6 days ago
- Business
- Wall Street Journal
Thyssenkrupp Cuts Outlook, Investment Plan on Tough Markets
Thyssenkrupp lowered its full-year sales guidance, turned more cautious on its earnings outlook and cut its investment plans, citing persistently tough market conditions that hurt both demand and prices.
The German industrial conglomerate is grappling with challenges ranging from increasing competition from lower-cost Chinese rivals to subdued demand even before President Trump's tariffs hit.
