ThyssenKrupp (Düsseldorf, Germany), which includes access equipment among its many products, announced that the majority of its businesses saw significant declines in sales and earnings due to the overall economic environment. In all, the Group’s sales fell by 23% to €30.7 billion in the first 9 months of 2008/2009, which ended June 30, 2009. Earnings before taxes declined from €2.297 billion to €(987) million.
The company saw its net financial debt increase by €1.584 billion to €3.122 billion compared with September 30, 2008.
According to the company, the expected loss at the end of the financial year, before taxes and major nonrecurring items, will be in the upper three-digit million euro range.