ThyssenKrupp shares have reached a new 52-week high. According to Ad Hoc News, the increase reflects improved earnings, a higher full-year forecast and expectations surrounding the planned spin-off of materials distributor TK Accelis.
The shares have gained approximately 24 per cent in one month and recently traded at around €15.78. The increase since the beginning of the year amounts to about 63 per cent.
During the third quarter of the 2025/2026 financial year, ThyssenKrupp’s revenue rose by 8 per cent to €8.8 billion. Adjusted EBIT increased by 18 per cent to €183 million during the first 9 months of the financial year.
Full-year forecast raised
The group has raised its forecast for full-year adjusted EBIT to between €600 million and €900 million. Its expected net loss has meanwhile been narrowed to between €400 million and €700 million.
Shareholders have approved a plan to distribute 49 per cent of TK Accelis to existing ThyssenKrupp shareholders. The parent company will initially retain 51 per cent, but intends to reduce its holding to 30 percent over time. A listing in Frankfurt is planned before the end of 2026.
ThyssenKrupp is also continuing to restructure its steel operations and has agreed to sell its stake in the HKM steel joint venture to Salzgitter. Management is expected to provide further details about the future of Steel Europe at a capital markets day later in September.
Deutsche Bank has raised its price target for ThyssenKrupp shares to €18 and reiterated its buy recommendation, citing EU trade protection measures for the steel industry. However, the rapid increase also raises the prospect of profit-taking and greater share-price volatility.
Sources: Ad Hoc News and company information.
