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Klöckner & Co Reports Loss for 2019-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
3/16/2020 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Falling steel prices and weak demand resulted in a decline of around 7% in Klöckner & Co’s sales to EUR 6.3 billion in fiscal year 2019. While operating income EBITDA before material special effects was within the guidance range at EUR 124 million as compared to EUR 229 million in 2018, it remained substantially below the prior year, as did net income of minus EUR 55 million as compared with EUR 69 million in 2018.
Despite the difficult market environment, the Company continued to drive its digital transformation forward. The share of sales generated via digital channels increased again, reaching 32% in the fourth quarter of 2019 (Q4 2018: 25%). The Kloeckner Assistant, a digital application, was also launched, which uses Artificial Intelligence to automate and significantly speed up the processing of price inquiries and orders received through conventional channels such as fax or phone. This makes virtually every customer a digital customer without having to change their processes.
The XOM Materials open industry platform launched by Klöckner & Co again showed dynamic growth during the past fiscal year. More than 60 suppliers with some 22,000 products and around 700 customers were already registered with XOM Materials at the beginning of the current year. The integration of additional solutions such as eShops and eProcurement services will further enhance the platform’s attractiveness, thus additionally boosting growth.
Klöckner & Co already anticipates a considerable increase in operating income for fiscal year 2020. The expected positive earnings performance will be driven by the anticipated increase in the stability of steel prices as well as planned efficiency improvements and cost savings such as those generated through the growing automation of processes thanks to digital applications.
緊固件展-2020第二十一屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 21st China (Guangzhou)Int’l Fastener & Equipment Exhibition
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