thyssenkrupp

Speculation about purchase interest from Japan in TK Elevator’s European business supported thyssenkrupp’s stock; it rose as much as 2.66 percent to €14.08. Bloomberg reports that Mitsubishi Electric and Fujitec could be interested, and the European business is estimated to be worth around €5 billion. TK Elevator is said to be sold by Advent and Cinven to Kone, with a separate sale of the European business potentially alleviating competition concerns; thyssenkrupp still holds a stake. » More on finanzen.net

Steel Europe is to achieve an adjusted EBITDA of at least €1.2 billion in the medium term; operational restructuring and efficiency measures are expected to contribute more than €800 million toward the target. More than half of the measures are already contractually agreed and around 4,000 of roughly 11,000 jobs have been cut; the separation of Hüttenwerke Krupp Mannesmann is complete. Initial improvements appeared in the third quarter of 2025/26, but a sustainably rising cash flow remains decisive to enable independent financing and value creation for Thyssenkrupp shareholders. » More on deraktionaer.de

As part of a realignment of the Automotive Technology division, 160 to 180 positions will be cut at the Essen and Ennepetal sites. Primarily affected are roles in development and engineering as well as operational control and quality management; tasks are to be shifted to international competence centers and capacities adjusted. Shock absorber production in Ennepetal remains unaffected, the new organizational structure is to start on January 1, 2027; the stock briefly traded at €14.57 on XETRA. » More on finanzen.net