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thyssenkrupp AG (TKR.VI)

8.46

-0.20

(-2.29%)

As of 1:00:42 PM GMT+2. Market Open.

Trump's New Tariff Hike Roils Global Steel Stocks

President Trump's move to double steel and aluminum tariffs to 50% from Wednesday is making waves: Shares in American steelmakers jumped in premarket trading Monday. Cleveland-Cliffs (CLF) recently stood 25% higher, Steel Dynamics (STLD) advanced 14%, and Nucor (NUE) gained 11%.

The Wall Street Journal 3 hours ago

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Thyssenkrupp putting 20,000 jobs at risk in overhaul, says union

Germany's IG Metall union sees around a fifth of jobs at Thyssenkrupp at risk, a senior official was quoted as saying on Friday, following the conglomerate's recent plans to turn into a holding company. On Monday, Thyssenkrupp said it would pursue plans to sell minority stakes in three of its five divisions, with the other two - submarines and steel - already in the process of being spun off or partly divested. "The plans could see more than 20,000 employees' positions slashed," Juergen Kerner, deputy chairman of both the IG Metall union and Thyssenkrupp's supervisory board, told Sueddeutsche Zeitung (SZ) newspaper.

Reuters 3 days ago

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Thyssenkrupp Plans to Become Holding Company of Independent Businesses

Thyssenkrupp plans to make all of its divisions independent and open to outside investment, a major overhaul that aims to turn the German industrial group into a holding company after more than two centuries as a manufacturer. The plan marks the latest attempt by Thyssenkrupp, which traces its roots back to industrial-revolution Germany, to reinvent itself. Thyssenkrupp in 2017 planned to combine its steel business with the European unit of India’s Tata Steel but the deal was blocked by European Union antitrust regulators in 2019.

The Wall Street Journal 6 days ago

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Iveco, Thyssenkrupp Aim to Cash in on European Defense Boom

Both companies are moving ahead with plans to spin off their defense businesses as Europe pushes to rearm.

The Wall Street Journal 18 days ago

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Thyssenkrupp Shares Plunge on Expectations Miss

The steel and industrial company said that weak markets and high macroeconomic uncertainty weighed on its second-quarter performance.

The Wall Street Journal 18 days ago

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While institutions own 43% of thyssenkrupp AG (ETR:TKA), retail investors are its largest shareholders with 52% ownership

Key Insights Significant control over thyssenkrupp by retail investors implies that the general public has more power...

Simply Wall St. 24 days ago

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Thyssenkrupp steel unit, union reach general agreement on restructuring

FRANKFURT (Reuters) -Thyssenkrupp's steel unit said on Wednesday that it has reached an agreement in principle with the IG Metall union around the planned restructuring of Germany's largest steel maker, adding its aim was to avoid forced layoffs. The agreement, which follows Thyssenkrupp's announcement that up to 11,000 jobs at the steel unit had to be cut or outsourced, paves the way for deeper talks that are expected to result in a new collective wage agreement by summer, the company said. Reaching a wage deal has been seen as a hurdle to be cleared before Thyssenkrupp can sell an additional 30% stake in the steel business to Czech billionaire Daniel Kretinsky, as planned.

Reuters 26 days ago

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Despite shrinking by €329m in the past week, thyssenkrupp (ETR:TKA) shareholders are still up 128% over 5 years

When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...

Simply Wall St. 2 months ago

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Thyssenkrupp ploughs ahead with spin-off of warship division

Thyssenkrupp is moving ahead with a planned spin-off of a minority stake in its warship division, the group said on Friday, adding the newly created holding would be listed on the Frankfurt stock exchange. The company also said that talks with the German government about potential participation in its marine division, Thyssenkrupp Marine Systems (TKMS), were ongoing. The comments came in response to a report in Handelsblatt, which cited people familiar with the matter as saying that Thyssenkrupp had cancelled a sale of TKMS to Rheinmetall, Europe's biggest ammunition maker.

Reuters 2 months ago

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Thyssenkrupp plans 1,800 automotive job cuts – report

Response to the firm’s recent downturn in sales and orders.

Just Auto 2 months ago

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Thyssenkrupp Plans to Cut 1,800 Jobs at Weakened Auto Tech Unit

The German industrial group plans to cut around 1,800 jobs as part of an effort to reduce costs at its automotive technology business, which posted a slump in sales and orders for the final three months of last year.

The Wall Street Journal 2 months ago

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Thyssenkrupp to cut 1,800 jobs on automotive weakness

Thyssenkrupp plans to slash around 1,800 jobs due to the prolonged weakness in the car sector it supplies, the German conglomerate said on Thursday, becoming the latest player in the automotive industry to cut staff. Citing "persistently challenging market conditions in the global automotive industry", Thyssenkrupp said it would also freeze hiring and said measures overall were expected to help save more than 150 million euros ($162 million). "Production volumes continue to lag behind historical lows, and discussions about new tariffs are creating further uncertainty," Thyssenkrupp board member Volkmar Dinstuhl, who is in charge of the company's automotive business, said.

Reuters 2 months ago

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thyssenkrupp First Quarter 2025 Earnings: €0.08 loss per share (vs €0.50 loss in 1Q 2024)

thyssenkrupp ( ETR:TKA ) First Quarter 2025 Results Key Financial Results Revenue: €7.83b (down 4.3% from 1Q 2024). Net...

