thyssenkrupp: stock down, despite sales growth

(CercleFinance.com) - Thyssenkrupp's sales reached 8.
6 billion euros in Q2 FY2020/21, up 4% y-o-y.

At the same time, adjusted EBIT rose sharply from -279 million euros to +220 million euros, thanks to improvements in "almost all segments", the German group said.

Its net loss reached 211 million euros, a clear improvement y-o-y (948 million euros), although EPS fell short of the consensus at -0.34 euro.

For 2021, Thyssenkrupp expects double-digit sales growth, although these sales should remain well below the pre-crisis level. It also expects a net loss of several hundred million euros for the full year.


Copyright (c) 2021 CercleFinance.com. All rights reserved.