Overview

• BaFin-approved prospectus confirms a Prime Standard listing in Frankfurt, with trading scheduled to start on 20 October.
• Thyssenkrupp shareholders will receive 49% of TKMS’s 63.52 million shares at a 20-for-1 ratio, with allocation slated for 17 October.
• Thyssenkrupp will retain a 51% strategic majority via a new holding structure, and the Krupp-Stiftung is set to own around 10% of TKMS.
• TKMS plans to distribute 30–50% of net profit as dividends starting in fiscal 2025/26, with no payout for the prior year.
• The prospectus highlights a record €18.6 billion order backlog, nine-month revenue of €1.59 billion and net profit of €75.2 million, and targets a mid-term EBIT margin above 7% with roughly 10% annual revenue growth.