The group’s accounts show poor profit numbers, but our real concern is the lack of cash generation and balance sheet quality. 9M order inflow was up by 14% to €32.7bn and revenue by 9% to €32.0bn. EBIT fell by 76% to €205m and net income including the loss from discontinued operations (€1.05bn) turned around from a profit of €168m in 9M16 to a loss of €721m. While the revenue number was just ahead of our expected €31.2bn, the two profit numbers fell sh
10 Aug 2017
Running out of cash and equity
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Running out of cash and equity
thyssenkrupp AG (TKR:WBO) | 0 0 0.4% | Mkt Cap: 14,231m
- Published:
10 Aug 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s accounts show poor profit numbers, but our real concern is the lack of cash generation and balance sheet quality. 9M order inflow was up by 14% to €32.7bn and revenue by 9% to €32.0bn. EBIT fell by 76% to €205m and net income including the loss from discontinued operations (€1.05bn) turned around from a profit of €168m in 9M16 to a loss of €721m. While the revenue number was just ahead of our expected €31.2bn, the two profit numbers fell sh