Thyssenkrupp reaffirmed its 2026 outlook across all performance indicators despite reporting a widened Q1 net loss of €353 million, missing analyst expectations of a profit. Sales fell 8% to €7.19 billion, order intake dropped, and restructuring costs weighed heavily, yet management remains confident in long-term recovery and strategic execution.
Outlook Reaffirmed: Thyssenkrupp confirmed its 2026 guidance for all performance indicators, signaling confidence in its restructuring and transformation strategy despite near-term challenges.
Earnings Performance:
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Adjusted EBIT: Rose to €211 million, showing operational resilience.
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Net Loss: Widened to €353 million, compared to analyst expectations of a €32 million profit (LSEG poll).
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EBIT Loss: Reported at €240 million, missing forecasts of €192 million profit.
Cash Flow & Orders:
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Free Cash Flow: Negative at €1.5 billion, reflecting heavy restructuring and investment.
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Order Intake: Declined to €7.68 billion, highlighting weaker demand.
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Sales Decline: Revenue fell 8% to €7.19 billion, below consensus estimates of €7.93 billion.
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Steel Division Impact: The company booked €401 million in restructuring expenses at its steel division, underscoring ongoing portfolio adjustments.
Why It Matters
Despite disappointing quarterly results, Thyssenkrupp’s reaffirmation of its 2026 outlook suggests management is focused on long-term stability. The restructuring of its steel division and cost-control measures are expected to gradually improve performance. Investors will closely watch execution in the coming quarters to validate this confidence.
Sources: Reuters, LSEG Poll Data, Thyssenkrupp Investor Relations