Wednesday, November 23, 2016

UPDATE 1-Thyssenkrupp cautious on profit; says cost cuts key

ESSEN, Germany, Nov 24 (Reuters) - German steel-to-elevators

group Thyssenkrupp forecast a smaller-than-expected

rise in operating profit for its current fiscal year and said on

Thursday cost cuts would again be key to meeting its targets

amid volatile raw material prices.

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