ThyssenKrupp predicts higher profits in 2011

first_img whatsapp ThyssenKrupp predicts higher profits in 2011 STEELMAKER ThyssenKrupp said it sees profit rising next year, driven by economic growth in Germany and emerging markets, but analysts said its outlook sounded conservative.ThyssenKrupp has benefited from a strong rebound in Germany’s export-driven economy, whose automotive and engineering sectors posted robust profit margins while construction remained weak.The Eurozone’s biggest economy is powering ahead of other states, with exporters’ strength in emerging markets helping Germany grow while domestic demand is steadily taking hold.“Thyssen is exposed to booming German markets as well as the relatively favourable environment in Austria, the Netherlands and Scandinavia,” said Herman Reith, an analyst at BHF Bank.“There is also the euro-dollar rate, which makes exports from these countries competitive.”ThyssenKrupp chief executive Ekkehard Schulz said that emerging markets such as India, China and Brazil are growth drivers, along with central and eastern Europe.ThyssenKrupp said adjusted earnings before interest and taxes would be around €2bn (£1.68bn) compared with €1.2bn in fiscal 2010. Show Comments ▼ whatsapp Sharecenter_img Tags: NULL KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousa Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tuesday 30 November 2010 7:33 pmlast_img

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