FRANKFURT, Feb 14 (Reuters) - German warship-to-car
parts conglomerate Thyssenkrupp on Tuesday said its
operating profit fell by 33% in the first quarter, blaming lower
prices for materials, including steel, in the wake of a
weakening global economy.
Adjusted earnings before interest and tax (EBIT) came in at
254 million euros ($272 million) in the October-December period,
while sales remained stable at 9.02 billion euros.
($1 = 0.9328 euros)
(Reporting by Christoph Steitz;
Editing by Sandra Maler)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.