Thyssenkrupp cuts sales outlook after steel and automotive weakness weigh on results
12/05/2026 06:00
FRANKFURT, May 12 (Reuters) - German conglomerate Thyssenkrupp TKAG.DE cut its 2026 sales outlook on Tuesday, citing lower steel prices and weaker demand at its automotive division in a sign of muted economic activity across Europe. The company now expects sales to fall by up to 3% and to remain flat at best, having previously expected a range of -2% to +1%. Analysts in an LSEG poll expected sales to fall by 1%. (Reporting by Christoph Steitz Editing by David Goodman) ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))