Germany-based steelmaker Thyssenkrupp has announced its financial results for the first quarter ending March 31 of the financial year 2025-26.
In the given quarter, the company posted a net loss of €11 million, compared to a net profit of €167 million recorded in same quarter of the previous fiscal year, while its sales revenue amounted to €8.38 billion, decreasing by two percent year on year. In addition, thyssenkrupp’s EBITDA in the same quarter came to €245 million, compared €468 million recorded in the second quarter of the financial year 2024-25.
In the second quarter, order intake at the company’s steel division came to €2.73 billion, compared to €2.78 billion recorded in the same quarter of the previous financial year, while its sales moved down by 5.7 percent year on year to €2.49 billion. Also, the adjusted EBIT of the steel division was reported at €84 million, compared to adjusted EBIT loss of €23 million in the second quarter of the financial year 2024-25.
For the full fiscal year 2025-26, thyssenkrupp still expects a net profit of between €400-800 million.
The company stated it improved its operational performance in the second quarter of fiscal year 2025-26 despite what it described as a persistently challenging market environment. Moreover, its steel division was identified as the largest contributor to earnings improvement despite lower sales revenues, mainly due to reduced raw material and energy costs as well as the effects of restructuring measures on personnel expenses. Materials Services and Automotive Technology divisions also benefited from efficiency and cost-cutting programs.
Thyssenkrupp said that preparations continue for the sale of the HKM stake to Salzgitter, with completion targeted for June 1, 2026. It also noted that recently announced EU steel trade safeguard measures were helping improve competitive conditions for European steelmakers.