• Solid growth in order intake and sales in 2017/2018 fiscal year
• At €1.6 billion adjusted EBIT down from prior year (€1.7 billion)
• Savings significantly higher than planned at almost €890 million: Corporate costs reduced by almost 30 percent
• Roadmap presented for separation
• Preparations for steel joint venture on schedule
• Forecast for 2018/2019: Increase in adjusted EBIT of continuing operations

The industrial and technology group thyssenkrupp registered solid growth in order intake and sales despite negative currency effects in fiscal 2017/2018: At €42.8 billion order intake matched the high prior-year level, while sales increased slightly. Adjusted EBIT came to €1.6 billion (prior year: €1.7 billion) and was therefore below the revised forecast made at the end of July. Net income at €60 million was also down from the year before (€271 million). Free cash flow (FCF) before M&A showed a clear year-on-year improvement but as expected the full-year figure remained negative (€(134) million).

Guido Kerkhoff, CEO of thyssenkrupp AG: “The past fiscal year was a turbulent and challenging one for thyssenkrupp. We initiated one of the biggest realignments in the history of the company. At the same time we identified potential for further improvements in all businesses which we are now systematically addressing. We are fully committed to our performance targets. Measures to achieve them have been agreed with the business areas. This will raise the performance of thyssenkrupp as a whole.”

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