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5/12/2017, 7:29 AM (Source: TeleTrader)
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Thyssenkrupp posts loss per share of €1.54

Thyssenkrupp reported a loss per share of €1.54 and a net loss of €855 million in the first half ended on March 31 on Friday. In the same period last year, the company’s earnings per share were €0.07 and its operating loss was 9 million.

Operating cash flows decreased 90% from the first six months in 2016 and were at a negative €1.34 billion.

However, Thyssenkrupp’s order intake rose by 3,111 to 21,948 in the half year ended March 31. Net sales also increased and were up by 1,684 to 21,084 in the same period.

For the whole fiscal 2016/2017 the company revised its forecast as a result of the pending sale of Brazilian steel mill CSA which was agreed in February this year. Thyssenkrupp expects a net loss for the year, "exclusively as a result of the negative earnings impact from the sale of CSA." 

Breaking the News / VP