WATCH: Thyssenkrupp flagged a negative free cash flow of up to $1.8 billion in its current fiscal year, citing restructuring costs as the German conglomerate tries to simplify its sprawling set-up
Steel unit swings to adj EBIT of 19 mln eurosFRANKFURT, Aug 11 - Thyssenkrupp
Thyssenkrupp, which reported third-quarter results that showed a marked improvement from the year-earlier period, had previously forecast the cash gap would narrow towards negative 1 billion euros from negative 5.5 billion last year. The turnaround this year is incurring restructuring costs in the low to mid triple digit million euro range.A crane operator lifts up a finished steel coil at the storage and distribution facility of the German steel maker in Duisburg, Germany, January 30, 2020.
The division's adjusted earnings before interest and tax stood 19 million euros in the third quarter, compared with a 309 million loss a year earlier.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
FEMA funeral assistance tops $1 billion to families of Covid victimsThe Federal Emergency Management Agency's funeral assistance program has distributed more than $1 billion to those who have lost loved ones to Covid-19 since the application process began in mid-April, the agency announced Friday.
Weiterlesen »
Boston's famed Skinny House back on market, listed for $1.2MBOSTON (AP) — Boston's famous Skinny House is on sale again for a whopping $1.2 million. The vertically rectangular-shaped house was listed Monday, the first time it's been on the market since 2017.
Weiterlesen »
Pacsun Paces To $1 Billion In 2021 As They Innovate DigitalPacsun paces to $1 Billion in 2021 as the innovate digitally. Grossing over $700 million in 2020 with an 85% Gen Z audience, the brand shares how they are achieving year over year growth.
Weiterlesen »
Analysis: Most Americans support $1.2T infrastructure bill, poll findsA new poll finds most Americans back the infrastructure deal, which is more good news for proponents of the package that cleared the Senate with bipartisan support this week. | Analysis by LaurenDezenski
Weiterlesen »
‘Down on his luck’ artist pleads guilty to selling over $1 million in forged paintingsProsecutors say Jason Harrington specialized in forgeries of works by Richard Hambleton and Barkley Hendricks.
Weiterlesen »
I’m 60 and have $1 million in my retirement accounts. My house needs a new roof. Should I use my savings to cover the repairs?'I am still working but at a job that pays me far less than I used to make, so being able to afford the repairs would require the withdrawal.'
Weiterlesen »