Thyssenkrupp Set to Report Q1 Results: What to Expect
Thyssenkrupp, the renowned German industrial company, is gearing up to announce its fiscal first-quarter results on Wednesday. With a revenue projection of 8.63 billion euros, a 4.3% drop compared to the same quarter the previous year, analysts have been closely watching the company’s performance. The Visible Alpha consensus suggests that Thyssenkrupp may report a gross profit of EUR1.14 billion, indicating a 2.5% decline from the previous first quarter.
However, the most significant concern lies in the projected earnings before interest, taxes, depreciation, and amortization (EBITDA) figures. Analysts anticipate a substantial 38.5% year-on-year decrease, plummeting the EBITDA to EUR294.8 million, according to Visible Alpha.
The challenging market conditions have directly impacted Thyssenkrupp’s stock performance, with Frankfurt-listed shares witnessing a downward trend of 20% over the past 12 months, as of Monday’s market close.
In addition to the financial results, investors are eagerly anticipating any updates on the company’s guidance for the fiscal year ending in September. Thyssenkrupp’s forecast in November emphasized a promising return to sales growth, making it an important aspect to consider.
Furthermore, investors are keen on hearing about the potential joint venture between Thyssenkrupp’s steel business and energy firm EPH, owned by Czech billionaire Daniel Kretinsky. Divestment efforts from the steel division have faced repeated failures in previous years, making this partnership a focal point for shareholders.
Lastly, insights into this year’s price and cost dynamics would provide valuable information to investors, enabling them to gauge the company’s competitiveness and profitability in the market.
Thyssenkrupp’s Q1 report is expected to shed light on these crucial areas, providing investors with the necessary updates on its financial performance as well as the potential growth prospects ahead.
Analyst comment
Neutral news. Thyssenkrupp is expected to report a decline in revenue and profit in Q1 due to challenging market conditions. The significant concern lies in the projected decrease in EBITDA figures. Investors are also anticipating updates on the company’s guidance and potential joint venture. The report will provide important insights into the company’s financial performance and growth prospects in the market. Market impact: Uncertain, as investors wait for more information.
