Thyssenkrupp 2023 sales to fall by less than 10%


© Reuters. CFO of German industrial and technology business group ThyssenKrupp Dr Klaus Keysberg attends the annual results news conference in Essen, Germany, November 17, 2022. REUTERS/Thilo Schmuelgen

FRANKFURT (Reuters) – Thyssenkrupp (ETR:) expects sales to fall by less than 10% in 2023, its chief financial officer told analysts on Thursday after presenting full-year results.

“It won’t be a two-digit number,” Klaus Keysberg said when asked to quantify the decline. He had earlier said revenues were expected to “nosedive”, not elaborating further.

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