$TKA (-1,87 %)

Thyssenkrupp expects a high loss of EUR 400-800 million for the financial year 2025/26, caused by extensive provisions for the restructuring of the steel division. The market environment remains difficult; adjusted EBIT is only expected to reach EUR 500-900 million, which is at the lower end of the forecast range.

At the same time, the Group expects a decline in sales. The focus is also on new statements on the ongoing takeover talks with Jindal Steel regarding the steel division. The share reacted significantly weaker.

$DE000TKMS001 (-3,18 %)

The struggling industrial group Thyssenkrupp has successfully floated its submarine subsidiary TKMS on the stock exchange. The company produces these products.

The marine division of the crisis-ridden industrial group Thyssenkrupp, TKMS

$TKA (-1,87 %)

had a successful start on the Frankfurt Stock Exchange on Monday. The share price started at 60 euros and rose to almost 100 euros at times due to high demand. At times, the enterprise value of TKMS even exceeded that of the Thyssenkrupp parent company: while the value of all Thyssenkrupp shares fell below the 6 billion euro mark at times due to the spin-off, TKMS was valued at 6.2 billion euros at its peak.

The steel division with plants in Duisburg and elsewhere is to be sold. The Indian steel group Jindal recently expressed its interest. The trade unions had welcomed the takeover bid.

Thyssenkrupp, as the majority owner, would retain a stake in the success, TKMS explained. The head of Thyssenkrupp, Miguel López, explained that the IPO of TKMS was "also an important milestone in the Group's realignment to focus on its core business.

Monday rings the bell for ThyssenKrupp Marine Systems (TKMS) heralds a new era: The traditional submarine and warship builder launches as an independent company on the Frankfurt Stock Exchange. Investors will receive the share automatically - one TKMS share for every 20 ThyssenKrupp shares - and thus become part of one of the most exciting stock market debuts of the year.

With an order volume of 18.6 billion eurosprojects well into the 2040s and customers from Norway to Norway to Singapore TKMS is positioning itself as a beacon of hope for the German defense industry. The Group wants to position itself as the "Rheinmetall of the seas" supported by geopolitical tensions and rising defense budgets worldwide.

ThyssenKrupp retains 51% of the shares and thus control, while the rest is freely tradable. Analysts praise the company's strong market position, but warn that shipbuilding is not a quick business - approvals, international contracts and long construction times require patience.

Nevertheless, the environment could hardly be better. Europe is rearming, the demand for modern naval systems is growing - and TKMS is ready to sail in these waves.

$TKA (-1,87 %)
$DE000TKMS001 (-3,18 %)

Hello everyone, at $TKA (-1,87 %) the spin-off is coming up soon. I have had thyssenkrupp in my portfolio for some time and have been planning to sell it for some time. However, I would like to take part in the spin-off and then sell the parent company directly. Is there any way I can set this up automatically? I had already thought about setting a stop loss shortly before the spin off, which would then be triggered immediately. Is that possible?

$TKA (-1,87 %) What do you think - the start of a rally or will it end after the spin-off? Currently up 20%.

Bank of America (BofA) has put together a basket of stocks to list the winners of the German infrastructure package.

The basket contains 14 stocks that the US bank expects to benefit in particular.

• The German technology group Siemens
  $SIE (-0,88 %) (weighted at 10.3 percent, as of August 21)
• The French construction group Eiffage $FGR (-1,31 %) (9 percent)
• The German building materials manufacturer Heidelberg Materials
  $HEI (-1,13 %) (8.8 percent)
• The German energy technology group Siemens Energy $ENR (-3,96 %) (8.6 percent)
• The German truck manufacturer Daimler Truck
  $DTG (-0,23 %) (8.4 percent)
• The Italian building materials company Buzzi S.p.A.
  $BZU (-1 %) (7.9 percent)
• The Swiss cement group Holcim $HOLN (-0,04 %) (7.6 percent)
• The Swiss chemicals group Sika AG $SIKA (-0,32 %)
  
