Thyssenkrupp Raises 2026 Profit Outlook as Steel and Materials Units Strengthen

Thyssenkrupp has raised the lower end of its 2026 profit forecast after stronger performance across its steel, marine and materials trading businesses, supported by cost reductions from its ongoing efficiency program.

The German industrial group now expects adjusted operating profit of between €600 million and €900 million for the year, up from its previous range of €500 million to €900 million. The revised Thyssenkrupp earnings outlook compares with a company-provided consensus estimate of €833 million.

Thyssenkrupp also narrowed its projected net loss to between €400 million and €700 million, compared with its earlier forecast of €400 million to €800 million. Annual group sales are now expected to decline between 1% and 3%, versus the previous guidance ranging from flat growth to a 3% decrease.

The improved forecast follows Thyssenkrupp shareholders’ approval of the spinoff of tk accelis, the company’s materials trading division and its largest business by sales. Under the plan, 49% of tk accelis will be spun off, while Thyssenkrupp will retain majority ownership.

The transaction received 99.99% shareholder approval and could result in a separate stock market listing by the end of October. The move forms part of Thyssenkrupp’s broader restructuring strategy after separate listings of its hydrogen and defense businesses.

Third-quarter sales reached €8.79 billion, exceeding expectations as the materials and steel divisions delivered stronger results. Adjusted operating profit climbed 18% year over year to €183 million, although it remained below the €207 million consensus estimate.

Order intake fell to €7.7 billion, reflecting unusually large Marine Systems order extensions recorded during the same period last year.

Thyssenkrupp reported third-quarter net income of €34 million, a sharp turnaround from a €255 million loss a year earlier. Results benefited from a €131 million positive accounting effect at Steel Europe linked to the sale of its stake in Hüttenwerke Krupp Mannesmann. Net income attributable after minority interests was €0 million, improving from a €278 million loss in the prior-year period.