Q3 2026 thyssenkrupp AG Earnings Call Transcript

Aug 13, 2026 / 09:00AM GMT

Release Date Price: €12.48

Transcript

Key Points

Positve

Group sales up 8% year-on-year in Q3, showing promising momentum.
EBIT adjusted improved to EUR183 million in Q3, driven by restructuring benefits.
tk accelis spinoff on track with strong standalone equity story and increased midterm targets.
Steel Europe EBIT adjusted more than doubled year-to-date, supported by restructuring and lower raw material costs.
Marine Systems (TKMS) continues to build a strong foundation with an order backlog exceeding EUR20 billion.

Negative

Group sales guidance lowered for the full year due to limited macroeconomic visibility.
Automotive Technology segment faces soft demand, with EBIT adjusted declining in Q3.
Decarbon Technologies suffers from hesitant project environment and project-related additional costs.
Free cash flow before M&A remains negative at minus EUR1.9 billion for the nine-month period.
Uncertainty from energy prices, Rhine River levels, and upcoming maintenance at Steel Europe adds caution to Q4 outlook.

Andreas Troesch

thyssenkrupp AG - Head - Investor Relations

Hello everyone, this is Andreas Troesch from Investor Relations. Also, on behalf of my entire team, I wish you a very warm welcome to our conference call on the nine-month results '25-'26. With me in the room are our CEO, Miguel Lopez; and our CFO, Dr. Axel Hamann, and also my colleagues from the IR team.

Before I hand over to the CEO and CFO for their presentations, some housekeeping. All the documents, as usual for this call, are available in the IR section on the website. The call will be recorded and the replay will be available shortly after the call. After the presentations, there will be the usual Q&A session for our analysts. (Operator Instructions)

With that, I would like to hand over to our CEO, Miguel Lopez Borrego.

Miguel Borrego

thyssenkrupp AG - Chief Executive Officer, Member of the Executive Board

Thank you, Andreas, and hello everyone. Welcome to our Q3 conference call. The key message for Q3 is clear. Execution continues to move forward even against the still

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.