thyssenkrupp : Solid Q2 (sales/adj. EBIT slightly ahead of cons) on strong MX/SE activities
>Adj. EBIT of € 721m slightly above consensus, new ‘green’ H2 project - thyssenkrupp published Q3 21/22 results with adj. EBIT almost tripled y-o-y to € 721m, slightly above (2%) the consensus forecast of € 705m. The strong uptick was primarily attributable to continued margin expansion in Materials Services (MX) and Steel Europe (SE), supplemented by performance initiatives (incl. >1,700FTEs reduced in 9M 21/22). Sales increased 26% y-o-y to € 11bn (consensus: € 10....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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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