German industrial conglomerate thyssenkrupp reported a sharp decline in attributable net profit for the second quarter on Tuesday amid weaker sales, while adjusted earnings before interest and taxes (EBIT) and order intake increased compared with the previous year.
Looking ahead to fiscal 2026, the company continues to expect a net loss in a range of €400 million ($470 million) to €800 million, and adjusted EBIT of €500 million to €900 million.
The sales forecast has been adjusted by one percentage point to between a drop of 3% and flat compared with the prior year, while the previous view was between a drop of 2% and up 1%.
The company said the revision primarily results from delayed revenue recognition at Decarbon Technologies and a changed product mix at Steel Europe.
In the second quarter, thyssenkrupp posted a net loss after tax of €11 million, compared to a profit of €167 million last year.
Net profit attributable to shareholders plunged to €1 million from last year's €155 million. The company reported breakeven per share, compared to a profit of €0.25 a year ago.
The drop in results was mainly due to the absence of the post-tax profit of around €270 million resulting from the sale of thyssenkrupp Electrical Steel India in the prior-year quarter.
EBIT fell 65% from last year to €65 million. Adjusted EBIT improved to €198 million from the prior year's €19 million, due to significant operational progress. All segments except Decarbon Technologies recorded improved earnings.
Adjusted EBIT margin was 2.4%, up from 0.2% last year.
Sales, meanwhile, declined 2% to €8.38 billion from last year's €8.58 billion, due to price and demand factors. There were declines in particular at Steel Europe due to lower prices and at Automotive Technology due to fewer customer call-offs.
Order intake was 32% higher at €10.64 billion from €8.08 billion a year ago, mainly due to major orders at Marine Systems.
