By Cecilia Butini
German industrial conglomerate Thyssenkrupp AG said Tuesday that its second-quarter net loss narrowed from the previous year despite sales and order intake remaining lower, and raised its outlook for the full year.
The company reported a net loss of 211 million euros ($255.9 million) for the quarter compared with a net loss of EUR948 million for the same period a year prior, on sales that fell to EUR8.58 billion from EUR10.11 billion the previous year.
Adjusted earnings before interest and taxes came in at EUR220 million, from a loss before interest and taxes of EUR95 million the previous year.
The company raised its view for fiscal 2021, and expects sales growth in the low two-digit percentage range, while adjusted earnings before interest and taxes are expected to be in the mid three-digit million euro range.
It had previously said it expected sales to grow in the high single-digit percentage range but to remain well below the level prior to the pandemic.
Write to Cecilia Butini at cecilia.butini@wsj.com
