thyssenkrupp AG — Earnings Release 2001

Nov 9, 2001

News Details

Ad-hoc | 9 November 2001 13:37

ThyssenKrupp AG english

THYSSENKRUPP GROUP IN FISCAL YEAR 2000/2001: KEY FINANCIALS Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– THYSSENKRUPP GROUP IN FISCAL YEAR 2000/2001: KEY FINANCIALS In its meeting today, the Supervisory Board discussed the key financials for 2000/2001: – Before non-recurring items, 4th quarter pre-tax earnings were higher than the 3rd quarter level (44 million euros); even after non-recurring items, in particular a deconsolidation loss of around 60 million euros on the disposal of the ocean shipping activities, 4th quarter earnings were still positive. Consolidated earnings before taxes for the full year 2000/2001 are thus around 850 million euros (previous year: just under 1.1 billion euros). Before non-recurring items, the figure is around 500 million euros. – Net financial debt was reduced by 1.2 billion euros from 7.7 billion euros on September 30, 2000 to 6.5 billion euros on September 30, 2001. – In view of the drop in earnings, to improve the Group’s financial strength the Executive Board will propose to the Supervisory Board the payment of a correspondingly adjusted dividend of 0.60 euros per share (previous year: 0.75 euros). OUTLOOK Against the current economic backdrop it is unlikely that consolidated pre-tax earnings in 2001/2002 will reach the 2000/2001 figure of around 500 million euros (excluding non-recurring items). A 1st quarter loss for the Group cannot be ruled out. Performance in the subsequent quarters will depend on the scale and the course of the expected economic recovery in the USA and Europe. FOR FURTHER INFORMATION, PLEASE CONTACT DR. JÜRGEN CLAASSEN (COMMUNICATION, TEL. +49 211 824-36001) AND DR. MARTIN GRIMM (INVESTOR RELATIONS, TEL. +49 211 824-36464). end of ad-hoc-announcement (c)DGAP 09.11.2001 ——————————————————————————– WKN: 750000; Index: DAX Listed: Amtlicher Handel in Frankfurt, Düsseldorf; Freiverkehr in Berlin, Bremen, Hamburg, Hannover, München, Stuttgart; London, Schweizer Börse 091337 Nov 01