for a reason” narrative starts to crack. kloeckner.com Europe from red to black: KM Europe segment was weak; any stable positive EBITDA there will lift the case disproportionately. kloeckner.com Net debt down: Continued NWC releases and capex discipline (Q2 showed it can be done) → lower leverage = multiple re-rating. kloeckner.com HRC prices (EU/US) & inventory cycle: A few quarters of stable/price increases will quickly translate into gross margin. (See price slide in Q2 deck). kloeckner.com My conclusion – is there real turnaround upside? Yes, there are signs: Q2 turned positive on the bottom line, gross margin is better, and 2025 guidance (170–240m EBITDA) is higher than 2024 baseline. Americas is carrying, and electrical steel/data center/power grid demand is real. kloeckner.com +1 But the risk is not small: Leverage is high, Europe is weak, and consensus for EU steel is still lukewarm (Eurofer). Cheap P/B/P/S reflects that balance – value with cyclical and balance sheet risk. eurofer.eu Investor thesis (if considered): Speculative value/turnaround rather than defensive “sleep-good” stock. The case makes sense if you believe in (a) the US holding the price level for a while, (b) Europe escaping the bottom in 2H25/2026, and (c) management delivering FCF and debt reduction. Otherwise, there is good reason for it to be cheap. In short: There may be a turnaround on the way – the numbers point in the right direction in 2025 – but it is still a cyclical and balance sheet sensitive investment. Cheap on P/B and P/S, yes; but it will only be “cheap and good” when we see sustained positive cash flow and lower gearing. kloeckner.com +1
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Xetra
Määrä
Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
5,55VWAP
Alin
5,43VaihtoMäärä
1 180 001
VWAP
Ylin
5,55Alin
5,43VaihtoMäärä
1 180 001
Välittäjätilasto
Dataa ei löytynyt