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thyssenkrupp AG (TYEKF)

10.68

-0.79

(-6.89%)

At close: May 12 at 11:25:54 AM EDT

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. 4 days ago

TKAMY

TYEKF
-6.89%
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 5 days ago

TKA.DE
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. last month

TKAMY

TYEKF
-6.89%
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 last month

RNMBY

TKA.DE
Thyssenkrupp plans 1,800 automotive job cuts – report

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

Just Auto 2 months ago

TKA.DE
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

TKAMY

TYEKF
-6.89%
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

TKA.DE
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. 2 months ago

TKAMY

TYEKF
-6.89%
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. 2 months ago

TKAMY

TYEKF
-6.89%
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 2 months ago

TKA.DE
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 3 months ago

TKA.DE
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 3 months ago

TKAMY
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. 4 months ago

TKAMY

TYEKF
-6.89%
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

TKAMY

TYEKF
-6.89%
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 5 months ago

TKA.DE
Trending tickers: Alphabet, Super Micro, Trump Media, Imperial Brands and Mulberry

The latest investor updates on stocks that are trending on Tuesday.

Yahoo Finance UK 5 months ago

SONVF

SONVY

DJT
Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

ESSEN, Germany (Reuters) -Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's worsening outlook as weak demand and Asian competition weigh on German industry's ability to compete. The impairment, the second in as many years, drove the German conglomerate to an annual net loss of 1.5 billion euros. However, its shares jumped as much as 10% as analysts said the writedown could ease the sale of a stake in the troubled steel business while welcoming an unexpected positive cash flow at the group level.

Reuters 5 months ago

TKA.DE
Stocks to watch this week: Nvidia, Walmart, Imperial Brands, JD Sports and Royal Mail

Earnings preview of key companies reporting this week and what to look out for.

Yahoo Finance UK 5 months ago

GBPEUR=X

GBP=X

EUR=X
Fincantieri SpA (FNCNF) Q3 2024 Earnings Call Highlights: Strong Order Intake and Backlog ...

Fincantieri SpA (FNCNF) reports robust revenue growth and a significant increase in order intake, while navigating financial constraints and high leverage.

GuruFocus.com 5 months ago

TKA.DE
Individual investors account for 49% of thyssenkrupp AG's (ETR:TKA) ownership, while institutions account for 45%

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

Simply Wall St. 6 months ago

TKAMY

TYEKF
-6.89%

Performance Overview

Return	TYEKF	DAX P (^GDAXI)
YTD	+169.70%	+18.37%
1-Year	+92.43%	+25.54%
3-Year	+36.12%	+71.52%

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thyssenkrupp AG (TYEKF)

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

Trending tickers: Alphabet, Super Micro, Trump Media, Imperial Brands and Mulberry

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Stocks to watch this week: Nvidia, Walmart, Imperial Brands, JD Sports and Royal Mail

Fincantieri SpA (FNCNF) Q3 2024 Earnings Call Highlights: Strong Order Intake and Backlog ...

Individual investors account for 49% of thyssenkrupp AG's (ETR:TKA) ownership, while institutions account for 45%

Performance Overview