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Thyssenkrupp scraps profit outlook due to coronavirus

FILE PHOTO: Thyssenkrupp's logo is seen outside elevator test tower in Rottweil
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FRANKFURT (Reuters) - German elevator-to-car parts conglomerate Thyssenkrupp , on Monday scrapped its 2019/2020 profit outlook, blaming the economic downturn triggered by the spread of the coronavirus.In a statement, it said it was reacting quickly to the crisis and working to limit the business impact.Thyssenkrupp in November said it expected its adjusted operating profit to be stable in the..
Date Published: Mar 23, 2020
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