Namasco News

Search News:

  Display #:    

Total: 17 news

NewsCastImg_2579.gif May 12, 2010

In Q1 2010, for the first time since the beginning of the financial crisis, higher sales volumes, po

  • Sales volumes increased by 10.5% in the first three months compared to Q1/2009 and by 22.2% compared to Q4/2009
  • Sales were 4.2% below prior-year level due to prices, although 20.2% higher than in the previous quarter
  • EBITDA of €29 million after €-132 million in the previous year; net income was likewise positive at €2 million
  • Continued expansion and optimization of the financing structure
  • Sales guidance including acquisitions revised from previously more than 20% to over 25%
  • Despite risks in the second half of the year, significant positive operating
Full Story [101 Kb]

NewsCastImg_2548.gif March 01, 2010

Klöckner & Co SE: Successful completion of takeover of the Becker Stahl-Service Group

Duisburg, March 1, 2010.  Successful acquisition of one of the world’s largest and most modern steel service centers.
Full Story [79 Kb]

NewsCastImg_2529.gif December 04, 2009

Klöckner & Co substitutes Luxembourg Issuer

The Management Board of Klöckner & Co SE (“Klöckner & Co”) announces the substitution of the Luxembourg issuer of the EUR 325 million convertible bond issued in July 2007 and due 2012 (ISIN DE000A0N0J03, WKN A0N0J0, Common Code 031294827). Pursuant to § 15 of the terms and conditions of the bonds, the original issuer Klöckner & Co Finance International S.A., Luxembourg, is substituted by Klöckner & Co Financial Services S.A., also Luxembourg. The substitute issuer, which is a wholly-owned subsidiary of Klöckner & Co SE as well, has issued in June 2009 the EUR 97.9 million convertible bond due 2014. The reason for the substitution is the optimization of the financing structure and the reduction of administration costs. No further changes follow from such substitution; in particular, all rights of the bondholders and the guarantee of Klöckner & Co for the bonds remain substantively unchanged.

NewsCastImg_2531.gif November 13, 2009

Klöckner & Co SE: Positive EBITDA for the third quarter of 2009, for the first time since the beginn

  • Sales volume, sales and earnings in first nine months of 2009 well below previous year‘s level, but stabilization continued during third quarter
  • 2009 cost-cutting target of €100 million almost fully achieved
  • Net debt fully eliminated, net cash position of €139 million
  • Acquisition strategy reinitiated – preliminary agreement signed on largest acquisition since IPO
  • Demand still fluctuating on low level, but gradual improvement in demand expected next year
Full Story [109 Kb]

NewsCastImg_2530.gif November 11, 2009

Klöckner & Co SE: Preliminary agreement for acquisition of Becker Stahl-Service Group concluded

  • Largest acquisition since IPO in 2006
  • Acquiring one of world's largest and most modern steel service centers
  • Klöckner & Co to become a leading market player in Europe for flat steel distribution

Klöckner & Co SE has signed a preliminary agreement to acquire Germany’s Becker Stahl-Service Group.

Full Story [78 Kb]

NewsCastImg_2499.gif August 13, 2009

Klöckner & Co SE: weak first half of 2009, marked improvement in earnings expected

  • Sales volume, sales and earnings in the first half of the year far below previous year's levels
  • Operating earnings climbed considerably from the first quarter to the second quarter, while remaining negative
  • Cash flow increased, net financial debt lowered considerably
  • Cost-cutting and capacity-reducing measures further successfully realized
  • Significant improvement expected in the second half of year assuming stabilization of demand following the nearly completed destocking along the value chain, bottoming of prices and cost savings
Full Story [109 Kb]

NewsCastImg_2465.gif June 04, 2009

Klöckner & Co prices highly oversubscribed convertible bond offering

  • Coupon of 6%
  • Conversion price set at EUR 21.06

Duisburg, June 4, 2009 - The Management Board of Klöckner & Co SE (“Klöckner & Co”) announces the pricing of its offering of EUR 97.9 million senior unsecured convertible bonds (the “Bonds”) to institutional investors outside of the US only. Order books were closed after only two hours and were multiple times oversubscribed. Klöckner & Co intends to use the issue proceeds for general corporate purposes and to continue its stated expansion at a later stage.
Full Story [32 Kb]

