The group now has enough capital again to get rid of the remaining problems.
Dusseldorf Black numbers in the operating business, comfortable financial cushion – the signal to the shareholders before the virtual general meeting this Friday is clear: Thyssen-Krupp has stopped the decline. In 2021, the group created a financial basis with which it can remain sustainable, as the Handelsblatt analysis of the balance sheet shows.
The tough restructuring and focus that CEO Martina Merz has implemented over the past two years is paying off. Since the sale of the elevator division, Thyssen-Krupp has spent a high three-digit million amount on restructuring. Three billion euros flowed into the expansion of the business, a good six billion euros in the repayment of debt.
The group is now sitting on a net financial balance of 3.6 billion euros and free liquidity of around 10.5 billion euros. Enough capital, then, to get the remaining problems out of the way.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue