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ThyssenKrupp (TYEKF.PK) reports a 38.4% decline in its FQ1 net profit on a 7.9% drop in revenue,...

ThyssenKrupp (TYEKF.PK) reports a 38.4% decline in its FQ1 net profit on a 7.9% drop in revenue, as continuing weak steel demand in Europe and pressure on steel prices more than offset strength in its technologies units. Krupp says it hopes to achieve EBIT of ~€1B in FY 2013 vs. €1.3B in 2012, with revenue matching the prior-year's €40B.
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