10 Feb 2022

A rather (expected) sound start to FY21/22

- Fabrice Farigoule
- 3 pages

The start of FY21/22 is rather sound, mainly due to solid prices and despite higher input costs. Overall, the group’s profitability remains modest, before restructuring measures are fully felt. The quite significantly negative FCF is not an issue (WC build up). We will only marginally adjust our numbers after this release.

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A rather (expected) sound start to FY21/22

thyssenkrupp AG (TKA:ETR) | 0 0 0.0%

Published: 10 Feb 2022
Author: Fabrice Farigoule
Pages: 3

The start of FY21/22 is rather sound, mainly due to solid prices and despite higher input costs. Overall, the group’s profitability remains modest, before restructuring measures are fully felt. The quite significantly negative FCF is not an issue (WC build up). We will only marginally adjust our numbers after this release.