Press Release. May 10, 2016 Page 1/6

Size: px

Start display at page:

Download "Press Release. May 10, 2016 Page 1/6"

Justina Perry
5 years ago
Views:

1 Press Relese My 10, Pge 1/6 Cpitl goods businesses on trck in / / Price flls for mterils shrper nd longer-lsting thn expected / Full-yer forecst therefore lowered Cpitl goods businesses: order intke, sles nd djusted EBIT up yer-on-yer Efficiency progrm impct hed of pln with 450 million svings Net loss in due to difficult mterils mrkets: 9 million New forecst: minimum 1.4 billion djusted EBIT The shrp downturn in the environment for the mterils businesses impcted the results of the industril nd technology group thyssenkrupp. The cpitl goods businesses continued to perform solidly nd recorded increses in order intke, sles nd ernings. But the overll performnce of the Group continues to be overshdowed by the extremely difficult conditions in the mterils mrkets. High import pressure nd customer cution re reflected in the shrp drop in mteril prices in the of the current fiscl yer in the order intke, sles nd bove ll ernings of the mterils businesses. Aginst this bckground thyssenkrupp is lowering its forecst for the full fiscl yer. Mteril prices remined under pressure well into the nd thus longer thn expected. The price flls were lso shrper thn nticipted. This resulted in substntil windfll losses in the s well. Our hlf-yer results still reflect the very wek sitution on the mterils mrkets. While we re now seeing recovery in mteril prices, it is coming lter thn we originlly expected nd from lower level nd will lso be reflected in our figures with time lg, sys thyssenkrupp CEO Dr. Heinrich Hiesinger. In view of this sitution, the Executive Bord now expects the Group to chieve fullyer djusted EBIT of t lest 1.4 billion. The efficiency progrm impct will contribute 850 million to this. The cpitl goods businesses will further improve their operting ernings versus the. Due to the price recovery nd costreduction mesures, the mterils businesses will chieve significnt improvements in the second hlf of the fiscl yer provided the Brzilin rel remins lrgely stble. Full-yer net income is expected to come in t the prior-yer

2 My 10, Pge 2/6 level. Depending on pyment timing on mjor orders free csh flow before M&A will lie between low 3-digit million euro negtive nd brekeven. The Group s order intke decresed in the by 8 percent to 18.8 billion nd in the by 13 percent to 9.0 billion (prior yer 20.5 billion nd 10.4 billion respectively). On bsis, i.e. excluding currency nd portfolio effects, order intke fell by 7 percent nd 10 percent respectively. Sles were down in the by 8 percent to 19.4 billion nd in the by 10 percent to 9.9 billion (prior yer 21.0 billion nd 11.0 billion respectively). On bsis sles declined by 7 percent nd 8 percent respectively. The decline in orders nd sles is due prtly to lower volumes but minly to the shrp price flls t the mterils businesses. In the cpitl goods businesses Components Technology profited mong other things from growth in cr components in Chin, Europe nd the USA. Elevtor Technologies reported strong demnd for new instlltions in the USA, Chin nd South Kore mong other countries. Industril Solutions profited from mjor order for cement plnt in Sudi Arbi. Adjusted EBIT ws down in the by 162 million t 560 million (prior yer 722 million) nd in the by 80 million t 326 million (prior yer 405 million). All cpitl goods businesses generted higher ernings both on cumultive bsis in the nd lso in the. However, this positive performnce ws not enough to fully offset the wekness of the mteril businesses in the reporting period. Overll the thyssenkrupp Group therefore mde smll net loss of 9 million in the (prior yer 88 million net income). After deduction of non-controlling interest, net income ws 37 million (prior yer 98 million net income). Ernings per shre cme to 0.07 (prior yer 0.17). In the the Group generted net income of 45 million, level with the prior-yer period. free csh flow before M&A t (1,212) million ws s expected down from the prior yer, minly due to temporry increse in net working cpitl. Here too, the ( (365) million) ws better thn the 1st ( (847) million). Accordingly net finncil debt incresed to 4.8 billion in the. Compred with September 30, totl equity ws down to 2.8 billion. This ws minly due to the revlution of pensions s result of lower interest rtes.

