FRANKFURT (Reuters) -Thyssenkrupp kept its outlook for the fiscal year and expects a more stable market environment in the second half of 2025, it said on Thursday, after lower prices and demand as well as maintenance-related shutdowns caused quarterly profit to plunge.

The German conglomerate said it still expects adjusted operating profit (EBIT) of 600 million to 1 billion euros ($671 million to $1.1 billion) and free cash flow before M&A of between 0 and 300 million euros.

($1 = 0.8948 euros)