|Bid||8.22 x 142800|
|Ask||8.22 x 10700|
|Day's range||8.20 - 8.38|
|52-week range||6.67 - 11.35|
|Beta (5Y monthly)||2.13|
|PE ratio (TTM)||N/A|
|Earnings date||08 Feb 2022 - 14 Feb 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||04 Feb 2019|
|1y target est||12.64|
(Bloomberg) -- Thyssenkrupp AG raised its outlook for profits this year after posting better-than-expected earnings in the first three months of the year, marking a bright point in the steelmaker’s efforts to improve years of sluggish performance.Most Read from BloombergDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayTerraUSD Stablecoin Plunges as Crypto Market Awaits RescueChina Risks 1.6 Million Deaths in Virus ‘Tsunami’ If Covid Zero Is Abandoned: StudyBiden Team Sees China T
FRANKFURT (Reuters) -Shares in Thyssenkrupp gained the most in 18 months after the German car parts-to-submarines conglomerate raised its outlook for sales and operating profit in 2022, reflecting a strong recovery rise in selling prices of steel and materials. Adjusted earnings before interest and tax (EBIT) are now forecast to grow to at least 2 billion euros ($2.1 billion), the group said. It previously expected adjusted EBIT of 1.5 billion to 1.8 billion euros.
Thyssenkrupp is cutting working hours for 1,300 of its steel workers, the German conglomerate said on Thursday, responding to the impact of the war in Ukraine on the automotive sector and raw material prices. Last month, Thyssenkrupp suspended its cash flow outlook and said it would announce shortened working hours for steel workers in April due to the military conflict's impact on the economy, though it did not specify how many employees would be affected.