Thursday, November 23, 2017

ThyssenKrupp Posts Net Loss, Orders Up; Sees Higher Earnings In FY18; Stock Up

Shares of thyssenKrupp AG were gaining around 2 percent in the morning trading in Germany after the steel giant Thursday said it expects clearly positive net income and significantly higher adjusted EBIT, a key earnings metric, in fiscal 2018. This was after reporting higher adjusted EBIT, sales and order intake in its fiscal 2017, despite a net loss due to charges.

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