Thyssenkrupp Faces Continued Losses in Challenging Market

The industrial giant reports a €1.5 billion loss due to struggles in its steel division and weak demand across key sectors.

Thyssenkrupp's steel division incurred a €1 billion impairment, contributing significantly to the overall annual loss.
The company experienced a 7% decline in total sales, with notable drops in the automotive and construction sectors.
Despite financial challenges, Thyssenkrupp plans to maintain a stable dividend and aims to return to profitability next year.
Efforts to restructure and potentially spin off the steel and marine systems divisions are ongoing, with talks of a joint venture in the steel unit.
Thyssenkrupp's CEO, Miguel Lopez, emphasizes the need for strategic decisions to navigate the ongoing economic difficulties.