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Thyssenkrupp scraps 2019/2020 profit guidance, blames coronavirus

Published 23/03/2020, 17:26
Updated 23/03/2020, 17:30
© Reuters. FILE PHOTO: Thyssenkrupp's logo is seen outside elevator test tower in Rottweil

FRANKFURT (Reuters) - German conglomerate Thyssenkrupp (DE:TKAG) on Tuesday scrapped its 2019/2020 profit outlook, blaming the economic downturn triggered by the spread of the corona virus.

"Due to the global spread of the COVID-19 pandemic and the resulting impact on the economy, Thyssenkrupp AG currently is not able to provide a reliable assessment of the business development of the group for the 2019/2020 financial year," Thyssenkrupp said.

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