Struggling steel giant Thyssenkrupp's shares slump after profit hit
- Thyssenkrupp, a German industrial giant, reported a net profit of €167 million for January to March 2025, mainly from selling its Indian steel unit.
- This profit followed two years of losses and happened despite difficult market conditions including high energy costs, weak demand, and tariffs from the US administration.
- The company’s steel division, Steel Europe, faced a €90 million impairment and a 5% sales decline as it undergoes restructuring and job cuts totaling 11,000 positions.
- Quarterly operating profits plunged about 90% to €19 million, far below analyst expectations, with CFO Jens Schulte noting shutdowns of steel sites for modernisation recently.
- Thyssenkrupp anticipates returning to profitability for the full year with earnings expected to fall within a range of 100 to 500 million euros, while cautioning that the remainder of 2025 will remain affected by global economic challenges and ongoing pressures.
25 Articles
25 Articles
focus.de
finanzen100.deThyssenkrupp is experiencing a dramatic stock market day. The share price drops by almost 10 percent after the company reported a 90 percent decrease in adjusted EBIT. This is what the forecast model of INDEX-RADAR.de sees as further price development.
The Group's steel division is writing losses. Head of the company López is counting on the economy to start, and he expects more pragmatism in climate protection from the government.
InsideNoVA.com
Struggling steel giant Thyssenkrupp's shares slump after profit hit
Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan.
Germany's Thyssenkrupp returns to profit on India sale, but Europe's steel woes persist
German industrial titan Thyssenkrupp said Thursday it returned to profit at the start of the year due to the sale of an Indian business but its troubled steel division took a hit. The group, which makes everything from steel to submarines, reported a net profit of 167 million euros ($187 million) for the January to March period, compared to a 72-million-euro loss a year earlier. It is the first time the company has booked a profit after six cons…
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