Thyssenkrupp AG Sponsored ADR (TKAMY)
Thyssenkrupp steel unit, union reach general agreement on restructuring
Thyssenkrupp's steel unit said on Wednesday that it has reached an agreement in principle with the IG Metall union around the planned restructuring of Germany's largest steel maker, adding its aim was to avoid forced layoffs.
Salzgitter says future of steel joint venture with Thyssenkrupp is uncertain
German steel producer Salzgitter said on Friday it was too early to tell if its HKM joint venture with Thyssenkrupp and Vallourec would be closed, after a potential buyer dropped out in February.
CEO of ThyssenKrupp's warship division says attainable market could triple as defense spending surges
CEO Oliver Burkhard said reforms to Germany's "debt brake" shows that "when it comes to the defense budget, there is more or less no limit anymore." ThyssenKrupp Marine Systems, or TKMS, is the warship division for German industrial engineering conglomerate ThyssenKrupp, and manufactures naval vessels and submarines.
Thyssenkrupp ploughs ahead with spin-off of warship division
Thyssenkrupp is moving ahead with a planned spin-off of a minority stake in its warship division, the group said on Friday, adding the newly created holding would be listed on the Frankfurt stock exchange.
Thyssenkrupp to cut 1,800 jobs on automotive weakness
Thyssenkrupp plans to slash around 1,800 jobs due to the prolonged weakness in the car sector it supplies, the German conglomerate said on Thursday, becoming the latest player in the automotive industry to cut staff.
ThyssenKrupp: Why Profit Taking Is Possible Here
Despite even the 2025 challenges for the company and the steel macro, I maintain a positive rating on thyssenkrupp due to its solid fundamentals and restructuring progress. However, the recent 1Q25 results saw the company surge over 80-100% compared to my December 2024 article. For that reason, i am maintaining a Long-term "Buy" for the business. But at the same time, profit rotation is possible, and I believe investors do well to at least consider the short-term taking of profits as of this time.
Thyssenkrupp says Kretinsky's 20% holding in steel unit is reversible
Thyssenkrupp's CEO said on Friday that the purchase of 20% in the German industrial group's steel business by a holding of Czech billionaire Daniel Kretinsky can be reversed if talks over a deeper collaboration fail.
Thyssenkrupp CEO predicts decisive year in company's transformation
The CEO of German industrial group Thyssenkrupp said on Monday that 2025 would be a decisive year for the group's ongoing transformation.
Thyssenkrupp says several firms interested in marine division
Several companies have expressed an interest in a possible partnership with Thyssenkrupp's TKMS marine division, a company spokesperson said on Thursday after a newspaper reported German engine maker Deutz wanted to take it over.
Thyssenkrupp says pursuing spin-off for marine division
Thyssenkrupp is pursuing a spin-off as the main option for divesting its defence business, a spokesperson said on Tuesday after a German newspaper reported several suitors had made offers for the unit.
Thyssenkrupp Nucera prepared for any US shift on green hydrogen
Thyssenkrupp Nucera , which makes electrolysers that are needed to produce low-carbon hydrogen, said on Tuesday it could quickly shift resources elsewhere if U.S. policies under President-elect Donald Trump proved negative for the sector.
thyssenKrupp: I Believe The Bottom Is In
Despite recent challenges in the steel industry, I maintain a positive rating on thyssenKrupp due to its solid fundamentals and restructuring progress. thyssenKrupp's strong balance sheet, with net cash of €4.4B and no significant debt, supports its potential for future growth and reliable dividends. The company's ongoing transformation and strategic focus on specialized steel services and engineering offer significant long-term upside, despite short-term volatility.
