Cyrrus (Cyrrus)
World markets  |  August 10, 2012 10:22:41

ThyssenKrupp 2Q results beat estimates for the market

ThyssenKrupp today reported financial results for Q3 of its fiscal year. Net profit reached 238 million euros, but largely on the U.S. signed a sale Waupaca Foundry. Sales at EUR 10.7 billion market offset the expected 10.6 billion. ThyssenKrupp achieved EBIT exceeded analysts' expectations (122 million vs. 83.4 million). The U.S. division reported a loss of EBIT of EUR 262 million, which means 38% year over year. But ThyssenKrupp CEO revealed that the company is in contact with several potential investors, which discussed possible cooperation in the troubled U.S. division. The company confirmed its full-year outlook, despite experiencing increased caution among customers.New information we consider to be positive for ThyssenKrupp shares, which are added at the beginning of trading over 3%.

George SIMAR

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