Thyssenkrupp: in demand after increasing targets
(CercleFinance.com) - Thyssenkrupp shares jumped nearly 8% in Frankfurt today, boosted by an increase in the industrial group's adjusted EBIT forecast for FY 2021-22, which it now expects to be at least two billion euros (instead of between 1.
5 and 1.8 billion euros previously).
Q2 adjusted EBIT reached 802 million euros, up from 220 million euros a year ago, on revenues that are up 24% to 10.6 billion euros, with an order intake that is up over 50% to 13.6 billion euros.
Thyssenkrupp said that while it suffered from more difficult conditions in its automotive and components businesses, it benefited from significant market price increases in Materials Services and Steel Europe.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
5 and 1.8 billion euros previously).
Q2 adjusted EBIT reached 802 million euros, up from 220 million euros a year ago, on revenues that are up 24% to 10.6 billion euros, with an order intake that is up over 50% to 13.6 billion euros.
Thyssenkrupp said that while it suffered from more difficult conditions in its automotive and components businesses, it benefited from significant market price increases in Materials Services and Steel Europe.
Copyright (c) 2022 CercleFinance.com. All rights reserved.