thyssenkrupp AG
XHAM:TKA
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thyssenkrupp AG
Thyssenkrupp AG, a stalwart of German industry, weaves its narrative from a rich tapestry of history and innovation, tracing its origins back to the early 19th century. Born from the merger of Thyssen AG and Krupp, two titans of the industrial world, the company stands as a testament to resilience and adaptability. Anchored in the Ruhr Valley's heavy industry, thyssenkrupp initially rose to prominence in steel production, a realm that forged its identity. Now, the group's vast empire extends beyond steel, embracing engineering, technology, and services—a metamorphosis that underscores its commitment to evolving with the times.
Today, thyssenkrupp is a diversified industrial conglomerate structured into multiple business segments. Its Materials Services division remains pivotal, trading in materials such as metals and polymers. Meanwhile, the Industrial Solutions segment designs and constructs state-of-the-art chemical plants, refineries, and cement factories, bringing in substantial global contracts. Automotive Technology provides essential components like camshafts and steering systems, aligning with the company’s engineering prowess. Not to be overlooked, their Elevator Technology unit, although recently spun off as a standalone company, represents a significant legacy, epitomizing innovation with cutting-edge mobility solutions. Thyssenkrupp’s ability to integrate technology with traditional industrial strengths is what fuels its engine, driving revenue through a balanced mix of groundbreaking projects and traditional, enduring industries.
Thyssenkrupp AG, a stalwart of German industry, weaves its narrative from a rich tapestry of history and innovation, tracing its origins back to the early 19th century. Born from the merger of Thyssen AG and Krupp, two titans of the industrial world, the company stands as a testament to resilience and adaptability. Anchored in the Ruhr Valley's heavy industry, thyssenkrupp initially rose to prominence in steel production, a realm that forged its identity. Now, the group's vast empire extends beyond steel, embracing engineering, technology, and services—a metamorphosis that underscores its commitment to evolving with the times.
Today, thyssenkrupp is a diversified industrial conglomerate structured into multiple business segments. Its Materials Services division remains pivotal, trading in materials such as metals and polymers. Meanwhile, the Industrial Solutions segment designs and constructs state-of-the-art chemical plants, refineries, and cement factories, bringing in substantial global contracts. Automotive Technology provides essential components like camshafts and steering systems, aligning with the company’s engineering prowess. Not to be overlooked, their Elevator Technology unit, although recently spun off as a standalone company, represents a significant legacy, epitomizing innovation with cutting-edge mobility solutions. Thyssenkrupp’s ability to integrate technology with traditional industrial strengths is what fuels its engine, driving revenue through a balanced mix of groundbreaking projects and traditional, enduring industries.
Sales Guidance Cut: thyssenkrupp lowered its sales guidance due to ongoing weak market conditions, especially in automotive and materials segments.
Profit & Cash Flow: EBIT guidance was confirmed at EUR 600 million to EUR 1 billion, and free cash flow guidance was raised to EUR 0 to EUR 300 million for the year.
Marine Systems Strength: Record new orders brought Marine Systems’ order backlog to more than EUR 16 billion, with significant prepayments received from government contracts.
Portfolio Actions: Progress continues on spinning off Marine Systems (minority IPO planned in 2025) and on restructuring Steel Europe, including a finalized business plan and joint venture with EP Group.
Market Challenges: Management highlighted muted market demand, especially in the automotive sector, and expects only limited direct impact from discussed tariffs at the group level.
Restructuring & Transformation: The company emphasized ongoing restructuring, cost efficiency initiatives (APEX 2.0), and investments in the green transformation, particularly in Decarbon Technologies and steel decarbonization projects.
