 ThyssenKrupp is highly exposed to the German economy |
A recovering German economy and high global steel prices have helped industrial conglomerate ThyssenKrupp record a 20% jump in earnings. ThyssenKrupp, whose core business is steel, earned 249m euros (�167m; $294m) during the first three months of 2004.
Its range of businesses - which also include automotive parts and commercial services - make it highly vulnerable to the ups and downs of German economy.
And growth in Germany has been slow to recover in recent months.
The economic signs now are still confusing, but point toward a steady - if unspectacular - period of growth.
This could help ThyssenKrupp pass the 1bn-euro profits mark this year, the company said.
Another positive factor has been high steel prices around the world, the result largely of rampant demand in China.
One-Minute World News 
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