Thyssenkrupp reported a net profit of €1.2 billion for the fiscal year 2024, marking its first annual profit since 2021. The industrial conglomerate cited improved performance in its mobility and materials solutions segments, though it cautioned that macroeconomic headwinds and structural transformation efforts will persist.
- Thyssenkrupp posted a net profit of €1.2 billion for fiscal year 2024
- This marks the first annual profit since 2021, reversing a €1.8 billion loss in 2023
- EBITDA improved by 14% year-over-year, driven by mobility and materials solutions divisions
- Full-year 2025 EBITDA guidance adjusted to €1.0–1.3 billion, below expectations
- Stocks TKA.DE and THY.DE rose 3.1% and 2.7% respectively on results, but sentiment remains cautious
- Management cited continued challenges from steel market overcapacity and input cost pressures
Thyssenkrupp has returned to profitability, recording a net profit of €1.2 billion for the 2024 fiscal year, reversing a €1.8 billion loss in the prior year. The result reflects significant restructuring progress, particularly in its steel and automotive components divisions, which contributed to a 14% year-over-year improvement in EBITDA across the industrial machinery and metals portfolio. The improvement comes despite continued pressure in global steel markets, where demand remains subdued in key European and North American markets. Thyssenkrupp’s materials solutions business reported a 9% rise in revenue, driven by higher volumes in automotive and infrastructure projects, while its mobility division achieved a 22% increase in adjusted EBITDA, supported by demand for electric vehicle components. However, the company issued a cautionary outlook, highlighting ongoing challenges including elevated input costs, persistent overcapacity in the European steel sector, and delayed customer contract settlements. Management emphasized that full-year 2025 will likely see continued margin pressure, with full-year EBITDA guidance adjusted to €1.0–1.3 billion, below market expectations. The stock reaction was mixed: TKA.DE and THY.DE both rose 3.1% and 2.7% respectively in early trading, reflecting investor relief over the profitability turnaround. However, the forward-looking guidance tempered enthusiasm, particularly among long-term investors focused on sustainable structural change. Analysts note that the company’s path to consistent profitability hinges on the successful divestiture of non-core assets and deeper integration of digital manufacturing platforms.