Thyssenkrupp Stock: Steel Unit Sale Faces Setback

Thyssenkrupp's plans to restructure its steel operations hit a roadblock as negotiations to sell its 50% stake in Hüttenwerke Krupp Mannesmann (HKM) collapsed. The potential buyer, CE Capital Partners, withdrew from discussions, marking a significant obstacle in the company's strategic reorganization efforts. Despite this setback, Thyssenkrupp's stock demonstrated remarkable resilience, climbing more than 1.5% to €6.09 in XETRA trading. The company maintains its commitment to exploring alternative options for the steel facility, which currently employs approximately 3,000 workers, as it continues to seek viable solutions for the unit's future.

Financial Outlook

The stock's performance remains robust, trading well above its 52-week low of €2.77. While recent quarterly results showed a modest loss of €0.08 per share, this represents a substantial improvement from the previous year. Market analysts project positive developments for the company, forecasting earnings per share of €0.685 and a dividend distribution of €0.158 for fiscal year 2025, reflecting ongoing efforts to optimize the steel division and enhance overall corporate structure.

Ad

Fresh Thyssenkrupp information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

Source StockWorld