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In Wake of Successful 2008 Fiscal Year, ThyssenKrupp Braces for a Slower 2009
SUGAR LAND--December 4, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--International steel and industrial services company ThyssenKrupp AG (FRA:TKA) (Dusseldorf, Germany) recently released its earnings report for both the final quarter and fiscal year of 2008. In the wake of this successful fiscal year, the company is bracing for a slower immediate future. "In the uncertain environment of the financial crisis we have reviewed our plans and targets for the current fiscal year 08-09," said Ekkehard D. Schulz, Chief of the Executive Board, at the company's recent Analysts' and Investors' Conference. "The downturn in the auto, machinery and construction industries will leave its marks on ThyssenKrupp."
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Industry Segment: Metals & Minerals
Word Count: 658 Words
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