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thyssenkrupp registers growth in Q3

By Swati Deshpande,

Added 10 August 2018

7 percent growth as compared with the prior-year quarter

growth

thyssenkrupp, the technology and industrial group, remains on its growth path even inQ3. Despite adverse currency effects, the Group was able to increase its order intake and sales in the 3rd quarter of the 2017/2018 fiscal year by 7% respectively compared with the prior-year quarter. On a comparable basis, meaning adjusted for currency and portfolio effects, the order intake improved by 10% and sales by 9%. The Group’s adjusted EBIT of €332 million in the 3rd quarter was, however, below the prior-year figure. This is mainly due to additional project expenses of around €200 million in the Industrial Solutions Business Area.

thyssenkrupp delivered positive progress across many areas in the first 9 months of the current fiscal year: The Group’s order intake of €31.1 billion was at about the same level as in the prior year (€31.4 billion); adjusted for currency effects, the order intake increased by 2%. thyssenkrupp’s sales went up from October to June by 3% to €31.7 billion; on a comparable basis, the increase was 6%. Group adjusted EBIT rose in the same period to €1.3 billion (prior year: €1.2 billion).

The materials businesses benefited in particular from the sustained positive trend in the market cycle, leading to strong earnings contributions from both Materials Services and Steel Europe. In the industrial goods businesses, Components Technology and

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