Date: 2 months ago   Category: Economy

Thyssenkrupp warned about deterioration in business climate


The ThyssenKrupp group warned about the worsening economic situation as the key factor defining demand for products of concern, and a signal of approach of hard times for business in anticipation of planned backs-off.

of Fear about delay of world economy amplified because of decline in demand in recent months - for the first time in four years, growth rates of the enterprises of the eurozone at the beginning of a year were the lowest from the middle of 2013.

of ThyssenKrupp which said last year that it is going to separate the divisions on production of elevators, automobile details and the equipment still expects that the corrected operating profit on the continuing activity will grow to more than 1 billion euros (about 1.13 billion dollars) in 2018-19.

As reported to ThyssenKrupp, the corrected EBIT indicator in the first quarter dropped by 26% to 333 million euros, having decreased by 77% in connection with fall of profit at the metallurgical enterprise which stopped the activity which is planned to be united with the European divisions of the Indian Tata Steel.

of the Stock of ThyssenKrupp lost about a third since it was announced about backs-off in September as investors are concerned by lack of details of the transaction on which so far previously the executive director Guido Querjoff informed.

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