Overview

• Third-quarter revenue fell 9% to €8.2 billion while order intake rose over 20% to €10.1 billion thanks to TKMS.
• The group recorded a third-quarter net loss of €255 million, widening from a €54 million deficit a year earlier.
• Thyssenkrupp cut its full-year revenue forecast to a decline of 5–7% and trimmed planned investments to €1.4–1.6 billion.
• Steel Europe’s adjusted EBIT plunged to €31 million with around €100 million in impairments weighing on results.
• Management is moving ahead with a spin-off of TKMS following shareholder approval while unions warn of potential job cuts.