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ThyssenKrupp adjusted EBIT climbed by 26 percent

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Staff writer |
ThyssenKrupp   The original target was significantly exceeded

ThyssenKrupp further enhanced its performance in the 2014/2015 fiscal year and again achieved significant improvements in its main financial indicators.

Adjusted EBIT from continuing operations climbed by 26 percent to around €1.7 billion and was thus at the top end of the company’s previously raised guidance. This clear earnings improvement was primarily due to extensive efficiency measures.

The original target of €850 million for effects from these measures was significantly exceeded at €1.1 billion.

Net income improved by 37 percent to €268 million (prior year €195 million); the amount attributable to the shareholders of thyssenkrupp AG came to €309 million (prior year €212 million).

The most important target for the past fiscal year was to achieve positive free cash flow (FCF) before divestments. For the first time since fiscal 2005/2006 thyssenkrupp achieved positive FCF before divestments of €65 million (prior year €(357) million).

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