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ThyssenKrupp announces H1 financial results

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Reportedly, ThyssenKrupp announced its financial results for the first half of fiscal year 2011/12.

In the first half of fiscal year 2011/12, the company realized profits before tax of €43 million, decreasing from €696 million in the same period of a year earlier.

At the same time, the company’s order intake rose by 2% year on year to €21.7 billion; however, its sales dropped by 1% to €20.5 billion, both compared to that in the same period of the previous year.

In the whole fiscal year 2011/12, ThyssenKrupp expected that its earnings from Steel Europe would stay flat at the first half level; nevertheless, it forecasted that its earnings at Materials Services would be better in the second half.
News Date 16 May 2012 13:40:33 reported by Jacky Huang

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