TELETRADER News
5/14, 7:20 AM (Source: TeleTrader)
more TeleTrader news

ThyssenKrupp posts EPS at €0.06, down 89% YoY

ThyssenKrupp AG reported its earnings per share were at €0.06 for the first half of 2019, down 89% for the last years EPS of €0.51. Order intake was at €20.47 billion, increasing 4% versus last year's €19.62 billion. Net sales rose 2% on an annual basis for the first half of the year, from €19.98 billion to €20.37 billion. Earnings before interest and taxes (EBIT) sunk 48% to €442 million, while adjusted EBIT fell 27% to €685 million.

Net financial debt rose 36% to €4.83 billion from last year's €3.55 billion, while total equity dropped 7%, from €3.33 billion to €3.11 billion. The German steel conglomerate employed 161,153 people or 1% more than in the first half of 2018.

ThyssenKrupp said it anticipates an adjusted EBIT of €1.1 to €1.2 billion for the whole year, while the comparable prior-year figure was €1.4 billion. Further, the group expects its net income to be negative because of restructuring expenses and cost of IPO preparation for its elevator business, as well as a provision for cartel proceedings with the Federal Cartel Office (Bundeskartellamt).

Breaking the News / MD