Capital market-relevant press releases, 2005-08-12, 07:30 AM
ThyssenKrupp successful in 3rd quarter 2004/2005
Despite a more difficult market environment, ThyssenKrupp continued to hold up well in the 3rd quarter 2004/2005. Sales increased by 12%. The Group's income from continuing operations before taxes and minority interest reached 529 million Euro. Earnings for the first nine months of the fiscal year amounted to 1,454 million Euro, compared with 1,069 million Euro a year earlier.
The highlights for the 3rd quarter of fiscal 2004/2005 were as follows:
- Order intake from continuing operations increased to 10.6 billion Euro, 7% higher than the same quarter a year earlier. Orders in the first nine months of the fiscal year were 32.1 billion Euro (previous year 29.1 billion Euro), 10% higher than a year earlier.
- Sales were up 12% at 11.3 billion Euro. Sales in the first nine months climbed 14% from 27.6 billion Euro to 31.5 billion Euro.
- Income from continuing operations before taxes and minority interest amounted to 529 million Euro. This figure includes a 28 million Euro impairment loss in the Automotive segment. Twelve months previously the figure stood at 537 million Euro. In the first nine months EBT increased from 1,069 million Euro to 1,454 million Euro.
- Earnings per share from continuing operations reached 0.59 Euro, compared with 0.61 Euro a year earlier. For the first nine months, earnings per share increased from 1.26 Euro to 1.66 Euro.
- Net financial payables amounted to 1,649 million Euro at June 30, 2005, 1,184 million Euro less than at September 30, 2004 and 2,613 million Euro less than at June 30, 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 of just over 41 billion Euro. In terms of earnings before taxes, excluding the effects of major disposals, acquisitions and restructuring measures, we aim to achieve around 1,700 million Euro, surpassing the very good level of 2003/2004 (1,470 million Euro)."
As part of the now almost completed "Divest 33+" program, ThyssenKrupp has sold the MetalCutting business of ThyssenKrupp Technologies to an American buyer. With just under 2,800 employees, MetalCutting generated sales of around 490 million Euro in fiscal year 2003/2004. The disposal is subject to the approval of the competent bodies. More detailed information on this is provided in a separate press release issued by ThyssenKrupp Technologies.
The full interim report is available in German and English online and downloadable versions at http://www.thyssenkrupp.com.