Frankfurt, Nov. 17, (dpa/GNA) - German industrial giant Thyssenkrupp’s net income for the fiscal year soared to €1.1 billion, compared to a loss of €115 million last year.
The company reported profit per share on Thursday of €1.82, compared to a loss of €0.18 in the year prior.
Adjusted earnings before interest and tax (EBIT) almost tripled to €2.1 billion, the Essen-based company reported.
Fiscal year sales improved by 21% to €41.1 billion.
On the back of the results, the board will propose a dividend of €0.15 per share for the past financial year, which would be the first payout in four years.
Total order intake was €44.3 billion, 12% more than in the previous year.
For fiscal 2022/2023, Thyssenkrupp expects adjusted EBIT to drop back to a figure in the mid to high three-digit million euro range.
Thyssenkrupp expects net income to at least break even.
The company anticipates a significant reduction in sales in the present fiscal year.
GNA