Thyssenkrupp's net loss was 353 million euros for the first quarter of the current fiscal year, compared with a loss of 51 million euros in the corresponding quarter a year earlier.
The average forecast among analysts was for a net loss of 147 million euros, according to Bloomberg.
However, the European steel unit performed significantly better than expected, with operating profit rising 29 percent to EUR 216 million. This compares with an average forecast of EUR 106 million.
Sales for Thyssenkrupp as a whole decreased 8.2 percent to 17.2 billion euros during the quarter.
