Two years after beginning the major transformation, the company’s Executive Board and segment management teams delivered a positive mid-term assessment at the virtual Capital Markets Day entitled ‘Transforming to Sustained Value Creation’.
In an upbeat forecast for the current fiscal year issued in November, Thyssenkrupp described how the efforts of recent years were having an increasingly positive impact on the company’s figures. Despite the challenges, the group aims to increase adjusted EBIT to between EUR 1.5 billion and EUR 1.8 billion and improve net income to more than EUR 1 billion, as the previous year’s net loss was EUR 25 million).
Martina Merz, CEO admits that “we are now also working on the next phase of our transformation, where we will refocus on the growth opportunities of our businesses” to which she adds that “we are getting Thyssenkrupp back on track, with competitive businesses that can make money and grow profitably. Despite the challenges of the coronavirus pandemic and ongoing supply chain issues, we are making good progress. The measures we have initiated are beginning to take effect and others are in the pipeline. We are now also working on the next phase of our transformation, in which we will refocus on the growth opportunities for our businesses.
We still have a lot to do in terms of improving our performance,” says CFO Klaus Keysberg. We will therefore continue to follow our chosen path.
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