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Thyssen Delivers 1Q of 'Light and Shadow': UBS -- Market Talk

14 Feb 2018 10:23 am

1020 GMT - Thyssenkrupp's first-quarter results are a mixture of "light and shadow," according to UBS analysts. While the German industrial group's EBIT and net profit both came in above expectations, UBS says the market won't be "overly enthusiastic" at the disappointing free cash flow result, which drove net debt up by 81%. The bank says it is reassured by Thyssen's reiterated guidance, but thinks its commitment to generating positive free cash flow for the fiscal year will be challenging, given its mounting debt. Thyssenkrupp trades 1.1% lower at EUR22.85. (nathan.allen@dowjones.com)
 

(END) Dow Jones Newswires

February 14, 2018 05:23 ET (10:23 GMT)

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