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Thyssenkrupp AG: Navigating Challenging Market

Thyssenkrupp AG reports Q1 results amidst a challenging market but maintains full-year guidance, focusing on portfolio simplification and green technologies. Sales and adjusted EBIT decreased, but strong order backlog and potential high-margin sales growth are positive indicators. The company remains confident in repaying debt and improving EBIT and free cash flow. Share buybacks are considered but not prioritized.

by Mark Eisenberg
Fri, Feb 16, 2024 12:12am
in Business
• 2 mins read
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Thyssenkrupp AG: Navigating Challenging Market | FinOracle

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Thyssenkrupp AG Reports Q1 Results and Maintains Full-Year Guidance Despite Challenging Market

German multinational conglomerate thyssenkrupp AG recently announced its first-quarter results for the fiscal year 2023/2024. Despite facing a challenging market, the company remains confident in its full-year guidance. CEO Miguel Lopez and CFO Klaus Keysberg highlighted thyssenkrupp's commitment to simplifying its portfolio, improving performance, and advancing green technologies.

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