- Full Year Sales Outlook: Thyssen now forecasts a decline in full-year sales by 5% to 7%, previously projected as flat or declining by up to 3%.
- Full Year Adjusted EBIT Guidance: Thyssen anticipates adjusted EBIT to be at the low end of EU600 million to EU1 billion, with an estimated figure at EU640.1 million.
- Net Income Forecast: The expected net income range remains between EU100 million and EU500 million, with an estimate of EU333.4 million.
- Third Quarter Results – Net Loss: The company reported a net loss of EU278 million compared to a loss of EU54 million from the previous year.
- Adjusted EBIT: Recorded at EU155 million, up by 4% year-over-year, although below the estimated EU192.3 million.
- European Steel Unit Performance: Adjusted EBIT was EU31 million, marking a 69% decrease year-over-year, against an estimate of EU67 million.
- Materials Services: Adjusted EBIT of EU45 million, down 22% year-over-year, with an estimate of EU61.4 million.
- Automotive Technologies: Adjusted EBIT was EU61 million, a 22% decline compared to last year, but surpassed the estimate of EU54 million.
- Marine Systems: Reported adjusted EBIT of EU23 million, a 23% decrease year-over-year, against an estimate of EU34 million.
- Decarbon Technologies Success: Adjusted EBIT rose to EU42 million versus a loss of EU59 million last year, exceeding the estimate of EU23.8 million.
- Sales Performance: Total sales were EU8.2 billion, an 8.7% decline year-over-year, below the estimate of EU8.7 billion.
- European Steel Unit Sales: Revenue was EU2.45 billion, a 13% decrease year-over-year, below the estimate of EU2.62 billion.
- Materials Services Sales: Recorded EU2.86 billion in sales, a 10% decline year-over-year, against an estimate of EU3.14 billion.
- Automotive Technology Sales: Sales reached EU1.79 billion, a 6.7% decrease year-over-year, slightly below the estimate of EU1.86 billion.
- Marine Systems Sales Growth: Sales increased by 14% year-over-year to EU500 million, close to the estimate of EU511 million.
- Decarbon Technologies Sales: Sales were EU852 million, down 9.8% year-over-year, below the estimate of EU931.4 million.
- Stock Recommendations: Analysts have provided 4 buy ratings, 5 hold ratings, and 3 sell ratings for Thyssen stocks.
ThyssenKrupp AG on Smartkarma
Top independent analysts on Smartkarma, such as Baptista Research, are closely covering ThyssenKrupp AG. In their report titled “ThyssenKrupp – Hidden Value in Elevator Business—A Game Changer?“, the analysts delve into the company’s recent earnings call, emphasizing the challenges and opportunities faced in the current market environment. Highlighting ThyssenKrupp’s strategic decision to spin off Marine Systems by 2025 and the cash inflow from selling Key Electrical Steel India, the analysts see these moves as key to strengthening the company’s financial position. Furthermore, ongoing negotiations with IG Metall to reconfigure Steel Europe operations demonstrate ThyssenKrupp’s commitment to restructuring and adapting to market dynamics.
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 known for manufacturing industrial components such as steel, automobile parts, elevators, and more, has received a mix of Smart Scores indicating its long-term outlook. With a top score of 5 in the Value category, ThyssenKrupp AG is viewed favorably in terms of its valuation within the market. This suggests that the company may be undervalued compared to its intrinsic worth. However, in terms of Dividend and Growth, ThyssenKrupp AG scored lower at 3 and 2 respectively, indicating room for improvement in these areas. On the bright side, the company scored a solid 4 in both Resilience and Momentum, highlighting its ability to adapt to challenges and maintain positive market momentum.
Overall, ThyssenKrupp AG‘s Smart Scores paint a picture of a company with strong value potential, yet with areas to address in terms of dividends and growth. Its resilience and momentum scores suggest a capability to weather uncertainties and sustain positive market performance. Investors may find ThyssenKrupp AG an interesting prospect for long-term investment consideration, especially given its diverse range of industrial products and services.
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
