11.05.2021. thyssenkrupp was able to build on its good first-quarter performance in the second quarter of the current fiscal year 2020/2021. The group’s order intake was up 14 % against the comparable prior-year period at 8.6 billion €. Sales in the second quarter also increased by 4 % to 8.6 billion € (prior year: 8.2 billion €).
Results
Adjusted EBIT came to 220 million €, up significantly from the prior-year figure of (279) million €. Almost all segments contributed to this earnings improvement. Positive effects from the restructuring and efficiency measures supported this growth. In light of the good first half performance, thyssenkrupp has raised its forecast for the current fiscal year for both sales and earnings.
Martina Merz, CEO of thyssenkrupp AG: “We made up more ground in the second quarter. On the one hand we were helped by the recovery in many of our markets. On the other, our performance measures are having the planned effect. That is good and gives us confidence. But we also know that we still have a lot of work to do. So we are not sitting back. The realignment of thyssenkrupp remains a journey of many small steps – and we’re taking those steps.”
Steel Europe
In a continued structurally challenging market environment, order intake and sales at Steel Europe were up 13 % and 8 % respectively from the prior year. As a result of catch-up effects above all from the automotive industry and strong demand from restocking particularly at steel processors, business continued to pick up. Adjusted EBIT improved significantly to 47 million € (prior year: (181) million €). Reasons for this were higher capacity utilisation combined with an improved product mix and positive price trend as well as initial effects of the ongoing restructuring and the initiated performance measures.
(Source: thyssenkrupp)