  (7.4 percent)
• The German forklift manufacturer Kion
  $KGX (-2,77 %) (6.7 percent)
• The French communications and energy company Spie $SPIE (-0,72 %) (6.4 percent)
• The German industrial group Thyssen-Krupp $TKA (-1,87 %) (6.4 percent)
• The German wind turbine manufacturer Nordex
  $NDX1 (-0,24 %) (4.6 percent)
• The Swedish steel group SSAB $SSAB A (-0,25 %)
  
  (4.1 percent)
• The German industrial services provider Bilfinger
  $GBF (-0,88 %) (4.0 percent)

Hopes for the infrastructure package have already caused the shares to rise significantly in some cases in recent months. Since the beginning of the year, the shares included in the basket have risen by around 47 percent. BofA has been offering the share basket to its major clients since the beginning of July.

Despite the jump in the prices of many infrastructure stocks in the first half of the year, BofA manager Klein is confident that the stocks in the basket will continue to rise. According to him, it now depends on when the investments really show up in the profits of the companies.

Oliver Schneider, portfolio advisor at US asset manager Wellington, says: "In the past six to nine months, investor interest in infrastructure stocks has grown rapidly." This is particularly true for European investors.

He cites two factors that he believes will drive infrastructure stocks worldwide in the future. Firstly, there is a great need to modernize infrastructure. Secondly, the demand for electricity is growing due to artificial intelligence. Schneider says: "This is a growth topic that will be with us for the next ten to 20 years."

Source: Text (excerpt) & graphic, Handelsblatt 01.09.25

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$TKA (-1,87 %) I held on to Siemens and unfortunately sold Siemens Energy too early at a loss...you know what happened to it.

With Thyssen I tend to sell beforehand and then only buy TKMS. The share price often falls below the ipo price in the short term. Any opinion on this?

Thyssenkrupp: CEO Miguel López receives new contract until 2031

Miguel López, the CEO of Thyssenkrupp $TKA (-1,87 %)has received a new contract until 2031. Under his leadership, the Group is planning a fundamental reorganization into a holding structure with five independent companies. This ambitious strategy promises a breath of fresh air, but also brings with it conflicts with employee representatives. Jürgen Kerner, the deputy head of IG Metall, has already announced that he will vote against the contract extension. Despite this resistance, Siegfried Russwurm, Chairman of the Supervisory Board, is optimistic and praises López for the progress he has made in the strategic realignment of the company over the last two years. The next few years could be decisive for the future of Thyssenkrupp as the CEO tries to reconcile the various interests.

Steel industry: ArcelorMittal halts plans for climate-friendly steel plants

In the USA, ArcelorMittal $MT (+2,02 %) has halted its plans for climate-friendly steel plants in Germany for the time being. The German government had provided billions in generous subsidies to support the industrial transformation, including the conversion of production processes to new energy sources. The plan was for ArcelorMittal to receive 1.3 billion euros in subsidies for the Bremen and Eisenhüttenstadt sites to build modern electric arc furnaces. These were to be operated with renewable electricity and use a higher proportion of recycled scrap. A direct reduction plant was also planned in Bremen, which would initially run on natural gas and, in the long term, on green hydrogen. The decision to shelve the plans for the time being is a setback for efforts to make steel production more sustainable and raises questions about the future of the industry.

Sources:

https://www.manager-magazin.de/unternehmen/industrie/thyssenkrupp-ceo-miguel-lopez-erhaelt-neuen-vertrag-bis-2031-a-1eeed719-74b2-493f-9cc1-c4a57465084e

https://www.manager-magazin.de/unternehmen/industrie/stahlindustrie-arcelormittal-stoppt-plaene-fuer-klimafreundliche-stahlwerke-a-421ccff2-2854-4b10-8da2-7ca91769c3d6