thyssenkrupp Q1 2025/2026: Sales Down, EBIT Up, Forecast Confirmed

Financial Performance

In Q1 2025/2026, thyssenkrupp's order intake was €7.7 billion, down from €12.5 billion the previous year, primarily due to major contracts at Marine Systems. Sales decreased by 8% to €7.2 billion, influenced by demand fluctuations and price effects. Despite this, adjusted EBIT rose by 10% to €211 million, driven by the APEX performance program. The group confirmed its fiscal year forecast, expecting adjusted EBIT between €500 million and €900 million.

Segment Developments

Automotive Technology saw a slight decline in sales due to reduced demand and currency effects, while Materials Services and Steel Europe faced lower demand and pricing pressures. Decarbon Technologies experienced negative earnings, impacted by sales declines and project-related expenses. Marine Systems' sales were slightly down, aligning with project progress.

Strategic Initiatives

thyssenkrupp is advancing its transformation under the ACES 2030 strategy, focusing on efficiency and restructuring. Automotive Technology is realigning its portfolio, including the sale of its Automation Engineering unit to Agile Robots. Decarbon Technologies is enhancing its capabilities in green hydrogen and CO2 capture. Materials Services is evolving into a supply chain service provider, expanding its capacity in the US and launching digital solutions.

Future Outlook

Despite a challenging market, thyssenkrupp maintains its forecast for fiscal year 2025/2026. The company anticipates free cash flow before M&A between €(600) million and €(300) million, and net income between €(800) million and €(400) million, factoring in restructuring provisions at Steel Europe.