NewsCastImg_2464.gif May 14, 2009

Klöckner & Co SE: Weak operative start in Q1 2009, but debts reduced, financing secured and outlook

  • Sales volume and sales decline markedly
  • Operating loss (EBITDA) reaches - €132 million
  • Net debt reduced by €249 million
  • Successful restructuring of syndicated loan and European ABS program
  • Earnings situation expected to improve in Q2 2009
Full Story [100 Kb]

NewsCastImg_2440.gif March 31, 2009

Klöckner & Co SE: sales and earnings for financial year 2008 rise substantially

  • Sales climb by around 8% to more than €6.7 billion
  • EBITDA rises by 62% to €600 million
  • Net financial debt cut by nearly 50% during the second half of the year
  • Savings of €100 million to be achieved in 2009 as a result of comprehensive, immediate actions
  • Slight increase in demand assumed for the second half of the year
Full Story [100 Kb]

NewsCastImg_2426.gif January 30, 2009

Klöckner & Co: Sales and earnings for fiscal year 2008 rise markedly above previous year's levels

Duisburg, January 30, 2009 . Klöckner & Co increased its sales by about 6% to €6.7 billion during fiscal year 2008, preliminary results show. This growth in sales was fueled in large part by acquisitions and price increases during the first nine months of the year.

Full Story [84 Kb]

NewsCastImg_2423.gif November 14, 2008

Klöckner & Co remains on track for record year

Earnings growth in first three quarters of 2008 markedly higher than a year earlier
  • Sales increase by 12.0% to €5.4 billion
  • Consolidated net profit up €411 million to €526 million
  • Net financial liabilities reduced to €690 million
  • Equity ratio rises to 34.3%
Full Story [88 Kb]

NewsCastImg_2398.png October 15, 2008

Klöckner & Co SE: Strong third quarter, forecast for 2008 confirmed

  • Preliminary operating earnings in Q3 2008 nearly 60% above the previous year's level
  • Retirement of debt continues


Preliminary figures for the third quarter of 2008 show that Klöckner & Co stayed on its strong earnings path despite the continued cooling of the global economy. Preliminary operating earnings (EBITDA) excluding one-time effects from disposals of above €150 million exceeded the prior year total of €93.3 million by about €57 million.

Full Story [80 Kb]

NewsCastImg_2380.jpg September 11, 2008

New image campaign for the international multi metal distributor Klöckner & Co SE

The European-wide image campaign being launched by Klöckner & Co SE shows that facts as hard as steel can come in light packaging. In September 2008, Klöckner & Co is launching a new advertising campaign. The campaign, developed jointly by the company and the advertising agency BBDO Düsseldorf, highlights the core competencies of expertise at Klöckner & Co.

View new image campaign



NewsCastImg_2383.jpg July 09, 2008

Sale of Canadian subsidiary Namasco Ltd.

Klöckner & Co concluded the sale of its Canadian subsidiary Namasco Ltd. to Samuel, Son & Co. Ltd. yesterday. The sale has been approved by Canadian antitrust officials. The primary business of Namasco Ltd. is processing flat-rolled metal products for the North American automotive industry. The focus on OEM-accounts in automotive is not one of the core businesses at Klöckner & Co Group.
Full Story [80 Kb]

NewsCastImg_2382.gif April 04, 2008

Acquisition of Temtco Steel in the US

Via its US operating subsidiary – Namasco Corporation headquartered in Atlanta, Georgia – Klöckner & Co AG has entered into an agreement to acquire the operating assets of the distribution company Taylor Equipment and Machine Tool Corporation (dba Temtco Steel), headquartered in Louisville, Mississippi. The acquisition is still subject to the approval of the American anti-trust authorities.
Full Story [81 Kb]

Pages: 1 2

 

REQUEST A QUOTE
(Namasco Branches Only)
User ID:
Password:
 




OUR PRODUCTS IN ACTION:

Mining Industry

DID YOU KNOW ?
Namasco Corporation operates its own fleet of trucks totaling more than 200 vehicles.