The ThyssenKrupp evolution

10.12.2013, 18:21 -

ThyssenKrupp has – pardon the pun – been through the mill. Two years after new chief executive Heinrich Hiesinger came into the job aiming to cut debt, increase margins and reduce the company’s dependence on the weakening steel industry, it has just posted its third successive annual loss and still has €5 billion (US$6.9 billion) of net debt.

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