Confirmed Full-Year Guidance
Group guidance confirmed for FY '25-'26: sales -2% to +1% vs prior year; EBIT adjusted EUR 500m–900m; free cash flow before M&A between EUR -600m and EUR -300m (includes expected restructuring cash outflows up to EUR 350m); net income guidance EUR -800m to EUR -400m.
Improved Group EBIT Adjusted
EBIT adjusted increased to EUR 211m in Q1, up EUR 20m year-over-year despite an 8% decline in sales, demonstrating operational resilience.
Steel Europe Earnings Upswing
Steel Europe EBIT adjusted rose to EUR 216m (largest segment increase) despite sales declining 10% and shipments falling 4%; improvement driven by lower raw material prices, efficiency measures and some higher automotive volumes.
Record Order Backlog at Marine Systems (TKMS)
Marine Systems reported strong defense demand with a record order backlog of EUR 18.7bn; segment development and updated sales guidance are proceeding in line with outlook following TKMS spin-off.
Material Services Profitability Improvement
Materials Services delivered higher earnings with EBIT adjusted at EUR 50m, despite sales down 6% year-over-year; North American distribution/processing and APEX cost reductions more than offset weaker European direct-to-customer shipments.
Automotive Technology Operational Progress
Automotive Technology sales down ~3% YoY (currency-adjusted roughly flat) while EBIT adjusted improved to EUR 20m, up EUR 8m YoY, reflecting volume compensations, restructuring savings and efficiency initiatives.
Strategic Portfolio Milestones
Key strategic actions achieved: successful spin-off of TKMS (Oct), collective restructuring agreement with IG Metall (Dec), initiated sale of Automation Engineering (Nov) and term sheet on new HKM shareholder structure (Salzgitter sole shareholder from 1 June 2026). These moves advance the transformation to a lean financial holding.
ESG and Green-Technology Progress
thyssenkrupp secured CDP Climate A List recognition for the 10th consecutive year; announced framework agreement (Uniper & Uhde) on ammonia cracking tech (up to 6 plants, 7,200 t/day) and continued construction of DRI plant at Steel Europe, supporting green transformation momentum.