2/14/2018, 7:58 AM (Source: TeleTrader)
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Thyssenkrupp's EPS at €0.12 in Q1

The German multinational conglomerate Thyssenkrupp AG reported on Wednesday its earnings per share (EPS) in the first quarter of fiscal 2018 stood at €0.12, rising slightly compared to last year's €0.01. The company made a net income of €91 million, a €96 million rise compared to a €6 million loss recorded in the same three-month period in the previous year, including a one-time negative effect of €87 million on net income from the US tax reform. Meanwhile, the income attributable to the shareholders arrived at €78 million in the same quarter, compared to a loss of €13 million recorded a year ago.

The company recorded net sales of €9.8 billion in the 1st quarter ended December 31, marking a 3% rise compared to the same period a year ago. Meanwhile, order intakes fell by 2% to arrive at €9.7 billion in the same period.

"The positive earnings development shows that our performance programs are working. We’re continuing to make good progress with the transformation of Thyssenkrupp into a strong industrial group. We’re therefore well on track to achieving our targets for the full year," says Thyssenkrupp CEO Heinrich Hiesinger.

Breaking the News / FH