ThyssenKrupp posts record earning in FY2004/2005

ThyssenKrupp posts record earning in FY2004/2005

German ThyssenKrupp announced record earning before interest and tax (EBIT) for its fiscal year 2004/2005. The group's EBIT increased 24 percent year on year to €1.836 million which is the record level in its history. ThyssenKrupp also paid its entire financial debts of €2.8 billion and now has the opportunity to expand its core businesses with major acquisitions and to achieve its medium-term sales target of €50 billion. In line with this objective, the group is aiming to takeover Dofasco in the US. In 2004/2005, the order intake of the group from continuing operations increased 9 percent year on year to €42.5 billion, while sales increased 13 percent year on year to €42.1 billion. All segments of the group contributed to the growth in sales. ThyssenKrupp hopes to perform €43 billion sales and pre-tax earnings around €1.5 billion in fiscal year 2005/2006.