Germany: ThyssenKrupp has reported a first-half net loss before tax for the fiscal year 1 October 2019 – 30 September 2020 of Euro743m compared to a profit of Euro45.0m for the first half of the previous fiscal year. Net sales fell by 3.0% year-on-year to Euro19.8bn from Euro20.4bn. The period brought a medium-sized cement line order from the US and a low-CO2 calcined clays cement plant order from Cameroon. As a result of the coronavirus crisis, ThyssenKrupp has cut 3000 jobs on a short-to medium-term basis.
ThyssenKrupp chief financial officer (CFO) Klaus Keysburg said, “Irrespective of the current difficult environment, we are convinced that the Steel Strategy 2030 is the right response to the enormous challenges facing the steel sector.”
