Thyssenkrupp cuts sales outlook after steel and automotive weakness weigh on results

FRANKFURT, - German conglomerate Thyssenkrupp cut its 2026 sales outlook on Tuesday, citing lower demand at its steel and ‌automotive ⁠division in ⁠a sign of muted economic activity across Europe.

"We remain slightly cautious ... in respect of our ​sales forecast, not least because of heightened geopolitical uncertainties and their impacts on the international ​markets," finance chief Axel ⁠Hamann said ‌in a statement.

The company ​now expects ​sales to fall by ⁠up to 3% and to remain flat at ​best, having previously expected a ​range of -2% to +1%. Analysts in an LSEG poll expected sales to fall by 1%.


Thyssenkrupp, which is in the process of divesting all its divisions in ‌an attempt to turn into a holding structure, said demand for ​steel ​remained "persistently weak".

Thyssenkrupp's ⁠steel unit is in focus after talks to sell it to India's Jindal Steel International fell apart this month, the latest failed attempt to divest the business, highlighting the structural challenges around industrial activity in Europe.