Elevator Technology continued to improve in the first 9 months despite the difficult market environment. Due solely to adverse currency effects and higher material costs, operating earnings in both Business Areas are temporarily slightly down compared to the prior year. At Industrial Solutions, however, adjusted EBIT declined in the first 9 months to € 224 million (prior year: €70 million) due to the additional project expenditures previously communicated.

"We see a mixed picture. The bottom line is, that we are not satisfied with the current results", said Guido Kerkhoff, Chairman of the Executive Board of thyssenkrupp AG. "There's no point in sugar-coating it. Notably the cash flow is unsatisfactory, and that is not a situation which can be sustained long term. We have to improve significantly across all our businesses. And that is what we are now working hard to deliver."

END