thyssenkrupp with strong 1st half-full-year forecast confirmed

The technology and industrial group thyssenkrupp continued its earnings growth in the 2nd quarter of fiscal year 2017/2018. Despite adverse currency effects and higher material costs in the capital goods businesses, the Group increased its adjusted EBIT significantly year-on-year by 21 percent to €500 million. Together with the likewise strong 1st quarter, adjusted EBIT after six months adds up to €944 million. thyssenkrupp thus recorded its best 1st half since the start of the Group’s transformation. Free cash flow also improved significantly year-on-year and in the 2nd quarter was positive at €168 million.

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