Thyssenkrupp plunges in Frankfurt, 2026 estimate cut weighed heavily
The German conglomerate nevertheless closed 2025 with a net profit of EUR 465 million, compared to a loss of EUR 1.5 billion the year before
(Il Sole 24 Ore Radiocor) - Thyssenkrupp has taken a tumble on the Frankfurt Stock Exchange (-6.64% at the close), losing more than 9% in the early hours of the session, despite the announcement of a return to profit after two years of losses. In detail, the German industrial conglomerate steel announced that it had closed the year 2024/2025, which ended at the end of September, with anet profit of EUR 465 million compared to a loss of EUR 1.5 billion a year earlier. The positive result, however, was due more to cost reductions and improved efficiency than to the market recovery. In addition, the shareholding in the lift division (EUR 902 million) was revalued.
The accounts also benefited from the sale of the Indian electronics subsidiary for 320 million. However, Thyssen's top management has expressed caution and indicated that it expectsa lossof between 400 and 800 million by 2026 due to extraordinary items related to the relaunch. The CFO, Axel Hamann, commented: 'We have to expect that the difficult market conditions will persist next year as well'.
Returning to the 2024-2025 accounts, turnover dropped by 6% to EUR 32.8 billion. The conglomerate's divisions all recorded a decline in revenue, except for Tkms, the company that produces submarines and was listed on the stock exchange in recent weeks (shares rose 5.8% to EUR 74.1).
In particular, the company recorded an increase in turnover, +3% to EUR 2.2 billion. It also multiplied its order intake almost sixfold to EUR 8.8 billion, almost reaching the levels of the steel division, which instead saw orders drop by 9% to EUR 9.1 billion. Thanks to Tkms, Thyssen's total orders rose by 15% to EUR 37.7 billion. As for the bid for the steel division submitted by the Indian company, Jindian Steel, Thyssenkrupp merely indicated that it would examine the proposal.
Analysts at Morgan Stanley havepointed their index fingers at the company's forecasts for the coming year, finally overshadowing the results for the year 2024-2025, thus encouraging sell orders on the shares. The company expects an adjusted ebit of between EUR 500 million and EUR 900 million. This is a wide range that is 27% below expectations.
