- ThyssenKrupp (OTCPK:TYEKF, OTC:TYEKY) reports its first annual net profit in three years and says it has resumed its dividend payment.
- The German steelmaker reports FY 2014 net income of €195M (~$244M) vs. a €1.6B loss in the previous year; sales totaled €41.3B, up 7% Y/Y, while EBIT more than doubled to €1.3B.
- Q4 results include a €33M net loss vs. a €909M loss in the year-ago quarter, due to legal costs and restructuring in the elevator technology and material services businesses, while Q4 sales rose to €11.16B, up 10% Y/Y.
- Some analysts question whether the company is ready to resume dividend payments, as CEO Heinrich Hiesinger said "We still don't have a good balance sheet."