July 31, 2019 / 5:11 AM / 4 months ago

Kloeckner & Co sees falling demand in auto, engineering sectors

FRANKFURT (Reuters) - German metals trader Kloeckner & Co (KCOGn.DE) on Wednesday said it expects dwindling demand from the European automotive and engineering sectors to weigh on its results in the second half of the year.

The group, which issued a profit warning last week, said second-quarter net profit fell 15% to 28 million euros (£25.5 million), while sales declined 6% to 1.68 billion.

Reporting by Christoph Steitz; Editing by Thomas Seythal

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