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ThyssenKrupp AG (THK)


Wednesday 13 February, 2008

ThyssenKrupp AG

1st Quarter Results

ThyssenKrupp AG

ThyssenKrupp - expectations for fiscal 2007/2008 confirmed

Group's first-quarter earnings before major nonrecurring items EUR 715 million

Order intake and sales level with prior-year quarter

ThyssenKrupp performed in line with expectations in the 1st quarter 2007/2008.
Order intake and sales reached the high levels of the prior-year quarter. The
Group's earnings before taxes amounted to EUR 646 million. Before major
nonrecurring items EBT was EUR 715 million. Profits were therefore higher than
planned but, as expected, lower than a year earlier. The prior-year quarter was
boosted by exceptionally strong demand and very high base prices for stainless
steel, which were both absent in the reporting quarter in the Stainless and
Services segments.

Executive Board Chairman Dr. Ekkehard Schulz: 'For 2007/2008 we forecast
earnings before taxes and major nonrecurring items, including project costs for
the steel mills in Brazil and the USA, of over EUR 3 billion. For our Steel
segment we expect 2008 to be another good steel year. The signs for this on the
market have been increasing recently. We also expect continued lively demand and
a significant improvement in prices in the Stainless segment. Our Technologies
segment has orders in hand of around EUR 16 billion which will provide high
earnings quality for some years to come. At Elevator we expect earnings to
remain solid among other things on account of the business's high share of
services. And in the Services segment we are profiting from good demand and
increasing prices for materials and services in particular as a result of
infrastructure building in the growth regions of the world. As things stand at
present, we expect sales of EUR 53 billion in the current fiscal year.'

The mid-term sales target for ThyssenKrupp is EUR 60 billion, while the mid-term
goal for sustainable earnings before taxes and major nonrecurring items is EUR 4
billion. In the longer term, especially after the startup of the steel mills of
Steel and Stainless in North America and the investments of the other segments
in other regions, ThyssenKrupp aims to achieve sales of around EUR 65 billion
and earnings before taxes and major nonrecurring items of EUR 4.5 to 5.0

The highlights for the 1st quarter 2007/2008 were as follows:

    --  Order intake, as in the prior-year quarter, was EUR 13.3 billion.

    --  Sales were EUR 12.3 billion, again as in the prior-year quarter.

    --  EBITDA was EUR 1,083 million, compared with EUR 1,507 million in the
        prior year.

    --  Earnings before taxes reached EUR 646 million, compared with EUR 1,062
        million in the prior-year quarter.

    --  Earnings per share came to EUR 0.85, compared with EUR 1.31 in the
        prior-year quarter.

    --  Net financial liabilities at December 31, 2007 were EUR 859 million - an
        increase of EUR 1,082 million compared with September 30, 2007, when net
        financial receivables of EUR 223 million were reported. The increase in
        the 1st quarter is thus roughly the same as the change in the prior-year
        quarter, when there was an increase of EUR 1,138 million.

German and English versions of the full interim report are available for
downloading and as an online version at

A copy of the interim report has been submitted to the UK Listing Authority, and
will shortly be available for inspection at the UK Listing Authority┬┤s Document
Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf


Tel. No. (0)20 7676 1000

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