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Thyssenkrupp expects earnings to drop

According to the company statement...

Thyssenkrupp expects earnings to drop

Thyssenkrupp AG expects earnings to decline next year due to the weak economy. Rising energy costs, inflation and rising interest rates are seen as factors that create this expectation.

At least for the 2022/3 fiscal year, the cash outflow of the company, which expects to stop its cash outflows, was 1.3 billion euros in the previous fiscal year, while the cash outflow decreased to 476 million euros in the financial year that just ended.

Due to its operating performance allowing it to pay dividends for the first time since 2018, a 15 cents dividend per share will be proposed at its annual general meeting in February.

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