AFP, Berlin :
German heavy industry giant ThyssenKrupp said Thursday it had booked a strong boost in profit for the 2014-2015 business year and forecast healthy growth for the current year. ThyssenKrupp, which runs its business year from October to September, said that adjusted earnings before interest and taxes (EBIT) climbed by 26 percent to around 1.7 billion euros ($1.8 billion).
Net profit surged 37 percent to 268 million, while turnover climbed four percent to 42.8 billion euros.
ThyssenKrupp, which is active in steel, a sector with volatile prices, has shifted its focus to products such as elevators, industrial plant technology, submarines and car parts — a strategy the company said was now paying off. “We have delivered on our promise,” chief executive Heinrich Hiesinger said in a statement.
German heavy industry giant ThyssenKrupp said Thursday it had booked a strong boost in profit for the 2014-2015 business year and forecast healthy growth for the current year. ThyssenKrupp, which runs its business year from October to September, said that adjusted earnings before interest and taxes (EBIT) climbed by 26 percent to around 1.7 billion euros ($1.8 billion).
Net profit surged 37 percent to 268 million, while turnover climbed four percent to 42.8 billion euros.
ThyssenKrupp, which is active in steel, a sector with volatile prices, has shifted its focus to products such as elevators, industrial plant technology, submarines and car parts — a strategy the company said was now paying off. “We have delivered on our promise,” chief executive Heinrich Hiesinger said in a statement.
