Thyssenkrupp on Thursday fleshed out details of a restructuring programme for its challenged steel division, saying production capacity at its Duisburg site will be significantly reduced, with measures involving job cuts that cannot yet be quantified.
Thyssenkrupp lowered its sales and net profit targets for the current fiscal year on falling demand, higher costs and impairment losses after its first-quarter results missed consensus.
thyssenkrupp's performance has been weak in 2023 and the estimates for 2024 are difficult to forecast. The company's volatility and uncertain structure make it a risky investment. Despite the weaknesses, there are positive factors such as the IPO of Nucera and the company's new structure that could lead to significant upside potential.
Thyssenkrupp's CEO has told employees that it must redouble efforts to regain investor trust in order to protect jobs and investment as it moves ahead with a restructuring.
Shares in ThyssenKrupp were among the best performers in Europe on Wednesday, after the industrial conglomerate forecast a return to sales growth and hopes rose it may be nearer a deal to offload some of its struggling steel business.
aktien.guide ist das Tool zum einfachen Finden, Analysieren und Beobachten von Aktien. Lerne von erfolgreichen Investoren und triff fundierte Anlageentscheidungen. Wir machen Dich zum selbstbestimmten Investor.