Thyssenkrupp raises outlook again as global recovery takes hold

[FRANKFURT] German conglomerate Thyssenkrupp on Tuesday raised its full-year outlook for the second time in three months, boosted by a global economic recovery that drove demand for steel, car parts and materials.

The group now expects adjusted earnings before interest and tax to reach a mid triple-digit million euro amount in the year to September, having previously forecast to almost break even.

REUTERS