Simply Wall St. 3 months ago

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Is There An Opportunity With thyssenkrupp AG's (ETR:TKA) 33% Undervaluation?

Key Insights The projected fair value for thyssenkrupp is €7.01 based on 2 Stage Free Cash Flow to Equity...

Simply Wall St. 3 months ago

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Thyssenkrupp raises cash flow outlook on defence division strength

Industrial conglomerate Thyssenkrupp raised its free cash flow outlook on Thursday due to a strong performance at its warship division, which has gained momentum in light of a tighter focus on security after the outbreak of the Ukraine war. Thyssenkrupp said a major submarine order from the German military in December had led to an advance payment of 1 billion euros ($1.04 billion) during the first quarter, in what it says is a "changed security policy environment" for defence firms. The news highlights the strength of Thyssenkrupp's marine business, TKMS, which makes submarines, frigates, and sensor and mine-hunting technology, ahead of the planned spin-off of a minority stake either this year or next.

Reuters 3 months ago

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Thyssenkrupp CEO predicts decisive year in company's transformation

The CEO of German industrial group Thyssenkrupp said on Monday that 2025 would be a decisive year for the group's ongoing transformation. "The current business year will be a year of decision-making when it comes to our portfolio," CEO Miguel Lopez said in a transcript of his speech to shareholders, to be delivered at the company's annual general meeting on Friday. He added that Thyssenkrupp's embattled steel business would cut around 5,000 jobs and outsource a further 6,000 positions to contractors.

Reuters 4 months ago

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German-Indian JV emerges as sole contender for $5 billion India submarine deal

German shipbuilder ThyssenKrupp and its Indian partner have cleared field trials for building six advanced conventional submarines for the Indian Navy, according to an exchange filing, emerging as the sole contender for the $5 billion project. Their potential rival, Spanish state-held shipbuilder Navantia, which partnered with India's Larsen & Toubro (L&T), could not meet the navy's requirements in trials held in 2024 for testing key technologies, an Indian defence source said. The project is crucial to India's effort to modernise its military and boost its naval capabilities in the face of China's growing presence in the Indian Ocean region.

Reuters 4 months ago

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thyssenkrupp's (ETR:TKA) Dividend Will Be €0.15

thyssenkrupp AG ( ETR:TKA ) has announced that it will pay a dividend of €0.15 per share on the 5th of February. This...

Simply Wall St. 5 months ago

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Thyssenkrupp (XTRA:TKA) faces hurdles in Steel Europe despite green tech and €4.4B net cash boost

thyssenkrupp continues to make strides in innovation and sustainability, with recent developments highlighting its commitment to CO2-neutral cement technology and green hydrogen production. Despite financial challenges in its Steel Europe division and a modest revenue growth forecast, the company maintains a strong net cash position and is actively pursuing strategic growth opportunities in emerging markets. The company report delves into key areas such as financial performance, internal...

Simply Wall St. 5 months ago

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Thyssenkrupp: expert opinion gives positive view for steel business

DUESSELDORF, Germany (Reuters) -An expert opinion on the financial needs of Thyssenkrupp's crisis-hit steel division has given a positive view on its ability to continue as a going concern, the parent company said on Sunday. Thyssenkrupp said in a written response to a Reuters query that on the basis of the report, the parent company had made a financing commitment to secure the liquidity of the steel business for the next two years. "This means that there is now clarity regarding the financing situation of the steel division," said the company in its written response, confirming a report in Der Spiegel weekly.

Reuters 6 months ago

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Performance Overview

Return	TKR.VI	DAX P (^GDAXI)
YTD	+122.62%	+19.88%
1-Year	+92.83%	+29.03%
3-Year	+0.43%	+64.77%

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thyssenkrupp AG (TKR.VI)

Trump's New Tariff Hike Roils Global Steel Stocks

Thyssenkrupp putting 20,000 jobs at risk in overhaul, says union

Thyssenkrupp Plans to Become Holding Company of Independent Businesses

Iveco, Thyssenkrupp Aim to Cash in on European Defense Boom

Thyssenkrupp Shares Plunge on Expectations Miss

While institutions own 43% of thyssenkrupp AG (ETR:TKA), retail investors are its largest shareholders with 52% ownership

Thyssenkrupp steel unit, union reach general agreement on restructuring

Despite shrinking by €329m in the past week, thyssenkrupp (ETR:TKA) shareholders are still up 128% over 5 years

Thyssenkrupp ploughs ahead with spin-off of warship division

Thyssenkrupp plans 1,800 automotive job cuts – report

Thyssenkrupp Plans to Cut 1,800 Jobs at Weakened Auto Tech Unit

Thyssenkrupp to cut 1,800 jobs on automotive weakness

thyssenkrupp First Quarter 2025 Earnings: €0.08 loss per share (vs €0.50 loss in 1Q 2024)

Is There An Opportunity With thyssenkrupp AG's (ETR:TKA) 33% Undervaluation?

Thyssenkrupp raises cash flow outlook on defence division strength

Thyssenkrupp CEO predicts decisive year in company's transformation

German-Indian JV emerges as sole contender for $5 billion India submarine deal

thyssenkrupp's (ETR:TKA) Dividend Will Be €0.15

Thyssenkrupp (XTRA:TKA) faces hurdles in Steel Europe despite green tech and €4.4B net cash boost

Thyssenkrupp: expert opinion gives positive view for steel business

Performance Overview