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Germany's ThyssenKrupp's net sales decreased in the first quarter of the 22-23 financial year

Germany's ThyssenKrupp has announced its financial performance in the first quarter of its 2022-2023 financial year.

Germany's ThyssenKrupp's net sales decreased in the first quarter of the 22-23 financial year
Germany's ThyssenKrupp has announced its financial performance in the first quarter of its 2022-2023 financial year. Its net sales decreased by 19.6% compared to the same period last year to 98 million euros. Meanwhile, order volume increased by 22% y-o-y to €3 billion, while sales reached €2.9 billion, increase by 10% from the same period last year.
European industry, including steel, cement and chemical producers, could face a more difficult situation such as high energy costs and increasing inflation without any plan similar to the U.S. climate support package, ThyssenKrupp said.

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