DUISBURG (dpa-AFX) - ThyssenKrupp AG (TYEKF.PK), a German industrial
engineering and steel company, on Wednesday reported a narrower net loss for the
second quarter, but with a decline in sales as well as order intake.

The Group's net loss, after deducting non-controlling interest, totaled 78
million euros, narrower than last year's 223 million euros. Loss per share came
at 0.13 euros, compared to last year's loss of 0.36 euros.

Adjusted EBIT for the quarter was 184 million euros, lower than 205 million
euros last year, due to positive one-time effects in the prior year.

For the second quarter, the Group's sales slid to 9.1 billion euros from 10.1
billion euros last year, while order intake declined to 8.6 billion euros from
10.2 billion euros. The sales results were mainly attributed to price- and
demand-induced declines at Materials Services and Steel Europe.

Looking ahead, due to volume reductions and lower prices at Steel Europe and
Materials Services, Thyssenkrupp said it now expects sales for the 2023/2024
fiscal year to be below the prior-year level.

The Group also continues to anticipate that adjusted EBIT will rise to the high
three-digit million euro range versus prior year's 703 million euros.

(Amendment: Corrects and replaces Q1 with Q2)



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