11/18/2021, 7:04 AM (Source: TeleTrader)
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ThyssenKrupp FY net sales up 18% to €34B

ThyssenKrupp AG said on Thursday that its net sales in fiscal 2020/2021 climbed 18% compared to the previous year to land at €34 billion.

German industrial conglomerate's net loss was €25 million, or €0.18 per share, in the 12-month period, worsening from a net income of €9.6 billion a year earlier, which included a profit from the sale of its elevator business. However, on the basis of continuing operations, net loss improved from €5.5 billion in 2019/2020 to €19 million this year.

"After a good two years of intensive transformation work, we can now say that the turnaround is evident. ThyssenKrupp is going in the right direction. Our performance is improving significantly, which is reflected in our figures," CEO Martina Merz stated.

Baha Breaking News (BBN) / NP