Thyssenkrupp slashes guidance as Q3 order intake sinks
By Benjamin Chiou
Date: Thursday 14 Aug 2025
(Sharecast News) - Shares in Thyssenkrupp dropped 9% in Frankfurt on Thursday after the German industrial engineering giant slashed its sales and investment forecasts, citing a "persistently challenging market environment".
The company, which has been affected by increasing competition from China and the impact of Donald Trump's trade tariffs on demand, said that it has had to make "demand- and price-induced adjustments to the sales forecasts for Automotive Technology, Materials Services and Steel Europe".
As a result, sales over the fiscal year ending 30 September are now expected to fall by 5-7%, compared with previous guidance of a decrease of up to 3%.
As a result, full-year adjusted EBIT is predicted to be at the lower end of the €0.6bn-1.0bn guidance range, while the company is taking a "more restrictive approach" to planned investments, cutting its spending forecasts to €1.4bn-1.6bn from €1.6bn-1.8bn previously.
"Our forecast reflects the persistently challenging market conditions," said chief financial officer Axel Hamann.
"Despite this backdrop, we are confident of achieving our primary target of a positive free cash flow before M&A in the current fiscal year. At the same time, the systematic implementation of structural measures to improve efficiency and cut costs in all segments will remain of central importance."
The outlook came alongside the firm's third-quarter results, in which it reported a 21% drop in order intake to €10.1bn, driven by a weak performance from its Marine Systems division.
Sales fell to €8.2bn from €9.0bn the year before due to price and demand factors, the company said, while adjusted EBIT improved to €155m from €149m.
The stock was down 8.8% at €8.87 just before the close of play.
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