Based on the stability of the less cyclical capital goods operations as well as the positive earnings contributions of Steel Europe and Materials Services, ThyssenKrupp continues to expect to achieve adjusted EBIT in the mid three digit million euro range at Group level for fiscal year 2011-12.

In the materials operations ThyssenKrupp expects earnings at Steel Europe and Materials Services to remain steady in the further course of the year, with volumes and prices influenced by continuing intense competition. At Steel Americas, the further operational ramp-up should bring improvements; however, the price pressure due to the market entry and the general market situation will have a significant offsetting effect. In the capital goods operations, earnings contributions at Plant Technology should remain largely steady at a high level.

At Elevator Technology, further earnings effects due to the weakening of the markets in Southern Europe cannot be ruled out. In the Components Technology business, the absence of Waupaca’s earnings contributions and lower capacity utilization rates mainly for slewing bearings for wind turbines will result in lower earnings. Earnings contributions at Marine Systems will remain steady.

Source - ThyssenKrupp

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