Friday, September 2, 2011

ThyssenKrupp stock: growth through conversion

ThyssenKrupp stock

The current renovations involve long-term potential for the ThyssenKrupp stock

The American steel sector, except it runs well. ThyssenKrupp writes after the economic crisis in all sectors in the black.

The orders were up over the first nine months of last year by 25 percent to 38.2 billion euros.

Revenues grew to 36.5 billion euros (17 percent more than last year), the interest and taxes to adjusted net income of 1.1 billion to 1.3 billion euros.

In principle, solid numbers, but generally below the expectations of analysts.

The reasons for this disenchantment are to be located overseas. The start-up losses for new steel plants in the U.S. and Brazil slow ThyssenKrupp's economic situation. It would be also for air conditioning suppliers in the industry