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Thyssenkrupp Q2 loss narrows, lifting FY outlook

May 17, 2021


Abstract : ​Thyssenkrupp reported Tuesday that its second-quarter net loss, after deducting minority interest, narrowed to 211 million euros (256.7 million dollars) or 0.34 euros per share from 948 million euros or 1.52 euros per share in the previous year.

Thyssenkrupp reported Tuesday that its second-quarter net loss, after deducting minority interest, narrowed to 211 million euros. (picture alliance/dpa)

Thyssenkrupp reported Tuesday that its second-quarter net loss, after deducting minority interest, narrowed to 211 million euros (256.7 million dollars) or 0.34 euros per share from 948 million euros or 1.52 euros per share in the previous year.

Sales increased by 4 percent to 8.6 billion euros from last year.

For the current fiscal year Thyssenkrupp expects a further continuing economic recovery and a visible structural business improvement.

After the positive trend in the first half of the current fiscal year, this trend should continue in the second half, albeit with subdued momentum.

Annual sales are expected to grow in the low two-digit percentage range but remain clearly below the pre-crisis level. Sales growth was previously expected in the high single-digit percentage range.

The company expects annual adjusted EBIT to increase significantly towards a positive result in the mid 3-digit million euro range. Previously it was expected at almost breakeven.

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Keyword: Thyssenkrupp German company

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