Enthusiasts Thyssenkrupp benefits from steel prices

19:20  11 august  2022
19:20  11 august  2022 Source:   ksta.de

Ryanair is targeting after a good quarter of a long summer to

 Ryanair is targeting after a good quarter of a long summer to The recovery of ticket demand has surprisingly made Europe's largest low -cost airline Ryanair in the spring. CEO Michael O'Leary continues to expect a strong summer. Despite the bottlenecks and long snakes at many airports, he wants to offer significantly more flights than before Corona pandemic, as Ryanair announced in Dublin on Monday.

The steel and industrial group Thyssenkrupp continues to benefit from the increased steel prices despite the increased increased raw material and energy costs. In the third business quarter, sales and operational result increased significantly, as the company in Essen reported.

Das Stahlwerk von Thyssenkrupp in Duisburg, aufgenommen von der Halde Rheinpreußen. © Fabian Strauch/dpa The steel mill by Thyssenkrupp in Duisburg, recorded by the Halde Rheinpreußen.

, on the other hand, put a strain on the increased interest rates: Here Thyssenkrupp had to make millions of allegations, which pressed the net profit. The company therefore reduced the forecast for the annual surplus.

The future of the currently well -paid steel division is currently still open. Thyssenkrupp wants to split off the business, but the implementation is currently uncertain due to the unstable environment. CFO Klaus Keysberg continues to keep the steel independent to be the best option. "We continue to work," he said in a conference call on Thursday. However, the exact shape is not clear. No concrete statements can currently be made for this.

German economy stagnates in the second quarter

 German economy stagnates in the second quarter delivery bottlenecks and the consequences of the Ukraine war braked the German economy in the spring. The gross domestic product (GDP) stagnated in the second quarter compared to the first quarter of 2022, as the Federal Statistical Office announced in an initial estimate. At the beginning of the year, Europe's largest economy had grown by 0.8 percent according to the latest data. © Christian Charisius/dpa container ships are located at the Burchardkai container terminal in Hamburg.

is Land NRW in steel division?

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The boss of the major shareholder Krupp Foundation, Ursula Gather, would welcome an entry of the state of North Rhine-Westphalia at the steel division. In an interview, she described such a step as a “conceivable option” and also justified this by the fact that business needs capital to be able to invest the investments in green steel. There is currently no discussions about an introduction with the state government, said Keysberg.

In the first nine months of the 2021/22 financial year (September 30), sales climbed by 24 percent to 30.6 billion euros compared to the same period last year. After three quarters to 1.9 billion euros, Thyssenkrupp was more than tripling the adjusted profit before interest and taxes (EBIT).

The company confirmed its sales and EBIT forecast. According to this, sales should continue to grow in the low double -digit percentage range. Last year he was 34 billion euros. The adjusted EBIT is expected to reach at least two billion euros (previous year: 796 million euros). At the end of June, the group employed a good 97,000 people, more than 4400 fewer than a year earlier.

higher fuel costs: Cheap airline Ryanair wants to raise flight prices .
The low-cost airline Ryanair wants to raise prices in view of the expensive fuel. "The average price for a Ryanair ticket should increase from 40 to 50 euros in five years," said Germany boss Andreas Gruber of the German press agency. © dpa A passenger machine from the Ryanair airline starts at Cologne/Bonn Airport. The low -cost airline Ryanair wants to raise prices in the face of expensive fuel.

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