ThyssenKrupp 1Q Profit Rises 52% Beating Estimates

The transcript discusses Thyssenkrupp's 52% profit rise in the first quarter, attributed to strong operating performance and a corporate transformation program. Guido Kerkhoff, CFO, confirms the timeline for a joint venture with Tata, despite union negotiations. The strategy involves reducing business areas and addressing overcapacity. Concerns about tariffs and market competition are also addressed.

What was the percentage increase in Thyssenkrupp's profits in the first quarter?

• 48%

• 45%

• 60%

• 52%

What is the expected timeline for signing the joint venture with Tata Steel?

• Mid 2018

• End of 2018

• Early 2018

• Early 2019

What is the main reason for the opposition from labor movements regarding the joint venture?

• Management changes

• Profit sharing

• Job security

• Environmental concerns

How many business areas did Thyssenkrupp reduce to as part of its strategic changes?

• Six

• Four

• Three

• Five

What is Thyssenkrupp's stance on tariffs in the steel market?

• Indifferent to tariffs

• Opposes tariffs

• Neutral on tariffs

• Supports tariffs

What was a significant problem in the steel market in 2015?

• Decreased demand

• Increased domestic production

• Low import prices

• High import prices

What is Thyssenkrupp's main concern regarding the European steel market?

• Volume of imports

• Quality of imports

• Pricing levels

• Export restrictions