- Thyssenkrupp’s projected adjusted EBIT for 2026 is between €500 million and €900 million, which falls short of the previously estimated €936 million.
- The company expects to experience a net loss ranging from €400 million to €800 million for 2026.
- For the year, net income was €465 million, a significant improvement from a loss of €1.51 billion the previous year, surpassing the estimated €129.9 million.
- Sales totaled €32.84 billion, a 6.3% decrease year-over-year, slightly above the estimated €32.82 billion.
- Revenue from the European Steel Unit was €9.79 billion, down 8.8% from last year, but above the estimate of €9.66 billion.
- Materials Services sales decreased by 5.7% to €11.43 billion, close to the estimated €11.48 billion.
- Automotive Technology sales registered €7.04 billion, down 6.6% year-over-year, just under the estimate of €7.07 billion.
- Marine Systems sales increased by 3.3% to €2.19 billion, higher than the estimate of €2.17 billion.
- Decarbon Technologies sales fell by 9.6% to €3.48 billion, below the estimated €3.59 billion.
- The company’s adjusted EBIT rose by 13% year-over-year to €640 million, exceeding the estimate of €589.1 million.
- The European Steel Unit’s adjusted EBIT surged by 29% to €337 million, surpassing the estimated €258.5 million.
- Materials Services’ adjusted EBIT declined by 35% to €132 million, still above the estimate of €127.3 million.
- Automotive Technologies’ adjusted EBIT dropped by 24% to €187 million, but it did exceed the estimate of €183.1 million.
- Marine Systems’ adjusted EBIT increased by 1.6% to €127 million, meeting the estimate of €123 million.
- Decarbon Technologies achieved an adjusted EBIT of €71 million, moving from a prior loss of €54 million, yet below the estimate of €94.1 million.
- For fiscal year 2025/2026, sales are expected to fluctuate between a decline of 2% and a growth of 1%.
- Specific growth is anticipated in Materials Services and Steel Europe, while Automotive Technology and Decarbon Technologies may experience declines.
- Free cash flow before mergers and acquisitions is predicted to be between minus €600 million and minus €300 million, with significant cash outflows intended for restructuring in Automotive Technology and Steel Europe.
- Restructuring plans at Steel Europe have a notable impact on the 2026 net income forecast.
ThyssenKrupp AG on Smartkarma
Analysts on Smartkarma are bullish on ThyssenKrupp AG, with Richard Howe providing insights into the spin-off of Thyssenkrupp Marine Systems (TKMS) on October 30, 2025. TKMS, as Germany’s sole full-systems provider for non-nuclear submarines and surface vessels, is seen as a strategic move by Thyssenkrupp to simplify its conglomerate structure and enhance shareholder value.
Baptista Research also supports this positive sentiment, emphasizing Thyssenkrupp’s transformation into a strategic holding entity with independently managed business segments. They highlight the upcoming spin-off of Thyssenkrupp Marine Systems in 2025 as a significant step supported by strong shareholder backing, indicating a promising future for the company’s financial outlook and market positioning.
A look at ThyssenKrupp AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ThyssenKrupp AG, a company that specializes in manufacturing industrial components such as steel, automobile parts, elevators, escalators, and more, has received favorable Smart Scores across different factors. With a top score of 5 in the Value category, ThyssenKrupp AG is perceived as offering strong value based on its financial metrics and market position. This indicates that the company’s stock price may be undervalued compared to its intrinsic worth.
Additionally, ThyssenKrupp AG has received respectable scores in other areas, including a 4 in Resilience, showcasing the company’s ability to weather economic challenges. The company also scored a 4 in Momentum, suggesting positive price trends and investor sentiment. While there are areas like Growth and Dividend where ThyssenKrupp AG scored lower, the overall outlook for the company appears promising, backed by its solid performance in key strategic areas.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
