Thyssenkrupp, the German industrial conglomerate, has released its latest financial results, revealing a challenging second quarter. The company's order volume decreased by 6% compared to the same period last year, while sales fell by 5% year-over-year.
More notably, the adjusted earnings before interest and taxes (EBIT) plummeted by 90%, reaching just 19 million euros. This significant decline highlights the ongoing challenges faced by the company in maintaining profitability amid fluctuating market conditions.
