For the first time in three years, the Essen-based industrial and technology group ThyssenKrupp has generated a net profit. In the 2013/2014 fiscal year, ThyssenKrupp achieved net earnings of EUR 195M; net income attributable to the shareholders of ThyssenKrupp AG came to EUR 210M. The year before a loss of around EUR 1.6B was reported, of which EUR 1.4B attributable to shareholders of ThyssenKrupp AG.
“The 2013/2014 fiscal year represents a milestone in our earnings situation. We have demonstrated that we are making progress with our transformation into an efficient and profitable diversified industrial group on our Strategic Way Forward”, said CEO Dr Heinrich Hiesinger. Hiesinger emphasised that the turnaround is not yet complete though. For this, the Group needs to generate not only a net profit for the year but also stable free cash flow before divestments.
Against the background of the net income and expectations of further improvements, the Executive Board and Supervisory Board are proposing to the Annual General Meeting the payment of a dividend of EUR 0.11 per share. “We are aware that this proposal is no more than a signal to our shareholders”, said Hiesinger: “We link the positioning of ThyssenKrupp as a diversified industrial group with the aim of generating much stronger and more stable earnings, cash and value.”
