|
Macro and sector environment
Recovery of global economy continues apace – but uncertainties
persist.
Compared with the start of the fiscal year, projected growth in
global economic output in 2021 again revised upward at 5.8%.
Industrialized countries: increase in economic output in 2021 will
be noticeably higher than previously expected at 5.2%.
Emerging economies: 6.2% GDP growth in 2021 somewhat higher than
forecast at the start of the fiscal year.
Risks and uncertainties: uncertainty over further progression of the
coronavirus pandemic in particular about the speed of vaccination
and because of new virus mutations and new lockdown measures;
uncertainty about the further course of trade conflicts and
geopolitical flashpoints; persistent supply bottlenecks for starting
products in manufacturing industry; recurring floods and other
natural disasters as a consequence of global warming; pronounced and
lasting slowdown of growth in China; indebtedness problems in
particular in some European countries, particularly as a result of
numerous state support measures to mitigate the impact of the
pandemic; significant rise in material and commodity costs and
associated worries about inflation
Steel
Global demand for finished steel on road to recovery, at projected
growth of approximately 6% in 2021; industrialized nations with 8%
growth following significant 13% slump in prior year; emerging and
developing economies to grow by 5%, China by 3%.
EU flat carbon steel market with significant 11% year-on-year growth
in January-April 2021; imports rising again since start of year to
current high of 2.3 million tons in April, further growth possible
after prolongation of EU steel safeguards.
Significant rise in global spot market prices in the year to date;
prices leveling off most recently, mainly in Asian markets.
Challenges also from volatile and sharply rising raw material
prices.
Thyssenkrupp in figures
|
|
Full group |
Group – continuing operations |
|
9 months ended June 30, 2020 |
9 months ended June 30, 2021 |
Change |
in % |
9 months ended June 30, 2020 |
9 months ended June 30, 2021 |
Change |
in % |
|
Order intake |
million € |
25,895 |
25,260 |
-635 |
-2 |
19,781 |
25,260 |
5,479 |
28 |
|
Net sales |
million € |
27,492 |
24,575 |
-2,917 |
-11 |
21,640 |
24,575 |
2,934 |
14 |
|
EBITDA |
million € |
55 |
1,006 |
951 |
++ |
-544 |
1,023 |
1,567 |
++ |
|
EBIT |
million € |
-1,066 |
284 |
1,349 |
++ |
-1,592 |
301 |
1,893 |
++ |
|
EBIT margin |
% |
-3.9 |
1.2 |
5 |
++ |
-7.4 |
1.2 |
8.6 |
++ |
|
Adjusted EBIT |
million € |
-509 |
564 |
1,073 |
++ |
-1,158 |
564 |
1,722 |
++ |
|
Adjusted EBIT margin |
% |
-1.9 |
2.3 |
4.1 |
++ |
-5.4 |
2.3 |
7.6 |
++ |
|
Income/(loss) before tax |
million € |
-1,317 |
5 |
1,322 |
++ |
-1,822 |
23 |
1,845 |
++ |
|
Net income/(loss) or earnings after tax |
million € |
-1,978 |
-168 |
1,810 |
92 |
-1,949 |
-151 |
1,798 |
92 |
|
Attributable to thyssenkrupp AG’s shareholders |
million € |
-1,998 |
-231 |
1,767 |
88 |
-1,968 |
-214 |
1,754 |
89 |
|
Earnings per share (EPS) |
€ |
-3.21 |
-0.37 |
2.84 |
88 |
-3.16 |
-0.34 |
2.82 |
89 |
|
Operating cash flows |
million € |
-2,464 |
-222 |
2,242 |
91 |
-3,171 |
-219 |
2,952 |
93 |
|
Cash flow for investments |
million € |
-978 |
-861 |
117 |
12 |
-854 |
-861 |
-7 |
-1 |
|
Cash flow from divestment |
million € |
13 |
973 |
960 |
++ |
8 |
973 |
965 |
++ |
|
Free cash flow |
million € |
-3,429 |
-110 |
3,319 |
97 |
-4,018 |
-107 |
3,910 |
97 |
|
Free cash flow before M & A |
million € |
-3,455 |
-953 |
2,503 |
72 |
-4,012 |
-953 |
3,059 |
76 |
|
Net financial debt (June 30) |
million € |
8,461 |
-3,986 |
-12,447 |
— |
|
|
|
|
|
Total equity (June 30) |
|
-9 |
10,756 |
10,765 |
++ |
|
|
|
|
|
Gearing (June 30) |
% |
—5) |
—6) |
— |
— |
|
|
|
|
|
Employees (June 30) |
|
155,446 |
101,592 |
-53,854 |
-35 |
|
|
|
|
Source from Thyssenkrupp |
|
