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Thyssenkrupp's first-quarter operating profit drops as macro woes increase

Reuters  |  FRANKFURT 

(Reuters) - on Tuesday posted a 26-percent decline in first-quarter operating profit, saying the global macroeconomic environment, a key of demand for its products, was darkening.

The group's adjusted earnings before interest and tax (EBIT) fell to 333 million euros ($375 million), hit by a 77-percent profit decline at its discontinued steel unit, which it is planning to merge with the European operations of

(Reporting by Christoph Steitz; Editing by Tassilo Hummel)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 11:55 IST