German steel distributor Kloeckner & Co SE announced sales of 6.38 billion euros for 2025, down from 6.63 billion euros the previous year, mainly due to declining steel prices and exchange rate fluctuations.
The company stated that despite a decline in sales revenue, full-year shipments grew by 1.8% year-on-year to 4.53 million tons, thanks to its expansion in the U.S. market.
The financial report shows a net loss from continuing operations of 53 million euros, with a loss of 0.54 euros per share. However, cash flow from operating activities remained positive for the fourth consecutive year, reaching 110 million euros.
Worthington Steel had previously made an acquisition offer of around 2.4 billion dollars, which, if completed, will create the second-largest steel service center company in North America.
The company expects that despite divesting eight U.S. distribution centers by the end of 2025, shipments in 2026 will remain stable. The adjusted EBITDA for the first quarter is projected to be between 20 million and 60 million euros.
