Thyssenkrupp expects growth in order intake and sales

For the first quarter of the 2010/2011 fiscal year, the Thyssenkrupp Group expects year-on-year growth in order intake and sales, with provisional figures indicating that each will exceed €11bn (£9.3bn).

Despite higher startup losses for steel plants in the US and Brazil, adjusted earnings before interest and taxes (adjusted EBIT) are expected to come in level with those for the first quarter of 2009/2010, in which they were €277m.

With the exception of Steel Americas, all business areas made a positive contribution to this performance.

The negative earnings contribution of the Steel Americas business area in the first quarter of the current fiscal year will be roughly €300m higher than in the comparative prior-year quarter, in which it was €71m, due to startup costs and depreciation.