AT A GLANCE: Thyssenkrupp reports improved Q2 performance, raises full-year outlook

A summary of German industrial group Thyssenkrupp's results for the second quarter of its current business year 2020-21, covering the period from January 1 to March 31, 2021.

In brief

Thyssenkrupp’s second-quarter results continue to improve after a successful first quarter, with all segments contributing to better earnings. Thyssenkrupp's Steel Europe segment reported significantly improved sales, order intake and adjusted earnings before interest and taxes (Ebit) over the quarter due to the significant increase in demand, particularly, from the automotive sector, which grew on both higher average selling prices and higher shipments as well as higher capacity utilization. The company's Steel Europe division's sales increased on sharp steel price rises, with shipments equal to the prior year at 2.7 million tonnes. The trading arm of Thyssenkrupp, Material Services, made a significant earnings improvement during the quarter due to considerable price rises for finished steel and stainless steel products. ...

Published

Julia Bolotova

May 11, 2021

16:15 GMT

Dnipro