Of Thanks to Floudopoulos The Commission’s proposals for the emissions trading scheme and the CBAM adjustment mechanism undermine the industry’s ability to make green investments and derail the transition to green coal production in Europe. This is emphasized by a letter signed by 56 CEOs of the largest European steel companies, including 3 representatives of […]
Tag: ThyssenKrupp
ThyssenKrupp: Raises estimates for the year, higher-than-expected quarterly results
The share of ThyssenKrupp is moving upwards, as the results of the second quarter exceeded the expectations and upgraded the estimates for the profits of the year. The industrial company announced adjusted earnings before interest and taxes of 802 million euros, higher than 220 million euros a year ago. Sales rose 24% to 10.60 billion […]
ThyssenKrupp: Operating profit quadrupled in the quarter
ThyssenKrupp’s operating profit nearly quadrupled in the first quarter, as its two largest units – steel and materials trading – benefited from significantly higher steel prices. Adjusted earnings before interest and taxes amounted to 378 million Euros in the period October-December, in the first quarter of the year, higher than 78 million a year ago. […]
Thyssenkrupp set medium-term goals
The medium-term goals were set by Thyssenkrupp AG as it continues to restructure its operations. The industrial company stressed that it targets a margin of adjusted earnings before interest and taxes, between 4% -6% in the medium term. For the year 2021 ending September 30, Thyssenkrupp’s adjusted Ebit margin was 2.3%. The company said it […]
Thyssenkrupp: Sales and orders recovered in the quarter
Thyssenkrupp sales and orders recovered in the fourth quarter from a year earlier, mainly due to rising steel prices, although huge challenges remain. Sales rose to 9.44 billion euros in the quarter to the end of September, from 7.95 billion euros in the same period last year, the German group announced. Adjusted earnings before taxes […]