Deals
Thyssenkrupp Raises Profit Outlook After Brazil Plant Sale
- Company forecasts 1.8 billion euros of adjusted Ebit this year
- Charges from the Ternium deal resulted in quarterly net loss
ThyssenKrupp CFO Says Growing Nicely in China
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Thyssenkrupp AG, Germany’s biggest steelmaker, boosted its fiscal-year profit forecast after it improved its operating performance and agreed to sell a Brazilian steel plant.
Earnings before interest and taxes, excluding one-time items, will be 1.8 billion euros ($1.96 billion) in the fiscal year through September, the Essen, Germany-based company said Friday in a statement. That compares with a previous forecast of 1.7 billion euros. Excluding the facility in Rio de Janeiro state that’s set to be sold, Thyssenkrupp is forecasting adjusted EBIT of 1.7 billion euros this fiscal year.