Thyssenkrupp jumps after strong Q4 with positive FCF

thyssenkrupp nucera AG & Co KgaA

19/11/2024 09:11

** Shares in Thyssenkrupp  TKAG.DE  jump around 8%, with a
trader pointing to "strong" Q4 results with free cash flow a
positive surprise, despite the German group taking a new 1
billion euro impairment on its struggling steel division
    ** It turned an unexpected positive FCF before mergers and
acquisitions of 110 million euros, with a local trader saying it
would be seen as "a strong relief"
    ** J.P.Morgan also notes the 36% beat vs consensus on Q4
adjusted EBIT and cash flow beat, adding that the 2025 guidance
is in line with expectations in "gloomy" end markets
        ** Thyssenkrupp's stock jumps to its highest price since
July, if gains hold it will see its best day since mid-October
  
    ** Its subsidiary, hydrogen group Thyssenkrupp Nucera
 NCH2.DE , jumps 7% after saying on Monday it sees slightly
better-than-expected full-year operating performance


 (Reporting by Marleen Kaesebier)
 ((Marleen.kaesebier@thomsonreuters.com))