ThyssenKrupp raises full-year profit forecast

martes 12 de mayo de 2015 01:10 GYT
 

FRANKFURT May 12 (Reuters) - German industrial group ThyssenKrupp raised its full-year profit forecast thanks to better execution and stabilising economic conditions, it said on Tuesday.

The steel-to-elevators group said it now expected full year adjusted earnings before interest and tax (EBIT) of 1.6 billion to 1.7 billion euros ($1.8-1.9 billion), up from its previous forecast of at least 1.5 billion euros.

Adjusted EBIT in the quarter to end-March rose 32 percent to 405 million euros, beating the average estimate of 379 million euros in a Reuters poll.

($1 = 0.8953 euros) (Reporting by Georgina Prodhan; Editing by Maria Sheahan)