The largest steel producer in Germany ThyssenKrupp made a net profit of 145 million euros

German industrial group ThyssenKrupp AG, the largest steel producer in the country, received a net profit of 145 million euros in the third financial quarter (ended June 30) (a loss of 668 million euros a year earlier), follows from the company’s financial statements.

Adjusted EBIT was 266 million euros in the last financial quarter against a negative value of 445 million euros a year earlier.

EBITDA of the company increased to 584 million euros from negative 176 million euros.

ThyssenKrupp confirmed the forecast for the financial year: revenue will grow by about 10%, but will remain below the pre-crisis level (from 28.9 billion euros in the previous year). Adjusted EBIT may go positive (three-digit million euros) from negative 1.8 billion euros a year earlier (previously projected to break even).

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