Meanwhile, its parent company ThyssenKrupp said in a statement that the group's difficult economic situation has been significantly aggravated by the coronavirus emergency. At the end of April, the group, which is still awaiting the proceeds from the sale of its lift division, received a state loan of around €1 billion. ThyssenKrupp CEO Martina Merz said that the restructuring strategies, the cost reduction and, above all, the measures to increase sales that the group had planned to implement in the next two or three years will have to be performed significantly faster due to the Covid-19 pandemic.