thyssenkrupp AG Earnings Recaps
Q1 2026
Feb 13, 2026
thyssenkrupp reported a solid start to fiscal year '25-'26, achieving an uptick in EBIT despite an 8% decline in sales, while confirming its full-year guidance amid a challenging market environment.
Key takeaways
- Adjusted EBIT increased to EUR 211 million, surpassing last year's performance by EUR 20 million.
- Sales dropped to EUR 7.2 billion, reflecting ongoing weak demand and market challenges.
- Free cash flow showed a typical seasonal decline of EUR 1.5 billion, but full-year guidance for cash flow before M&A remains unchanged.
- Workforce reduction progressed as planned, with FTE down by approximately 1,100 in Q1.
- Strategic milestones include ongoing negotiations for Steel Europe’s majority holding and advancements in the green transformation efforts.
Q4 2025
Dec 10, 2025
Thyssenkrupp delivered strong results in its fiscal year 2024-25, despite significant challenges, including a sales decline of €2.2 billion; however, improved operational efficiencies led to an increased EBIT of €640 million and a positive net income.
Key takeaways
- Achieved an EBIT of €640 million, reflecting a €72 million year-over-year increase amidst a challenging market, showcasing effective restructuring efforts.
- Successfully spun off TKMS, resulting in a 14% value creation for shareholders on the first trading day and establishing TKMS in the MDAX.
- Reported positive free cash flow of €363 million for the third consecutive year, compounded by a strong fourth-quarter performance.
- Maintained a robust net cash position of nearly €5 billion, providing a solid foundation for future portfolio development and transformation into a financial holding company.
- Despite a cumulative sales drop of nearly €5 billion over two years due to market headwinds, key financial metrics remained resilient, underscoring operational strength.
Q3 2025
Aug 14, 2025
thyssenkrupp reported solid Q3 results despite macroeconomic challenges, confirming guidance for free cash flow while adjusting sales expectations downward due to market headwinds.
Key takeaways
- EBIT adjusted guidance maintained at the lower end of previous range, with significant operational resilience reflected in performance despite a 9% year-over-year sales drop.
- Positive free cash flow before M&A confirmed for the third consecutive year, showcasing strong operational discipline.
- Successful restructuring initiatives, including a workforce reduction of 4,200 FTEs, with only 600 linked to portfolio changes.
- Marine Systems secured a record order backlog driven by major contracts, with the anticipated spin-off on track for a 2025 listing that retains significant shareholder value.
- Financial position remains robust with €3.7 billion in net cash and a further €1.1 billion in available credit facilities.