Thyssenkrupp continued its robust business performance in the 2nd quarter

In a challenging environment with persistently high energy prices and high inflation, the ThyssenKrupp group of companies continued its robust business performance in the 2nd quarter of the 2022/2023 fiscal year. While sales declined only slightly overall compared with the prior-year quarter to €10.1 billion (prior year: €10.6 billion). This was principally attributable to normalization of prices at Materials Services and transaction-related declines in the Multi Tracks segment. Moreover, Marine Systems had acquired a major order in the prior-year quarter. As expected, the adjusted EBIT of €205 million was below the prior-year level of €802 million.

Significantly higher starting material and energy costs and lower prices in the wind energy sector in China resulted in a decline in earnings.

Strict cost control, the negotiation of new price conditions and efficiency measures compensated for the increase in costs such as procurement costs.