ThyssenKrupp delivered mixed financial results for FY 24/25, with adjusted EBIT increasing 72% year-over-year to €640 million despite a 6% decline in sales to €32.8 billion. Net income surged ...

Earlier this week, thyssenkrupp completed the spinoff of its naval-defense business, TKMS, with shares starting public trading at €60, valuing TKMS at approximately US$4.44 billion and reaching as ...

Submarine- and warship-maker TKMS, previously known as Thyssenkrupp Marine Systems, saw its share price jump from around 60 euros ($70) to close at over 80 in Frankfurt, giving the firm a valuation of ...

Thyssenkrupp is in intensive talks with Jindal Steel International over the Indian group's interest in its steel business, the German conglomerate's CEO said, calling it "good cooperation" but ...

Thyssenkrupp’s TKA-1.19%decrease; red down pointing triangle naval-defense business will start trading on the German stock exchange next week as the industrial company looks to cash in on a European ...

KIEL, Germany (Reuters) -Thyssenkrupp plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on ...

Thyssenkrupp aims to cut 11,000 jobs in its steel division, which is 40 percent of the current total of 27,000 jobs. Germany’s largest steel company announced this on Monday, leaving steelworkers on ...

Thyssenkrupp AG’s steel unit plans to reduce its labor force by about 40% this decade, a move that would shrink a business that’s lost billions of euros to a global steel glut and rising energy prices ...

Thyssenkrupp (OTCPK:TYEKF) (OTCPK:TKAMY) +1.8% in Frankfurt trading Monday after announcing plans to eliminate or outsource ~11K jobs, or ~40%, from its workforce during the next decade, a move that ...

The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force. By Melissa Eddy ...

thyssenkrupp AG has burned through the better part of the proceeds from the sale of TK Elevator in a mere four years. thyssenkrupp Steel Europe AG still faces the same, if not greater, challenges ...

Mr. Smith is the founder and executive director of the Center for Building in North America. My mission to understand the American elevator began in 2021 when I came down with a crippling postviral ...