Thyssenkrupp is on track again after the heavy losses of recent years

Thanks to the global economic recovery, the industrial group Thyssenkrupp is getting better and better on track after the heavy losses of recent years. The company raised its forecasts after growth in the past quarter. The steel division, which had recently been flagging, was also able to grow operationally. In the full year 2020/21, which runs until the end of September, CEO Martina Merz still expects a loss on balance. She again encouraged investors to understand that it would take many small steps to make the Ruhr group profitable. In operational business, a significant increase in earnings to a mid three-digit million figure (adjusted EBIT) is expected in the financial year, the company announced. So far, Thyssenkrupp had only promised an almost breakeven operating result - after a previous pro forma loss of 1.8 billion euros. Thanks to a recovery in demand, the group was able to grow in almost all sectors in the second quarter of 2020/21 - including the steel business. Operationally, the group brought in 220 million euros and thus exceeded market expectations. According to a presentation, the adjusted EBIT will be lower in the third quarter than in the second. The Thyssenkrupp shares listed in the MDax fell by more than seven percent at times during trading. Traders pointed out that the free cash flow was worse than expected. "That pushes the course." But there is also profit-taking. In addition, Thyssenkrupp expected more details about the future course, for example in the future business with hydrogen, in May. The steel business was able to bring in an operating result of 47 million euros in the quarter. How things will continue in the materials business is still open. According to CFO Klaus Keysberg, the group will definitely not go public this year. After the failed takeover by British competitor Liberty Steel, Thyssenkrupp Steel Europe is to be restructured and then possibly split off and floated on the stock exchange. Group boss Merz is also pushing ahead with cutting thousands of jobs. She does not want to make quick decisions: "The realignment of Thyssenkrupp remains a path of many small steps - and we are taking them."