BOCHUM: German heavy industry giant ThyssenKrupp promised its shareholders yesterday to resume paying dividends, but did not gave any indication about when it might do so.
“We are on the right path and have achieved measurable successes,” Chief Executive Heinrich Hiesinger told the group’s annual shareholders meeting.
“We ended the past fiscal year with a loss and are unable to pay a dividend to you, our shareholders. That must change, and it will change. That is what the executive board is committed to,” Hiesinger said.
ThyssenKrupp, which makes steel, elevators, industrial plant technology, submarines and car parts, is in the middle of a vast restructuring.
AFP
