German steel maker and industry conglomerate ThyssenKrupp reported a decline of 2.4% in net profit of current fiscal first-quarter, but still it exceeded market expectations as demand improved from earlier in 2009 and restructuring and cost cutting measures taken by the company during the quarter helped.

Company reported a decline of 19% in the revenue from €11.52 billion to €9.35 billion and net profit become €164 million from €168 million from the comparable period of previous financial year.

Company reported enhance in the productivity of the by 30% considering the rebound in the demand and price of the company's product long with the strong measures taken by the company help the company to lift the results .

CEO Ekkehard Schulz reporting economy as fragile and considering the same they are increasing the guidance for the fiscal year 2010.