Thyssenkrupp is navigating a challenging market environment, reporting a 7% decline in sales to €35.0 billion for the fiscal year 2023/2024. Despite these difficulties, the company achieved a positive free cash flow before mergers and acquisitions, amounting to €110 million. The adjusted EBIT stood at €567 million, within the forecast range.
CEO Miguel López highlighted the company’s progress in its transformation efforts, emphasizing the expansion of the APEX performance program to mitigate negative market effects. The company aims to achieve a sustainably positive free cash flow and value addition in the long term.
Looking ahead, Thyssenkrupp forecasts an adjusted EBIT between €600 million and €1 billion, with free cash flow before M&A expected to range between €(400) million and €(200) million. Net income is projected to be between €100 million and €500 million. The company plans to propose a dividend of €0.15 per share for the fiscal year 2023/2024 at the upcoming Annual General Meeting.
