Thyssenkrupp returns to profit after 3 years. But the recovery is already priced in says Reuters Breakingviews.
Just think crips recovery is credible look priced in says that all of solve it from breaking news joins in the studio now I'm. Clearly the company has confidence in its territory to the market house I ambled seemingly has confidence in its turnaround. Obviously is a Protestant. You work at least most over its full full full on you know I think that clearly two ways of looking at to some crow from a perished ambitious. That they are really recovering and then and then. Getting rid of the if costs problems. But sheriff already trading benefits and premiums to purists. So I'm dangerous imply it's a good trip being. It's for sure next year so drifted from the word. I am what this this. Activist investor Syria has a few years again. It it seems now at least I'm looking at the Royce is peace there and it seems that some. This activist investors providing. Much needed support now. For the chief executive who's got a contract extension. And if well I think they abdicating his. Has turner own plan. And and and and supporting him but. Extra thing they did that on many ups occur and there isn't many much resistance within the company and with and that the ownership structure anymore. To date they should have these big foundation which which controlled substances and products from 5% level the state. And this foundation. Issues cultural kind of behind he's enough. Of course we were you surprised by the numbers in the well it's a bit surprised by the dividend decision because I mean if on the face of it it looks a bit premature because there still a not stick to free positive free cash flow and in the lost in and then in in the law students here. So and and most of the B arming for if and driven by a part park your first term there's a moment. But it clearly shows from Charles. Reborn have confidence that it trustees and he singer is the man for the job. Yes blocking their way heat from you haven't Siemens influencing. And that he probably had been a group Siemens CEO Ursula. And I mean here is has done there really are very structured turnaround for us over here. They're revamping their the government structure which was a complete math met to listen and then from from the old days. He he you streamlined. The board to Procter and awful awful wolf people who who will responsible for poems and then. Systematically worked through it. Issues yeah. Just to Michelle and I mean these these two as soon as. Is it not a good example of a big German manufacturing company that is benefiting from a weak Euro right now. I think I was very very very very currency. Issues are really kind of from militant that. At the heart of the problems they pay gas suffering from form of it was suffering from big scare them better investment decision then president. And then it's this really structural problems on. It could be truth supported by the by the week here with the bureau of paper that country can change no. It left many thanks my you can find analysts peace collapsed peace now on the breaking news website of course. For more generous heading inside the US shows atrocities and 1730 GMT on axles of resources.