Thyssenkrupp steel profit fell almost eighty percent


A year was particularly difficult, said a & # 39; company.

November 21, 2018 or 10:11 PM

CHRIOSDUIDH NAD MOHANOM. The German business industry, Thyssenkrupp, declined sharply in profit for the 2017/2018 business year, which was largely due to the cost of its expense. card price charter study.

However, the higher freight costs gave a direct impact on the results.

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Name its company, for its & # 39; 2017/2018 business year, which ended in September, achieved a total profit of EUR 60 million. Compared to the business of 2016/2017, this represents a 78% reduction.

Thirty percent income has risen to € 42.7 billion.

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"The end of the trade year was particularly crucial," said Guido Kerkhoff, executive director.

At the same time, the company said that Thyssenkrupp had set aside a backup to examine the price agreements stated between the steel companies in the # 39; Germany. The company did not publish its height.

In addition to these issues, Thyssenkrupp also has higher costs than expected for some contracts and higher costs of material.

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