Capital market-relevant press releases, 2005-05-13, 07:32 AM
ThyssenKrupp in 1st half 2004/2005: Consolidated income of 913 million Euro
ThyssenKrupp continued to develop successfully in the 1st half 2004/2005. In a generally more difficult market environment, ThyssenKrupp achieved further growth. Order intake and sales expanded encouragingly. The Group's income from continuing operations before taxes and minority interest reached 913 million Euro in the 1st half 2004/2005 compared with 521 Euro million in the corresponding prior-year period, an increase of around 75%.
The highlights for the 2nd quarter and the first six months of fiscal 2004/2005 were as follows:
･ Order intake from continuing operations in the reporting quarter was 11.1 billion Euro, 9% higher than the same quarter a year earlier, and 21.8 billion Euro in the 1st half (prior year 19.4 billion Euro).
･ Sales were 10.5 billion Euro in the 2nd quarter, up 12% from the comparable prior-year period, and 20.5 billion Euro in the 1st half (prior year 17.7 billion Euro).
･ EBITDA increased by 94 million Euro to 826 million Euro in the 2nd quarter, and in the 1st half from 1.3 billion Euro a year earlier to 1.7 billion Euro in the current fiscal year.
･ Income from continuing operations before taxes and minority interest rose by 95 million Euro to 445 million Euro, and in the 1st half to 913 million Euro (prior year 521 million Euro).
･ Earnings per share from continuing operations reached 0.52 Euro, compared with 0.44 Euro a year earlier; the figure for the 1st half was 1.05 Euro, compared with 0.64 Euro a year earlier.
･ Net financial payables amounted to 1,727 million Euro at March 31, 2005, 1,106 million Euro less than at September 30, 2004 and 2,553 million Euro less than at March 31, 2004.
Executive Board Chairman Prof. Dr. Ekkehard Schulz: "We expect the encouraging business performance to continue on the whole in the further course of the year. For the full year we plan sales in the magnitude of just over 41 billion Euro. This figure does not include portfolio changes. In terms of earnings before taxes, excluding the effects of major disposals and restructuring measures, we aim to surpass the very good level of 2003/2004 (1,454 million Euro)."
The full interim report is available in German and English online and downloadable versions at http://www.thyssenkrupp.com.