Thyssenkrupp lowered its full-year sales and profit guidance, citing the adverse impact of global trade tensions on its businesses, including steel, automotive, and materials distribution. The German group now expects sales to decline by 5%–7%, steeper than its earlier forecast of up to a 3% drop. Adjusted operating profit is projected at the low end of the previously indicated €600 million to €1 billion range, while free cash flow guidance remains unchanged. Shares fell about 8.6% on the news, though they remain significantly higher year-to-date on optimism about the company’s defense-related marine systems division. Thyssenkrupp said it is progressing with a transition toward a holding company structure and is pursuing a partial flotation of its marine unit. It has agreed with unions on measures to reduce steel labor costs and is in talks for Czech investor Daniel KĹ™etĂnskĂ˝ to lift his stake in the steel arm from 20% to 50%. The company reported a €1.7 billion sales decline over the first nine months of the fiscal year, reflecting weaker demand and pricing across key end markets.
