Ad Hoc Releases, 2001-08-28, 02:00 AM
The ThyssenKrupp Group in the first 9 months of 2000/2001
The global economic slowdown had an increasing impact on ThyssenKrupp`s performance in the 3rd quarter of 2000/2001, reflected particularly in earnings:
･ At euros374 million income before taxes and minority interest in the 3rd quarter was euros34 million lower than the prior-year period. Without the proceeds from the sale of the iron ore mine Ferteco, earnings in the quarter amount to euros44 million. In the first nine months of 2000/2001 income before taxes and minority interest improved euros57 million to euros832 million.
･ 3rd quarter earnings per share were euros0.52 (prior-year period euros0.40), eliminating non-recurring effects euros0.05. In the first 9 months the figure was euros1.13 (previous year euros0.73), eliminating non-recurring effects euros0.40.
ThyssenKrupp does not expect any improvement in the economic environment in the 4th quarter of 2000/2001. Nevertheless the Group`s full-year sales will match the prior-year level. However, owing to the weak economic conditions it will not be possible to repeat last year`s pre-tax earnings, even taking into account non-recurring effects. Due to non-recurring tax effects net income will be higher than the year before.
The full interim report is available in German and English; both versions can also be downloaded from the internet at http://www.thyssenkrupp.com.