Germany's Thyssenkrupp Q3 sales rise on strong performance across segments
Germany's Thyssenkrupp Q3 sales rise on strong performance across segments
Overview
Germany industrial conglomerate's fiscal Q3 sales rose 8% yr/yr, driven by Materials Services and Steel Europe
Adjusted EBIT improved to €183 mln, reflecting performance gains in key segments
Order intake declined to €7.7 bln due to large prior-year Marine Systems orders
Outlook
Thyssenkrupp now sees 2025/2026 adj EBIT between €600 mln and €900 mln, up from €500 mln-€900 mln
Company expects 2025/2026 net income between €(700) mln and €(400) mln, from prior €(800) mln-€(400) mln
Thyssenkrupp maintains 2025/2026 free cash flow before M&A at €(600) mln to €(300) mln
Result Drivers
SEGMENT PERFORMANCE - Stronger results at Materials Services, Steel Europe, and Marine Systems due to higher volumes, prices, and project progress
RESTRUCTURING AND PERFORMANCE PROGRAMS - Earnings growth supported by restructuring and APEX performance initiatives, particularly at Steel Europe and Materials Services
ACCOUNTING GAIN - Net income benefited from a positive accounting effect related to the sale of the interest in Hüttenwerke Krupp Mannesmann (HKM)
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income |
| EUR 34 mln |
|
Q3 Adjusted EBIT |
| EUR 183 mln |
|
Q3 Orders |
| EUR 7.70 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy"
Wall Street's median 12-month price target for thyssenkrupp AG is €13.00, about 4.8% above its August 12 closing price of €12.40
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
Aug 13 - Thyssenkrupp raises lower end of profit outlook on steel, materials demand
Aug 11 - Germany's Salzgitter H1 sales dip; profit lifted by Aurubis stake
Aug 12 - Warship builder TKMS ups 2026 outlook, shares near 6-month high
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)