German steelmaker ThyssenKrupp announced its financial results for the fiscal year 2017-18 ended September 30.
The Group posted a net profit of €60 million in the given period, compared to a net loss of €591 million in the year before, while the sales revenue decreased by one percent to €42.7 billion compared to €42.9 billion last year.
Optimistically, the company expects over €1 million adjusted EBIT for 2018-2019 fiscal year. The full Group’s net income is forecast to increase significantly year-on-year. It is expected that the expenses from preparations to separate the Group will be clearly outweighed by earnings improvements at the continuing operations.