FRANKFURT, May 11 (Reuters) - Thyssenkrupp on
Thursday raised the outlook for its closely-watched free cash
flow before mergers and acquisitions, expecting it to turn
positive for the first time in seven years.
The German conglomerate still posted a second-quarter net
loss of 223 million euros ($245 million), after a rise in
interest rates and cost of capital led to impairment losses at
its Steel Europe division, which is up for sale.
($1 = 0.9084 euros)
(Reporting by Christoph Steitz; Editing by Alexander Smith)
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