ThyssenKrupp posts 4.7 bln eur loss on writedown in Americas

Mon Dec 10, 2012 2:49pm EST

Dec 10 (Reuters) - Germany's ThyssenKrupp AG posted an unexpectedly large annual loss as it wrote down the value of its steel mills in the United States and Brazil and said it would pay no dividend for its last fiscal year.

The loss jumped to 4.7 billion euros after minorities from 1.3 billion a year earlier, well above consensus of 985 million euros in a Reuters poll.

Thyssen, Germany's top steelmaker, said it took a 3.6 billion euro impairment charge at its Steel Americas business, which is up for sale.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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