Germany's Thyssenkrupp Q2 order intake rises 32%, sales dip

ThyssenKrupp AG

12/05/2026 06:12

Overview

Germany industrial conglomerate's Q2 order intake rose 32% yr/yr, driven by Marine Systems

Q2 sales fell slightly due to price and demand factors, especially in Steel Europe and Automotive

Adjusted EBIT improved to €198 mln, reflecting operational progress and cost-cutting measures

Outlook

Thyssenkrupp confirms full-year adjusted EBIT forecast at €500 mln to €900 mln

Company maintains free cash flow before M&A outlook at €(600) mln to €(300) mln

Sales forecast revised to (3)% to 0% versus prior year, citing delayed revenue recognition

Result Drivers

MARINE SYSTEMS ORDERS - Major submarine and marine electronics contracts drove order intake higher

COST REDUCTIONS - Lower raw material and energy costs at Steel Europe and group-wide cost-cutting measures supported earnings growth

RESTRUCTURING IMPACT - Restructuring and efficiency programs improved results in Materials Services and Automotive Technology

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
-EUR 11 mln
Q2 Adjusted EBIT
EUR 198 mln
Q2 Orders
EUR 10.60 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the iron & steel peer group is "hold."

Wall Street's median 12-month price target for thyssenkrupp AG is €12.50, about 21.4% above its May 11 closing price of €10.30

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)