Thyssenkrupp raises lower end of profit outlook on steel, materials demand
13/08/2026 06:00
Thyssenkrupp raises lower end of profit outlook on steel, materials demand FRANKFURT, Aug 13 (Reuters) - Thyssenkrupp TKAG.DE on Thursday raised the lower end of its profit outlook for 2026, boosted by its steel, marine and materials trading units as well as cost cuts related to its ongoing efficiency programme.
The German firm, which makes everything from car parts to fertiliser plants, is currently in the process of drastically changing its structure, spinning off all of its individual divisions in a bid to simplify and improve performance.
(Reporting by Christoph Steitz; Editing by Kirsten Donovan)
((christoph.steitz@thomsonreuters.com; +49 30 220 133 647))