thyssenkrupp AG
TKA
ISIN DE0007500001 / Valor 412006
thyssenkrupp AG
UMushroom community rating:
About company
thyssenkrupp AG is a diversified industrial and technology company with a global presence, employing approximately 100,000 people across 48 countries. The company's operations are organized into five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. thyssenkrupp is known for its extensive technology expertise, developing economical and resource-efficient solutions to future challenges. It has a significant focus on research and development, with around 4,000 employees working at 75 locations worldwide, primarily on climate protection, the digital transformation of industry, and future mobility. The company holds around 14,630 patents and utility models. thyssenkrupp's shares are traded on the Frankfurt Stock Exchange under the ticker symbol TKA and in the United States as American Depositary Receipts under the symbol TKAMY.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (07.08.2024):
Order Intake and Sales
In the 2nd quarter of 2023/2024, thyssenkrupp AG reported order intake and sales of €8.6 billion and €9.1 billion, respectively. These figures were lower than the prior year's €10.2 billion and €10.1 billion, mainly due to price- and demand-induced declines at Materials Services and Steel Europe.
Adjusted EBIT
thyssenkrupp AG's adjusted EBIT for the 2nd quarter of 2023/2024 was €184 million, down from €205 million in the prior year. The decline was primarily due to the absence of positive one-time effects at Automotive Technology. However, excluding these one-time effects, adjusted EBIT actually increased, with contributions from Steel Europe and Marine Systems.
Free Cash Flow
Free cash flow before M&A for thyssenkrupp AG in the 2nd quarter of 2023/2024 was above the prior year but remained negative on a seasonal basis. The company has confirmed its full-year forecast for adjusted EBIT and free cash flow before M&A for the 2023/2024 fiscal year.
Segment Performance
In the 2nd quarter of 2023/2024, Automotive Technology reported order intake and sales of €1.9 billion, both down from €2.0 billion in the prior year. Adjusted EBIT for the segment was €49 million, compared to €108 million in the previous year, which had benefited from positive one-time effects. Lower material and transportation costs, along with efficiency improvements from the "APEX" program, positively impacted earnings.
Materials Services
Materials Services posted order intake of €3.3 billion and sales of €3.2 billion in the 2nd quarter of 2023/2024, down from €3.9 billion in both categories in the prior year. The segment's earnings were €69 million, compared to €85 million in the previous year, reflecting a weak economic environment in Europe, particularly in the warehousing and direct-to-customer businesses.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2540 M
Market cap (USD)
3,515,680
Daily traded volume (Shares)
3.942 / 3.862
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
Simon Oswald
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