Thyssenkrupp Nucera's 2021/22 operating profit down by two thirds
25/11/2022 11:57
FRANKFURT, Nov 25 (Reuters) - Thyssenkrupp TKAG.DE
Nucera, the German group's hydrogen joint venture with Italy's
De Nora DNR.MI , saw its operating profit fall by two thirds,
citing costs related to preparations for a potential stock
market listing and growth investments.
Earnings before interest and tax for the business, which
Thyssenkrupp said might go public via an initial public offering
at some point, fell to 9 million euros ($9.4 million) in the
2021/22 fiscal year ending September, according to presentation
slides.
($1 = 0.9622 euros)
(Reporting by Christoph Steitz, editing by Rachel More)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))