Content of this page
BUSINESS SITUATION
| ThyssenKrupp in Figures |
| All figures relate to continuing operations. *before taxes |
|
|
|
|
|
|
Order intake |
million € |
|
10,574 |
|
12,439 |
|
32,610 |
|
36,770 |
Sales |
million € |
|
11,253 |
|
12,138 |
|
31,951 |
|
34,866 |
EBITDA |
million € |
|
1,013 |
|
1,290 |
|
2,976 |
|
3,466 |
Income* |
million € |
|
577 |
|
806 |
|
1,555 |
|
2,004 |
Employees (June 30) |
|
|
183,085 |
|
186,695 |
|
183,085 |
|
186,695 |
Order intake and sales
Against the background of a generally favorable market environment, ThyssenKrupp remained on growth track in the 3rd quarter 2005/2006. Order intake and sales showed pleasing growth. Order intake from continuing operations reached €12.4 billion, an increase of 18% against the prior-year quarter.
Sales from continuing operations climbed by 8% to €12.1 billion. The high demand and increased prices for our carbon steel and stainless flat products led to higher sales in the Steel and Stainless segments. Automotive was particularly successful in the systems business. Following disposals, sales at Technologies did not quite match the year-earlier level. Elevator benefited from strong new installations business. Thanks to the buoyant market for materials and a targeted business expansion, Services achieved its highest ever quarterly sales.
SALES* billion €
* from continuing operations
Income
INCOME* million €
* from continuing operations before taxes
ThyssenKrupp increased its pre-tax profit by €229 million to €806 million. 3rd-quarter income again reached a new record high, continuing the series of successful quarters in fiscal year 2005/2006. With the Steel segment remaining highly profitable, the Services, Technologies and Stainless segments in particular contributed to the significant growth in earnings. The Elevator segment likewise improved from an already high level, while Automotive generated lower earnings.
The Steel segment further expanded its high earnings through significantly increased shipments and net revenues which more than compensated for the substantial price increases for raw materials, energy and freights. Stainless increased its profits thanks to the recovery in demand since the start of the year and the attendant base price increases. At Automotive charges in connection with restructuring measures in North America were responsible for the decline in earnings. Technologies improved earnings in all business units, in particular Plant Technology. Elevator achieved a further increase in its already high profits despite restructuring expenditure for the manufacturing activities in South Korea; a major contribution to growth came from North America. The Services segment returned significantly higher income in all business units. Key factors were the continued boom in volumes and prices for industrial and raw materials together with successful performances in industrial services in particular in North America.
After taking into consideration Corporate and tax expenses, net income for the period is €468 million.
Deducting from this the minority interest in profits of €22 million, earnings per share is €0.87, compared with €0.48 in the comparative prior-year quarter. It should be noted that in the prior-year quarter €0.18 per share came from discontinued operations for which no expense or income was recognized in the reporting quarter.
Net financial liabilities and capital expenditures
NET FINANCIAL LIABILITIES million €
At June 30, 2006 the Group reports net financial receivables of €496 million. This means that in the first nine months of the fiscal year the financial position has improved by €673 million. Compared with June 30, 2005 the improvement amounts to €2,321 million.
Capital expenditures in the 3rd quarter 2005/2006 totaled €428 million, 19% more than in the prior-year quarter. €386 million was invested in property, plant and equipment and intangible assets, with the remaining €42 million being used for the acquisition of businesses, shareholdings and other financial assets.
In May 2006 the Supervisory Boards in the ThyssenKrupp Group approved the construction of a steel mill for slabs in Brazil with a capacity of 5.0 million metric tons. The investment volume will amount to 2.4 billion US dollars. Within the global forward strategy of ThyssenKrupp Steel, the aim of the project is to utilize growth opportunities in Europe and the NAFTA market.
Employees
On June 30, 2006 ThyssenKrupp employed 186,695 people worldwide, 763 or 0.4% more than at the end of the last fiscal year. The increase in the workforce mainly reflects changes in the Group's portfolio.
The Services segment recorded a sharp increase as a result of acquisitions, while the number of employees at Steel and in particular Automotive decreased.
In Germany, the headcount decreased by 4% to 83,622, while outside Germany it increased by 4% to 103,073. At the end of June 2006, 45% of the workforce was employed in Germany, 23% in the rest of Europe and 18% in the NAFTA region. The share of employees based outside Germany is particularly high in the Elevator (88%) and Automotive (72%) segments.
Ideas Park in Hanover: Enthusiasm for innovations
Following the outstanding success of the 2004 Ideas Park in Gelsenkirchen, ThyssenKrupp staged a second Ideas Park in Hanover in May 2006. True to the motto "Discover technology. Shape the future", ThyssenKrupp in conjunction with the state of Lower Saxony and more than 50 partners showed how innovations are created. More than 150 exhibits from the areas of "Mobility", "Life and Environment" and "Creativity" provided a fun insight into the world of innovation.
Daily science shows, theatrical presentations and attractions for young and old were included in the program of events. The most prominent guest among well over 200,000 visitors was German Chancellor Angela Merkel. The technology shows are aimed above all at making technical and scientific careers more attractive to young people with a view to countering the lack of engineers in the future and fostering acceptance for technology among the general public.
