Klöckner & Co: Strong results for financial year 2007

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finances

Duisburg (euro adhoc) - Duisburg, January 29, 2008 - According to the
provisional figures, the Klöckner & Co Group achieved sales of around
EUR6.3 billion and EBITDA of around EUR365 million in the financial
year 2007. The company therefore exceeded its forecast adjusted in
October 2007 of around EUR355 million. In addition, net liabilities,
which had risen to EUR996 million in mid-2007 due largely to
acquisitions, were reduced to around EUR750 million by the end of the
year.

The rise in sales from EUR5.5 billion in 2006 to EUR6.3 billion in
2007 was essentially the result of price increases and acquisitions.
EBITDA, which according to provisional figures is approximately 8%
down on the previous year´s figure, of around EUR365 million is the
second-best operating result in the over one hundred-year history of
Klöckner & Co.

At approximately 10% above the fourth quarter of the previous year,
EBITDA of around EUR77 million was generated in the fourth quarter
with sales of around EUR1.5 billion. The one-off effects included in
EBITDA for 2007 as a whole were roughly at the level of the previous
year.

In light of the continuing excellent demand, Klöckner & Co recorded
some clear price increases for a number of products since the
beginning of 2008, especially also in the US. Taking into
consideration the acquisitions and measures realized in the STAR
performance program, the company is assuming that it will generate
results at a high level in 2008.

Klöckner & Co will publish more detailed information and the final
figures for the financial year 2007 on April 1, 2008. The data will
be made available on the Internet at www.kloeckner.de at 8.00 am,
CEST.

About Klöckner & Co AG:

Klöckner & Co is the largest independent producer and distributor of
steel and metal products in the European and North American markets
combined. The core business of the Klöckner & Co Group is the storage
and distribution of steel and non-ferrous metals. About 200,000
active customers are supplied through approximately 250 distribution
locations in 15 countries in Europe and North America.

Klöckner & Co was founded more than 100 years ago by Peter Klöckner.
During the financial year 2006, the Company achieved sales of
approximately EUR5.5 billion with around 10,000 employees.

The shares of Klöckner & Co Aktiengesellschaft are admitted to
trading on the official market segment (Amtlicher Markt) of the
Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with
simultaneous admission to the sub-segment (Prime Standard) to the
official market with further post-admission obligations. ISIN:
DE000KC01000; WKN: KC0100; Common Code: 025808576. Klöckner & Co
shares have been listed in the MDax® Index of Deutsche Börse since
the end of January 2007.

Contact persons:
Klöckner & Co AG
Am Silberpalais 1
47057 Duisburg, Germany

Peter Ringsleben, Claudia Uhlendorf - Corporate Communications
Peter Ringsleben
Phone: +49-203-307-2800
Fax: +49-203-307-5060
E-mail: peter.ringsleben@kloeckner.de

Claudia Uhlendorf
Phone: +49-203-307-2289
Fax: +49-203-307-5103
E-mail: claudia.uhlendorf@kloeckner.de

Claudia Nickolaus - Investor Relations

Claudia Nickolaus
Phone: +49-203-307-2050
Fax: +49-203-307-5025
E-Mail: claudia.nickolaus@kloeckner.de

end of announcement euro adhoc
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ots Originaltext: Klöckner & Co AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Claudia Uhlendorf

Public Relations

Telefon: +49 (0)203 307 2289

E-Mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KC01000
WKN: KC0100
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade