Weak Euro, Cost Cutting Turns Around ThyssenKrupp AG Profit, Nickel Rises on the LME

by on
stainless steel tanks

Steelmaker ThyssenKrupp AG profits were up in the first quarter of 2015, in the latest sign that the heavy restructuring undertaken by Chief Executive Heinrich Hiesinger is starting to pay off.

Free Download: Lock in International Stainless Deal Prices

The German industrial conglomerate said net profit for the period ended Dec. 31 was €50 million ($57.18 million), compared with a loss of €65 million a year earlier, boosted by a weaker euro.

 

{Comments Off on Weak Euro, Cost Cutting Turns Around ThyssenKrupp AG Profit, Nickel Rises on the LME Comments Off on Weak Euro, Cost Cutting Turns Around ThyssenKrupp AG Profit, Nickel Rises on the LME}