Thyssenkrupp: positive free cash flow for the past year

(CercleFinance.com) - On Tuesday, thyssenkrupp was the biggest riser on the STOXX Europe 600 index, having managed to post a positive free cash flow for the past fiscal year, against all expectations.


The German industrial conglomerate reported a 7% decline in sales to some E35bn in 2023/2024 fiscal year, which ended in September.

The group also reported "solid" adjusted EBIT of E567m, in line with the annual targets it set itself.

CEO Miguel Lopez described the company's performance as "respectable", given the "very difficult" market conditions prevailing at the time.

Better still, thyssenkrupp managed to generate positive cash flow before mergers and acquisitions (M&A) for the year, to the tune of 110 million euros, whereas this was expected to be in the red.

For its new fiscal year 2024/2025, which began in October, the Group anticipates an adjusted Ebit of between 600 million and one billion euros, for a negative free cash flow before M&A of between -E400m and -E200m.

Its annual net profit is nevertheless expected between E100m and E500m.

Following all these announcements, the share jumped over 9% on the Frankfurt Stock Exchange today.


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