AT A GLANCE: Thyssenkrupp reports H1, Q2 sales drop

A summary of German steelmaker Thyssenkrupp’s financial results for the first half and second quarter of its 2019/2020 financial year up to March 31, 2020.

In brief 

Thyssenkrupp’s performance was significantly affected by the initial effects of the coronavirus pandemic.  It cites the weak automotive market as well as price and volume losses in the materials businesses.  Its steel Europe division reported poor results due to an extremely challenging steel sector.  Payment of the fine in the heavy plate cartel case in the amount of the recognized provisions of €370 million. H1 results for continuing operations which excludes the elevator sector
(year-on-year change)


Carrie Bone

May 12, 2020

17:26 GMT