thyssenkrupp: 39% drop in net income in the 3rd quarter

thyssenkrupp publishes net income group share down 39% to 76 million euros for its third quarter 2021-22, or 0.12 euros per share, despite an adjusted EBIT almost tripling to 721 million euros.

In a difficult market environment, the German industrial conglomerate saw its turnover improve by 26% to 11 billion euros over the period from April to June, while its order intake increased by 13% to ten billion euros. .

He said his performance was supported by his materials services and steel Europe businesses, while continuing supply chain issues and higher costs weighed on automotive technologies and industrial components.

“Despite continued uncertainty about the future evolution of the geopolitical and macroeconomic environment and the associated limited ability to reliably forecast the effects,” thyssenkrupp reiterates its sales and profit guidance for 2021-22.

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