ThyssenKrupp CEO Hiesinger Says Orders Unaffected, WAZ Reports

ThyssenKrupp AG (TKA) hasn’t experienced a decline in orders, Westdeutsche Allgemeine reported, citing an interview with Chief Executive Officer Heinrich Hiesinger.

Current share prices reflect “pure hysteria” that has nothing to do with reality, the media group cited Hiesinger as saying.

While the debt crisis will cause the economy to slow down, Hiesinger said he doesn’t expect a recession, WAZ reported.

-- Editors: James Kraus, Digby Lidstone

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

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