Q1 2026 thyssenkrupp AG Earnings Call Transcript

Feb 12, 2026 / 10:00AM GMT

Release Date Price: CHF10.07 (-3.45%)

Transcript

Key Points

Positve

thyssenkrupp AG (TKAMY) successfully spun off TKMS in October, creating significant value for shareholders.
The company is executing its ACES 2030 strategy to establish itself as a lean financial holding company.
thyssenkrupp AG (TKAMY) confirmed its group guidance for fiscal year '25, '26 despite challenging market conditions.
The company is making progress in its green transformation, with agreements like the one with Uniper and Uhde on ammonia cracking technology.
thyssenkrupp AG (TKAMY) has been recognized by the Carbon Disclosure Project for transparency and climate protection for the 10th consecutive year.

Negative

Sales decreased by 8% year-over-year to EUR7.2 billion, indicating top-line headwinds.
Net income was negative at minus EUR334 million, primarily due to restructuring expenses at Steel Europe.
Free cash flow before M&A was negative at minus EUR1.5 billion, reflecting a typical seasonal pattern.
The Decarbon Technologies segment faced a 19% decline in sales due to hesitant markets and project deferrals.
The company continues to face weak customer demand, particularly in Europe, affecting overall economic development.

Andreas Troesch

thyssenkrupp AG - Head - Investor Relations

Hello, everyone. This is Andreas Trosch from Investor Relations Thyssenkrupp. Also, on behalf of my entire team, I wish you a very warm welcome to our conference call on the first quarter results '25, '26. With me on the call are our CEO, Miguel Lopez; and our CFO, Axel Hamann.

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

And with that, I would like to hand over to our CEO, Miguel Lopez.

Miguel Borrego

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

Thank you, Andreas, and hello, everyone. Welcome to our first conference call in the current fiscal year. Let me start with an overview of our management priorities. First of all, portfolio. In terms of our

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...

30-Day 100% money back guarantee

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.