3 My 10, Pge 3/6 As consequence the Group s gering hs risen temporrily to round 175 percent. By the end of the fiscl yer thyssenkrupp expects significnt improvement in gering to below 150 percent. This temporry increse in the 1st hlf hs no impct on the finncing of the Group. Medi contcts thyssenkrupp AG Communictions Robin Zimmermnn Nicol Röttger Telephone: E-mil: press@thyssenkrupp.com Compny blog:

4 Overview of key performnce indictors My 10, Pge 4/6 Full Group Chnge Chnge Order intke million 20,500 18,837 (1,663) (8) 10,406 9,027 (1,379) (13) Net sles million 21,039 19,400 (1,639) (8) 10,995 9,852 (1,143) (10) EBITDA million 1,262 1,074 (188) (15) (90) (13) EBIT million (6) (1) EBIT mrg Adjusted EBIT million (162) (22) (80) (20) Adjusted EBIT mrg (0.5) (0.4) EBT million (24) (11) Net income/(loss) million 88 (9) (97) (1) ttributble to thyssenkrupp AG s shreholders million (60) (62) Bsic ernings per shre (0.10) (61) Operting csh flow million (174) (703) (529) (105) (318) -- Csh flow for investments million (532) (546) (14) (3) (267) (293) (26) (10) Csh flow from divestments million (103) (77) Free csh flow million (572) (1,218) (646) -- (31) (371) (340) -- Free csh flow before M&A million (643) (1,212) (569) (89) (30) (365) (335) -- Net finncil debt ( 31) million 4,633 4, ,633 4, Totl equity ( 31) million 2,863 2,753 (110) (4) 2,863 2,753 (110) (4) Gering ( 31) % Employees ( 31) 155, ,453 (244) 0 155, ,453 (244) 0

5 My 10, Pge 5/6 Continuing opertions Chnge Chnge Order intke million 20,500 18,837 (1,663) (8) 10,406 9,027 (1,379) (13) Net sles million 21,039 19,400 (1,639) (8) 10,995 9,852 (1,143) (10) EBITDA million 1,268 1,074 (194) (15) (93) (14) EBIT million (12) (2) EBIT mrg Adjusted EBIT million (162) (22) (80) (20) Adjusted EBIT mrg (0.5) (0.4) EBT million (31) (14) Income/(loss) (net of tx) million 94 (9) (103) (2) (5) ttributble to thyssenkrupp AG s shreholders million (67) (64) Bsic ernings per shre (0.11) (63) Operting csh flow million (168) (703) (535) (105) (319) -- Csh flow for investments million (532) (546) (14) (3) (267) (293) (26) (10) Csh flow from divestments million (103) (77) Free csh flow million (566) (1,218) (652) -- (29) (371) (342) -- Free csh flow before M&A million (637) (1,212) (575) (90) (29) (365) (336) -- Order intke by business re million Chnge Chnge on Chnge Chnge on Components Technology 3,384 3,318 (2) (4) 1,763 1,669 (5) (4) Elevtor Technology 3,758 3, ,890 1,832 (3) (1) Industril Solutions 1,817 2, (13) (12) Mterils Services 7,269 5,768 (21) (15) 3,723 2,922 (22) (16) Steel Europe 4,489 4,029 (10) (11) 2,394 2,183 (9) (9) Steel Americs (27) (31) (32) (26) Corporte (3) (3) (26) (25) Consolidtion (1,208) (1,025) (575) (544) Order intke of the continuing opertions / Group 20,500 18,837 (8) (7) 10,406 9,027 (13) (10) 1) Excluding currency nd portfolio effects

6 My 10, Pge 6/6 Net sles by business re million Chnge Chnge on Chnge Chnge on Components Technology 3,329 3,338 0 (1) 1,732 1,688 (3) (1) Elevtor Technology 3,373 3, ,661 1, Industril Solutions 3,010 3, ,633 1,609 (1) (1) Mterils Services 7,215 5,827 (19) (14) 3,794 3,005 (21) (15) Steel Europe 4,245 3,649 (14) (14) 2,260 1,925 (15) (15) Steel Americs (29) (34) (28) (25) Corporte Consolidtion (1,181) (939) (586) (506) Net sles of the continuing opertions / Group 21,039 19,400 (8) (7) 10,995 9,852 (10) (8) 1) Excluding currency nd portfolio effects Adjusted EBIT by business re million Chnge Chnge Components Technology Elevtor Technology Industril Solutions Mterils Services (37) (39) Steel Europe (76) (48) Steel Americs (20) (139) (119) (20) (65) (45) Corporte (201) (234) (33) (99) (117) (18) Consolidtion Adjusted EBIT of the continuing opertions / Group (162) (80)

News Release Half-year Results 20 February Review of results and operations. Excluding significant items a

News Release Half-year Results 20 February Review of results and operations. Excluding significant items a News Relese 2018 Hlf-yer Results 20 Februry 2018 Review of results nd opertions Hlf-yer ended 31 December 2017 Reported Excluding significnt items Vrince to pcp (exc. sig. items) Operting revenue $35.9b