thyssenkrupp : FY 2023-24 earnings and FCF ahead, FY 2024-25 guidance looking broadly in line
>FY 2023-24 adj. EBIT and operational FCF better than expected - Thyssenkrupp’s FY 2023-24 group sales were down -7% y-o-y to € 35.0bn, which is in line with the company compiled consensus. The y-o-y sales decline is mainly attributable to weaker demand and lower prices at Materials Services and Steel Europe. Automotive Technology also saw a downward trend in the construction machinery business, in automotive assembly lines and in parts of the automotive OE business. ...ThyssenKrupp is the parent company of the ThyssenKrupp Group. Co. has six business areas: Components Technology, which provides components for the automotive and machinery sectors; Elevator Technology, which supplies passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts; Industrial Solutions, which comprises the System Engineering and Marine Systems units; Materials Services, which focuses on materials distribution and technical services; Steel Europe, which develops, produces and markets flat carbon steel in the European market; and Steel Americas, which produces, processes and markets steel products in North and South America.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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