ThyssenKrupp end losing streak for now

FRANKFURT (dpa-AFX Broker) - After a dry spell that began in mid-July, thyssenkrupp shares moved back into forward gear on Thursday. They rose by 3.7 percent to 6.90 euros after the figures for the second quarter. Before that, they had lost more than eleven percent from their recent high four weeks ago. The 200-day line currently at 6.60 euros had held as support on Tuesday.

Investors were therefore cautious in the quarterly report of the industrial group. This was well received by Moses Ola from JPMorgan. Both from the perspective of the individual divisions and in terms of cash flow, the figures were strong. The operating profit of the steel business in Europe exceeded market expectations by almost a fifth.

Free cash flow, meanwhile, was more than twice as high as expected. It had benefited from a working capital release of almost 300 million euros, the expert said./bek/zb

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