UPDATE 1-ThyssenKrupp sees stronger profits this year

Newswire

(Adds background, details, share price, previous FRANKFURT) By Matthias Inverardi ESSEN, Germany, Dec 20 (Reuters) - German steel and engineering group ThyssenKrupp said on Friday it expected earnings to improve significantly in the current business year on the back of higher global demand for steel. The company gave no specific forecasts for the year ending September 2003, but Chief Executive Ekkehard Schulz said in a speech that Thyssen aimed for a pre-tax profit of 1.5 billion euros ...

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