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Home Steel News ThyssenKrupp posts higher sales revenue from Oct 2020 to Sep 2021
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ThyssenKrupp posts higher sales revenue from Oct 2020 to Sep 2021

22 Nov 2021 16:15 reported by Joy Liu

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According to Germany’s steel manufacturer ThyssenKrupp, during the period from October 2020 to September 2021, the group’s sales revenue was up by 18% year on year to EUR 34 billion, the order intake hiked by 41% year on year to EUR 39.6 billion, and the adjusted EBIT increased to EUR 796 million, compared to a loss of EUR 1,759 million in the same period a year ago.

All divisions have contributed to this positive performance, especially the materials businesses that have profited from the increased volumes and prices.

In the fiscal year 2021/2022, the adjusted EBIT was expected to double and reach EUR 1.5 billion to 1.8 billion. The figure included a significant improvement in earnings at Steel Europe and a great decrease in losses at Multi Tracks.

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Metal Price Index

  • Created with Highcharts 4.0.41. Jun1. Jul1. Aug14,50015,00015,50016,000
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