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Read More »Thyssenkrupp lowers profit outlook
Bloomberg Thyssenkrupp AG lowered its full-year profit forecast after rising interest rates triggered a writedown at the German company’s steel division. The engineering giant said it now sees net income in the high triple-digit million-euro range for 2022, below its previous projection of at least 1 billion euros ($1.03 billion). Thyssenkrupp made some progress improving operating profitability. Adjusted earnings …
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