The division, the future of which has been discussed for a long time, dragged the industrial group into the red in the past quarter.
(Photo: dpa)
Dusseldorf, Berlin, Frankfurt A good two weeks ago, Thyssen-Krupp surprisingly announced the departure of CEO Martina Merz. Now it becomes clear how difficult it will be for her successor, Miguel Ángel López Borrego. Not only has the group slipped deep into the red, the search for a partner for the steel division is also faltering, according to information from the Handelsblatt from corporate and financial circles.
In the second quarter of the 2022/23 financial year (ended September 30), the group posted a loss of 223 million euros. And above all the steel division, the future of which has been discussed for a long time, has pulled the industrial group into the red. The company announced on Thursday that high energy prices and raw material costs, along with lower steel prices, had caused losses.
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