German industrial group Thyssenkrupp hailed a successful turnround as it almost broke even after years of boardroom turmoil and weakening profits.
The Essen-based group’s earnings beat market expectations in the 12 months to the end of September. In the prior, pandemic-hit year, it had fallen to a multibillion-euro loss, and pledged to “stop the bleeding”.
Shares rose 4 per cent to €10.60 in morning trade in Frankfurt.
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