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| ThyssenKrupp performed in line with expectations in 1Q 2007/2008 Germany-based industrial giant ThyssenKrupp said its earnings before taxes amounted to €646 million. Before major nonrecurring items EBT was €715 million. Profits were therefore higher than planned but, as expected, lower than a year earlier. The prior-year quarter was boosted by exceptionally strong demand and very high base prices for stainless steel, which were both absent in the reporting quarter in the Stainless and Services segments. The mid-term sales target for ThyssenKrupp is €60 billion, while the mid-term goal for sustainable earnings before taxes and major nonrecurring items is €4 billion. In the longer term, especially after the startup of the steel mills of Steel and Stainless in North America and the investments of the other segments in other regions, ThyssenKrupp aims to achieve sales of around €65 billion and earnings before taxes and major nonrecurring items of €4.5 to 5.0 billion. write your comments about the article :: © 2008 Construction News :: home page |