AT A GLANCE: Thyssenkrupp group earnings hit by tough year for steel

A summary of German diversified industrial group Thyssenkrupp’s financial results for the first quarter of its 2019/20 financial year, ended December 31, including its steelmaking and steel-related divisions.

In brief Earnings fall due to “difficult economic environment” and market situation at Thyssenkrupp Steel Europe; sales stable despite economic headwinds. Materials businesses affected by price, volume losses. Payment of fine in heavy plate cartel case of €370 million ($403 million). Steel Europe performance “characterized by the structurally extremely challenging situation in the steel sector.” Overall...

Published

Carrie Bone

February 13, 2020

19:12 GMT

London