thyssenkrupp : Q2 2021-22 to confirm contract renegotiation impact. Guidance maintained
>Good Q1 2021-22 despite the headwinds - thyssenkrupp reported solid Q1 2021-22 results (year to end-September) with adjusted EBIT of € 378m (vs € 232m in Q4 2020-21). The engine of this recovery was the increase in results, particularly at Steel Europe (adjusted EBIT of € 124m i.e. +€ 95m in sequential terms) and Multi Tracks (adjusted EBIT of -€ 1m vs -€ 63m in Q4 2020-21) thanks to the performance of AST Terni (stainless steel) which is now deconsolidated. This upt...ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.
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