Q2 2026 thyssenkrupp AG Earnings Call Transcript

May 12, 2026 / 09:00 AM GMT

Release Date Price: CHF9.96

Transcript

Key Points

Positve

thyssenkrupp AG (TKAMY) achieved a significant increase in performance despite market headwinds, with restructuring measures strengthening operational resilience.
The company confirmed its outlook for the full fiscal year '25-'26, indicating confidence in its financial performance.
The European Resilience Alliance was launched, aiming to advance Europe's industrial decarbonization and resilience.
Steel Europe is set to supply CO2-reduced blue mint steel to BMW from 2026, marking progress in green transformation efforts.
Material Services showed a significant earnings increase, supported by a favorable market environment, especially in North America.

Negative

Sales declined by 2% year-over-year in the second quarter, with a six-month drop of 5%, indicating ongoing market challenges.
Net income was slightly negative in the second quarter, with a six-month figure of minus EUR345 million, reflecting restructuring expenses.
Free cash flow before M&A was negative, with a six-month figure of minus EUR1.8 billion, highlighting cash flow challenges.
Demand remained weak across most customer groups and regions, contributing to an uncertain economic outlook.
The steel segment continues to face challenges, with ongoing restructuring efforts and market pressures affecting performance.

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

TKAG.DE - Thyssenkrupp AG
Q2 2026 thyssenkrupp AG Earnings Call
May 12, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone this is Andreas Trosch from Investor Relations also on behalf of my entire team I wish you a very warm welcome to our conference call on the first half year results 2,526 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. We use Microsoft Teams for the call in order to ask a question. You have to push to raise your hand icon,

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