Thyssenkrupp Continues Positive Trend in 3rd Quarter
In the 3rd quarter of the current 2020/2021 fiscal year, thyssenkrupp continued its good performance of previous quarters and achieved a significant improvement on both the previous quarter and the prior-year figures, which were severely impacted by the coronavirus pandemic. The group of companies recorded a 3rd-quarter order intake of EUR 8.8 billion, almost double the figure for the prior-year period. Between April and June, sales increased by 51 percent to EUR 8.7 billion. Adjusted EBIT amounted to EUR 266 million, up significantly from the prior-year figure of minus EUR 693 million and also from the prior quarter EUR 220 million. Almost all segments contributed to this positive performance with their earnings improvements. In particular, Materials Services posted record earnings. For the full year 2020/2021 thyssenkrupp has confirmed the earnings forecast raised recently with the half-year figures.
thyssenkrupp AG CEO Ms Martina Merz said “We are on track with our transformation of thyssenkrupp. The environment remains very challenging but we are delivering on those aspects that are in our control. The figures show that our numerous restructurings and performance measures are taking effect. With the sale of our mining business and the Infrastructure business unit, we have also achieved major milestones in focusing our portfolio. This will quickly have a positive effect. Nevertheless, our ‘Performance first’ principle remains our top priority. In other words, we’re on the right course and we’re progressing well. But we’re doing even more and not letting up.”