Home Breaking Thyssenkrupp issues fourth profit warning

Thyssenkrupp issues fourth profit warning

by LLB Reporter
8th Aug 19 1:00 pm

The German steel giant Thyssenkrupp has announced their fourth profit warning on Thursday. The chief executive Guido Kerkhoff is under mounting pressure to turn the steel making giant around.

Thyssenkrupp forecast has been downgraded from around €1.1bn and €1.2bn to just €800m of profit for 2019.

However, Kerkhoff announced fresh restructuring plans, and share in the conglomerate were up by 3% this morning.

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