14
May
15:46
Restructuring, fines hit thyssenkrupp performance
In the first half of its business year, 1 October to 31 March, thyssenkrupp AG saw an increase in revenues and orders, but also a substantial fall in profits. For the full year, it predicts its net income to be negative.
This modest forecast takes into account the economic slowdown, especially in the automotive sector, effects resulting from the reintegration of the Steel unit and the planned IPO of the group’s Elevators unit. Notably, the company is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous