Thyssenkrupp Holds Guidance Despite Slump in Earnings, Cash
Thyssenkrupp AG reaffirmed its full-year guidance even as earnings slumped due to weak demand from automotive and industrial customers.
The German steel and engineering group said it expects an improved — if challenging — economic backdrop in the second half of its fiscal year ending Sept. 30. That outlook underpins its forecast for between zero and €300 million (about $335.3 million) in free cash flow before mergers and acquisitions.
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