ThyssenKrupp raises full-year profit forecast
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)
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