ThyssenKrupp eyes first net profit in three years

jueves 14 de agosto de 2014 01:15 GYT
 

FRANKFURT Aug 14 (Reuters) - Germany's ThyssenKrupp said it may return to a net profit this year, raising its outlook for a second time as restructuring at its steel mill in Brazil paid off and demand for elevators and chemicals plants bolstered earnings.

"For the first time in three years ThyssenKrupp expects to achieve break-even to slightly positive net income," the company said in a statement on Thursday.

It had previously forecast a significant improvement of earnings toward break-even in its financial year through the end of September, from a 2013 net loss of 1.5 billion euros, though analysts have on average forecast that ThyssenKrupp will post a 2013/14 profit of 390 million euros. (Reporting by Maria Sheahan; Editing by Kirsti Knolle)