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thyssenkrupp Q2 Earnings Call Highlights
Key takeaways
- Here are five stocks we like better.
- thyssenkrupp boosted second-quarter profitability despite softer sales, with adjusted EBIT rising to EUR 198 million even as quarterly sales fell 2% year over year to EUR 8.4 billion.
- The company reaffirmed full-year guidance for adjusted EBIT, free cash flow before M&A and net income, while cutting its sales outlook to -3% to 0%.
Here are five stocks we like better.
thyssenkrupp boosted second-quarter profitability despite softer sales, with adjusted EBIT rising to EUR 198 million even as quarterly sales fell 2% year over year to EUR 8.4 billion. Management said restructuring and cost controls were offsetting market headwinds.
The company reaffirmed full-year guidance for adjusted EBIT, free cash flow before M&A and net income, while cutting its sales outlook to -3% to 0%. It also said capital spending is likely to stay toward the lower end of the EUR 1.4 billion to EUR 1.6 billion range.
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