Thyssenkrupp AG is predicting a negative cash flow for the current fiscal year due to rising restructuring and investment costs in Germany"s industrial sector.
The company"s latest earnings statement outlines a projected free cash outflow of €200 million to €400 million ($212 million to $424 million) for the fiscal year ending next September.
Despite these financial challenges, Thyssenkrupp anticipates an increase in demand for its industrial products in the latter half of the upcoming year.
The ongoing transformation efforts of the company highlight the difficulties faced by traditional industrial firms in adapting to a changing economic landscape.