Thyssenkrupp scraps profit outlook due to coronavirus

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 2019/20 fiscal year, while its net loss and negative cash flow before M&A was expected to widen.The..