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| ThyssenKrupp earnings growth continues in first nine months German industrial conglomerate ThyssenKrupp said its earnings before taxes have improved from quarter to quarter in the current fiscal year (1st quarter: €646 million, 2nd quarter: €742 million, 3rd quarter: €909 million) and amounted to €2,297 million; this was higher than planned. Excluding major nonrecurring items, comprising the pre-operating costs for the new steel mills, restructuring expense in the Steel and Elevator segments and disposal gains in the Technologies segment, earnings are €1,073 million for the third quarter and €2,572 million for nine months. As expected, earnings failed to match the prior-year level, which was characterized by an exceptional situation on the stainless steel markets. The highlights for the first nine months of 2007/2008 were as follows: * Order intake was €41.5 billion (nine month as 2006/2007: €42.8 billion), 3% lower than a year earlier. * Sales rose by 2% to €39.7 billion (€38.9 billion). * EBITDA was €3,646 million, compared with €4,266 million in the prior year. * Earnings before taxes decreased to €2,297 million from €2,853 million in the previous year. Before major nonrecurring items, EBT would have been €2, 572 million (prior year €3, 294 million). * Earnings per share fell from €3.25 to €3.06. * Net financial debt at June 30, 2008 was €2,127 million. One June 30, 2007, net financial debt stood at €806 million. The highlights for the 3rd quarter of 2007/08 were as follows: * Order intake was €14.2 billion (3rd quarter 2006/2007: €15.6 billion). * Sales rose to €14.2 billion (€13.4 billion). * EBITDA was €1,366 million (€1,728 million). * Earnings before taxes were €909 million compared with €1,219 million in the prior year. Before major nonrecurring items, EBT would have been €1,073 million (prior year €1,180 million). * Earnings per share were €1.21, compared with €1.49 in the prior year. write your comments about the article :: © 2008 Construction News :: home page |