tk accelis outlines mid-term targets and spin-off plan at Capital Markets Day

Capital Markets Day and purpose

tk accelis held its first Capital Markets Day in London to present strategy and new mid-term financial targets as part of the path toward a planned minority-stake spin-off and an intended public listing later in the year.

Scale and positioning

The company reported combined FY 2024/25 sales of €11.4 billion, operates in more than 30 countries from about 400 sites with roughly 15,500 employees, serves some 250,000 customers, and is the market leader by sales in Germany and Europe and the third-largest player in North America.

Business model and addressable market

tk accelis operates three business units—Materials (€7.0bn), Processing (€3.1bn) and Solutions (€1.4bn)—covering distribution, value-added processing and integrated supply chain services and positioning itself as a global Materials-as-a-Service provider; the addressable market is estimated to grow from ~€800bn in 2024 to ~€1tn by 2030 (~4% annual growth).

Strategy and mid-term targets

The company’s three strategic priorities are expanding higher-margin services, accelerating North America (including capacity expansion and the Aceroteca acquisition), and optimizing/digitalizing processes with AI; it targets >4% sales CAGR and an Adjusted EBITDA margin of 4–5%, with unit margin aims of ~3% for Materials, 3–4% for Processing and 12–14% for Solutions.

Independence and timing

The spin-off of a minority stake to thyssenkrupp AG shareholders will be subject to a vote at an Extraordinary General Meeting on 7 August 2026, with independence cited as a means to speed decisions, direct capital allocation and access external capital to fund growth.