FRANKFURT (Reuters), Thyssenkrupp, a German conglomerate (ETR:), on Wednesday increased its outlook for revenue and operating profit through 2022. It also cut its cash flow forecasts due to an increase in selling and commodity prices.

The submarines-to-car parts group now expects its free cash flow before M&A to be in the negative triple-digit million euro range, having previously guided for a break-even.

“The current cash flow challenges are caused by dynamic fluctuations in commodity and raw material prices. Klaus Keysberg is Chief Financial Officer.

The company also benefited from increased steel and material prices, which it stated, while adding that it expects sales to increase by a low-double-digit percentage, as opposed to the previous mid-single-digit percentage growth.

Thyssenkrupp indicated that the adjusted earnings before interest or tax (EBIT), is now expected to rise to at least 2.0billion euros ($2.1billion). It had previously predicted an adjusted EBIT between 1.5 billion and 1.8 billion euro.

The adjusted EBIT almost quadrupled at 802 million euro in the second quarter. Sales increased nearly 25% to 10.6 billion due to a 57% increase in order intake.

($1 = 0.9491 euros)