Klöckner stock trades near its yearly high after takeover deal

Published on 09/29/2026 at 08:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Klöckner stock traded at EUR 13.26 on September 29, 2026, only EUR 0.02 below its yearly high. Q2 sales rose 3 percent to EUR 1.7 billion.

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Klöckner stock (ISIN DE000KC01000) traded at EUR 13.26 on the Vienna Stock Exchange on September 29, 2026, just EUR 0.02 below its 52-week high of EUR 13.28. The share price was unchanged from the prior close while the latest corporate milestone remains Worthington Steel's planned integration of the German steel processor.

Takeover reaches next legal stage

According to Business Wire on September 8, 2026, Worthington Steel signed a domination and profit and loss transfer agreement with Klöckner. The agreement follows Worthington Steel's takeover, completed on June 3, 2026, and the delisting of Klöckner shares from the regulated Frankfurt market on August 12, 2026.

The next formal milestone is an extraordinary shareholder meeting expected on October 23, 2026. At least 75 percent of the represented share capital must approve the agreement, and registration could make it effective from January 1, 2027, at the earliest, according to Business Wire.

Q2 sales rise as earnings stay negative

Quartr reports that Klöckner's Q2 2026 sales rose 3 percent year over year to EUR 1.7 billion. Like-for-like sales increased 12.1 percent, while EBITDA before material special effects reached EUR 63 million.

The earnings picture remains uneven. Q2 2026 net income was negative EUR 269 million after a EUR 151 million impairment charge related to the Becker Group, while adjusted H1 EBITDA rose to EUR 109 million from EUR 107 million in H1 2025, according to Quartr.

Stock stays near yearly high

The Vienna quotation stood at EUR 13.26 on September 29, 2026, against a daily range of EUR 13.26 to EUR 13.28. Its 52-week range was EUR 5.13 to EUR 13.28, and market capitalization was EUR 1.22 billion on the same date.

For investors, the key tension is visible in the numbers: the share is near its yearly high, while the latest quarter still includes a substantial impairment and negative net income. The next scheduled earnings date is November 4, 2026.