Klockner & Co. announced its financial results for the first nine months of 2012 on Wednesday. Turnover in the January to September period increased by 9.1 percent to 5.5 million tons and sales rose by 7.4 percent through acquisitions and strong organic growth in the US.
In the Americas segment, turnover increased by 41.3 percent compared with the first nine months of 2011, primarily due to acquisitions. Excluding the acquisition, turnover in the US showed 6.7 percent organic growth, significantly better than the market (3.3 percent) and the prior-year figure.
On the other hand, in the Europe segment, turnover was down by 5.9 percent compared with the first nine months of 2011 due to the increasingly difficult economic environment and ongoing discontinuation of underperforming activities; the market as a whole contracted by no less than 9 percent.
Klockner incurred a net loss of €33 million (US$42 million) in the first nine months of 2012.