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16 May
15:04

Steel units drag down thyssenkrupp earnings guidance

Germany’s thyssenkrupp group has adjusted its outlook for the current fiscal year, which ends 30 September 2024. While it previously predicted revenue on par with the previous fiscal year, it now expects figures to be lower, Kallanish hears from the conglomerate. The main causes for this are lower volumes and lower selling prices in the group’s two steel divisions, producer thyssenkrupp Steel Europe and distributor thyssenkrupp Materials Services, exec…
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