COMPANIES ThyssenKrupp aims to come back to its pre-crisis profitability within the next five years, its chief executive says, pledging that its “catastrophic” loss in the past financial year had been a singular event.
The German steel and industrial conglomerate posted a €2.4bn ($3.6bn) loss before tax in the financial year ending September. This compared with a €3.1bn profit the previous year and marked the first loss since the merger of Thyssen and Krupp 10 years ago.
