Germany-based steelmaker ThyssenKrupp has announced its financial results for the fiscal year 2015-16 ended September 30, stating that, despite difficult market conditions, it achieved and in some cases exceeded its revised targets for the fiscal year in question.
In the given year, ThyssenKrupp registered a net profit of €261 million, remaining almost stable year on year. Meanwhile, ThyysenKrupp's adjusted EBIT from continuing operations decreased by 12 percent year on year to €1.47 billion.
During the given period, ThyssenKrupp's order intake amounted to €37.4 billion, down nine percent, while the company's sales revenue decreased by eight percent to €37.42 billion, both year on year.
In the fiscal year 2015-16, the order intake of the company's Steel Europe division in the given year decreased by three percent to €8.14 billion, with sales revenues declining by 12 percent to €7.63 billion, mainly due to negative price effects, both compared to the previous financial year.
The order intake of the company's Steel Americas division in the given year decreased 11 percent year on year to €1.52 billion, while its sales revenues declined by 16 percent year on year to €1.48 billion, particularly due to dramatic price falls in the first half of the given fiscal year.