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Thyssenkrupp posts strong third quarter, cuts free cash flow outlook

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Thyssenkrupp on Thursday posted better-than-expected third quarter orders and profits but toned down its outlook for free cash flow before M&A, citing the sale of its Brazilian steel mill CSA, which closes earlier than expected.Thyssenkrupp, which earlier this year struck a deal to sell CSA Cia Siderúrgica do Atlántico SA to Ternium SA, posted a 14 percent rise in third-quarter order intake to 10.7 billion euros ($12.6 billion) and ajusted EBIT of 620 million.It said the transaction's earlier-than-expected close meant that CSA would not provide cash inflow at the end of ...

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First Published: Thu, August 10 2017. 10:47 IST