ThyssenKrupp: share up, despite making 9m loss
(CercleFinance.com) - The ThyssenKrupp share is up 2.
5% in Frankfurt on Thursday morning, despite the publishing a net loss, group share of 207 million euros for the first nine months of FY 2018-19, i.e. 33 cents per share, against EPS of 30 cents a year ago.
The industrial conglomerate's adjusted operating profit tumbled 46% to 683 million euros, representing a margin that is down two points to 2.2% for net revenues that are up 1% to almost 31.2 billion euros, reflecting a more difficult global economic context.
The German group has confirmed that is now expects a FY 2019 adjusted operating profit of around 0.8 billion euros, against a previous forecast range of between 1.1 billion and 1.2 billion euros. It also confirms that it expects to make a loss.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5% in Frankfurt on Thursday morning, despite the publishing a net loss, group share of 207 million euros for the first nine months of FY 2018-19, i.e. 33 cents per share, against EPS of 30 cents a year ago.
The industrial conglomerate's adjusted operating profit tumbled 46% to 683 million euros, representing a margin that is down two points to 2.2% for net revenues that are up 1% to almost 31.2 billion euros, reflecting a more difficult global economic context.
The German group has confirmed that is now expects a FY 2019 adjusted operating profit of around 0.8 billion euros, against a previous forecast range of between 1.1 billion and 1.2 billion euros. It also confirms that it expects to make a loss.
Copyright (c) 2019 CercleFinance.com. All rights reserved.