German metals distributor Kl??ckner made a 12.3% year-on-year increase in earnings over the full year of 2017 because of higher prices and efficiency measures, the company said on Wednesday February 28.
Kl??ckner's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?220 million ($269 million) in 2017, up from ?,?196 million in 2016.The increase was a result of internal optimization measures as well as the positive trend in prices.As an example, Metal Bulletin's price assessment for domestic hot-rolled coil (HRC) in Northern Europe averaged ?,?536.92 ($655.80) per tonne ex-works in 2017, up from ?,?413.65 per tonne in 2016.Last year, the...