Miguel Lopez, the General Director of the German steel company Thyssenkrupp, said in the financial report of the company for the third quarter, ending on June 30, 2024-25 of the financial year, that this quarter was characterized by huge macroeconomic uncertainty. The company's productivity was influenced by a weak market environment in the key sectors of the customer, such as automotive, engineering and construction.
In this quarter, the company announced a clean loss of € 255 million compared to a pure loss of € 33 million in the third quarter of the previous financial financial financial years, mainly due to a one-time tax effect of about € 135 million in connection with the preparation of the planned allocation of its Marine Systems division, while sales revenue amounted to € 8.15 billion, decreasing nine percent in annual calculus, mainly due to reducing prices and demand. In addition, EBITDA Thyssenkrupp in the third quarter amounted to € 219 million, decreasing by 15.0% in annual calculus.
In the third quarter, the volume of orders of the steel unit amounted to € 2.10 billion compared to € 2.73 billion in the same quarter of the previous financial year, while its sales fell by 13.0% in the annual calculation of up to € 2.45 billion due to reduction of prices and demand.
over the entire 2024-25 financial year, Thyssenkrupp will expect its net profit from € 100 Milln to € 500 million, and adjusted EBIT will be from € 600 million to € 1 billion
