A wide presumption of the gross of the Thyssenkrupp concern country successful Duisburg, Germany, connected August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images).
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Germany's Thyssenkrupp connected Tuesday reported a 1-billion-euro ($1.06 billion) impairment connected its struggling alloy part arsenic the concern powerhouse flagged "gloomy volume" expectations and structural challenges successful the sector.
The steadfast said its nett nonaccomplishment of 1.5 cardinal euros successful the fiscal twelvemonth ending Sept. 30 — aft deducting number involvement — was chiefly owed to plus impairments totaling astir 1.2 cardinal euros, of which 1 cardinal euros were undertaken by its Steel Europe division.
"In respect of our main strategical issues, the existent fiscal twelvemonth volition beryllium a twelvemonth of decisions – particularly for Steel Europe and Marine Systems," CEO Miguel Lopez said successful the firm's Tuesday statement.
"In parallel, we are seeking to further amended the show of each our businesses and amended leverage the opportunities presented by the greenish transformation."
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