Overview

• 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.