Q4 2024 thyssenkrupp AG Earnings Call Transcript

Nov 19, 2024 / 11:00 AM GMT

Transcript

Key Points

Positve

thyssenkrupp AG (TKAMY) achieved its adjusted guidance on sales, EBIT, and free cash flow despite a challenging environment.
The company reported positive free cash flow for the second consecutive year, amounting to EUR 110 million.
thyssenkrupp AG (TKAMY) has a strong balance sheet with a net cash position of EUR 4.4 billion, slightly up from the previous year.
A dividend payment of 15 cents per share has been proposed, maintaining dividend continuity.
The company made significant progress in its decarbonization technologies segment, with a 12% growth in sales driven by a strong order book.

Negative

The steel Europe segment faced significant challenges, with further impairments booked at a magnitude of EUR 800 million in Q4.
Muted demand across industries, particularly in the automotive sector, which is the largest customer group, impacted performance.
Cash flows within project and shipbuilding businesses remain volatile, making forecasting challenging.
The company had to book one-time costs of EUR 80 million for past legacy projects in its cement plant engineering business.
Free cash flow before M&A is projected to be negative in the range of EUR 100 to EUR 200 million due to significant restructuring activities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TKAG.DE - Thyssenkrupp AG
Q4 2024 thyssenkrupp AG Earnings Call
Nov 19, 2024 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone. This is Andreas from investor relations. Also on behalf of my entire team, I wish you a very warm welcome to our conference call on the full year results. 2,324 of Tousson with me in the room are our CEO Miguel Lopez and our CFO Jan Schulte and also my colleagues from the IR team before I hand over to the CEO and co 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 analysts. This time, we use teams for the call.

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