en.Wedoany.com Reported - On August 13, German industrial group thyssenkrupp released its results for the third quarter of fiscal year 2025/2026. From April to June 2026, group sales increased by 8% year-on-year to €8.8 billion, with adjusted EBIT rising from €155 million in the same period last year to €183 million.
Order intake in the third quarter stood at €7.7 billion, down from €10.1 billion in the same period last year. The decline was mainly driven by the Marine Systems business, which had benefited in the prior-year period from an order extension for two submarines in Southeast Asia and a major service order from the German Navy. The Automotive Technology business saw order intake decline due to lower demand for vehicle components and the divestment of its core Automation Engineering business, while the Decarbon Technologies business was impacted by project delays in chemical engineering.
Materials Services, European Steel, and Marine Systems drove the group's sales growth. Among them, Materials Services benefited from higher volumes and prices in North American distribution and international trading; European Steel saw increased shipment volumes; and Marine Systems made progress in new shipbuilding projects and its marine electronics business. Improved earnings in European Steel, Materials Services, and Marine Systems offset some of the pressure in the Automotive Technology and Decarbon Technologies businesses.
The group's net income in the third quarter was €34 million, compared with a net loss of €255 million in the same period last year. This included an accounting gain of €131 million from the divestment of the stake in Hüttenwerke Krupp Mannesmann. Free cash flow before M&A improved from minus €227 million in the same period last year to minus €114 million. As of June 30, the group's total equity rose to €10.9 billion, with available liquidity reaching €5.3 billion.
thyssenkrupp narrowed its adjusted EBIT guidance for fiscal year 2025/2026 from €500 million to €900 million to €600 million to €900 million, and adjusted its net income guidance from a loss of €800 million to €400 million to a loss of €700 million to €400 million. Full-year sales are now expected to decline by 1% to 3% year-on-year, compared with the previous forecast of a decline of 0% to 3%; free cash flow before M&A is still expected to be between minus €600 million and minus €300 million.
The group's restructuring continues to progress. Shareholders have approved the carve-out of a minority stake in the Materials Services business tk accelis, which plans to list on the Frankfurt Stock Exchange within 2026; thyssenkrupp completed the sale of its HKM stake to Salzgitter in July. Marine Systems had an order backlog of more than €20 billion as of the end of June, while European Steel continues to advance the direct reduction iron project in Duisburg and preparations for business independence.
