Thyssenkrupp Q4 and FY 2021/22

MX: Record earnings: sig. higher margins due
to higher prices despite lower volumes.

SE: Favorable price environment partly offset by
lower volumes (mainly auto), higher energy
and raw material costs.

Q4 mainly driven by price normalization, strong FCF bef. M&A on the back of planned NWC release.

Higher selling prices partly offset by increased energy and raw material costs.