Germany-based steelmaker ThyssenKrupp has announced its financial results for the fiscal year 2014-15 ended September 30, stating that free cash flow before divestments was positive again for first time since 2005-06, and the company further enhanced its performance in the fiscal year in question.
In the given year, ThyssenKrupp registered a net profit of €268 million, increasing by 37 percent year on year. Meanwhile, ThyysenKrupp's adjusted EBIT from continuing operations increased by 26 percent year on year to €1.7 billion.
During the given period, ThyssenKrupp's order intake amounted to €41.3 billion, remaining stable, while the company's sales revenue increased by 3.8 percent to €42.8 billion, both year on year.
In the fiscal year 2014-15, the company's Steel Europe division reported a drop in business in the first nine months, mainly due to lower raw material prices. Steel Europe's order intake in the given year decreased by six percent to €8.4 billion, with sales revenues declining by one percent to €8.7 billion, both compared to the previous financial year.
The order intake of the company's Steel Americas division in the given year decreased 22 percent to €1.7 billion, while its sales revenues declined by 14 percent to €1.8 billion, both year on year.