thyssenkrupp (ETR:TKA) said restructuring measures and cost controls helped lift second-quarter adjusted earnings despite weaker reported sales and a still-challenging demand environment, while management reaffirmed key full-year targets and pointed to potential upside from a…
anging European steel regulatory backdrop. On the company’s earnings call for the first half of fiscal 2025/2026, Chief Executive Officer Miguel Lopez said the group is seeing “a significant increase in performance despite continued market headwinds,” adding that restructuring benefits are becoming more visible across the business
Chief Financial Officer Dr. Axel Hamann said strict performance management and the company’s APEX measures helped more than offset lower sales in earnings terms. Adjusted EBIT rises as sales decline Hamann said second-quarter sales came in at EUR 8.4 billion, down 2% year over year.
For the first six months, sales declined 5%. Adjusted for currency effects, however, second-quarter sales rose 1%, while the six-month decline was 2%. Adjusted EBIT increased sharply to EUR 198 million in the quarter, up EUR 179 million from the prior-year period.