Thyssenkrupp Ag (OTC) ( (TKAMY) ) has released its Q3 earnings. Here is a breakdown of the information Thyssenkrupp Ag (OTC) presented to its investors.
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Thyssenkrupp AG is a diversified industrial group primarily engaged in the engineering, materials, and technology sectors, with a significant presence in the steel and automotive industries. The company is known for its innovative solutions and global reach.
In its latest earnings report for the first nine months of the fiscal year 2024/2025, Thyssenkrupp AG highlighted a significant increase in order intake, driven by major contracts in its Marine Systems segment, despite a decline in overall sales. The company reported improved EBITDA and a return to positive EBIT, reflecting operational improvements and strategic divestments.
Key financial metrics showed a 23% increase in order intake to €30.7 billion, while sales decreased by 6% to €24.6 billion. EBITDA rose by 37% to €1.081 billion, and the company achieved a positive EBIT of €239 million compared to a loss in the previous year. The net loss narrowed significantly to €121 million, aided by gains from strategic divestments and improved operational efficiency.
Looking ahead, Thyssenkrupp AG remains cautious, adjusting its sales forecast downward due to market conditions but maintaining its EBIT expectations. The company plans to continue focusing on cost management and strategic investments to navigate the challenging economic environment.