Capital Market Day in London, September 28, 2026: As part of its realignment, thyssenkrupp Steel is building on a strong foundation, a clear strategy, and concrete medium-term goals for greater profitability and competitiveness. From left to right: Andreas Trösch, Head of Investor Relations at thyssenkrupp AG; Dr. Marco Richrath, COO of thyssenkrupp Steel; Philipp Conze, CFO of thyssenkrupp Steel; Dr. Marie Jaroni, CEO of thyssenkrupp Steel; Miguel López, CEO of thyssenkrupp AG
A strong foundation: Leading market positions in attractive premium segments, no. 1 in flat steel1 in Germany and no. 2 in Europe2, state-of-the-art production network and broad customer base
A clear strategy and measurable progress: Transform 30+ aims to achieve a sustainable increase in profitability and competitiveness; key milestones have already been reached.
Attractive medium-term ambition: At least €1.2 billion in adjusted EBITDA, an adjusted EBITDA margin of at least 11 percent, and positive free cash flow; more than €800 million in earnings improvement from self-help measures.
At a Capital Market Day held today, thyssenkrupp Steel provided an update on the company's restructuring, and presented its strategy and medium-term ambition. The company is aiming to increase its profitability significantly, further expand its leading positions in attractive premium segments, and sustainably strengthen its competitiveness.
The separation of thyssenkrupp Steel Europe, with thyssenkrupp AG potentially retaining a minority stake, remains the stated strategic objective.
Marie Jaroni
CEO of thyssenkrupp Steel
thyssenkrupp Steel operates Europe's largest integrated steel production site and serves more than 900 customers through eight processing sites. The production network is located at the heart of the European industry: approximately 40 percent of our European value creation3 and 70 percent of our customers are based within a radius of about 500 km from our Duisburg location.
Nearly two-thirds of thyssenkrupp Steel's product portfolio consists of high-value premium grades. The company thus combines a high-value premium portfolio with a state-of-the-art production network. Thanks to extensive and strategic investments, thyssenkrupp Steel now possesses a high-performance and technologically advanced platform for high-quality steel applications. With strong positions in attractive premium segments, an exceptionally broad customer base, and a clear focus on "value over volume", thyssenkrupp Steel is strongly positioned to benefit from long-term trends such as the expansion of energy infrastructure or sustainable mobility.
Marco Richrath
COO of thyssenkrupp Steel
Demand in the end markets relevant to thyssenkrupp Steel is stable overall. At the same time, the European steel market is gaining significant momentum as a result of the trade protection measures that have been in effect since July 2026. More than 80 percent of the European flat steel market is now covered by the new quota and tariff regulations, which are contributing to greater market stability and a supportive pricing environment. Combined with thyssenkrupp Steel's strong position in attractive premium segments, this is significantly improving the basis for profitable development and sustainably enhancing competitiveness and profitability.
Key milestones achieved, clear medium-term ambition definedthyssenkrupp Steel has reached significant milestones in its restructuring over recent months. The conclusion of the collective restructuring agreement at the end of 2025 laid the groundwork for restructuring and the sustainable improvement of competitiveness. Around 4,000 of the approximately 11,000 planned workforce reductions have already been implemented. In addition, the separation from Hüttenwerke Krupp Mannesmann (HKM) was completed in the summer of 2026. Together with the cost-efficiency program launched in 2024, these steps have created the key conditions for sustainably improving the company's profitability.
thyssenkrupp Steel presented its medium-term ambition at the Capital Market Day. The company is targeting an adjusted EBITDA of at least €1.2 billion, with an adjusted EBITDA margin of at least 11 percent, as well as a positive free cash flow. The majority of the expected improvement in earnings is set to come from self-help measures that are within thyssenkrupp Steel's control. Overall, these measures are expected to generate an EBITDA contribution of more than €800 million. More than half of these measures have already been contractually agreed upon and are currently being implemented.
Philipp Conze
CFO of thyssenkrupp Steel
1 Based on market shares for shipments to the EU in 2024
2 Based on market shares for shipments to the EU in 2024
3 Refers to manufacturing GDP in the EU
This press release contains "forward-looking statements". Such statements often contain terms such as "expect," "assume," "believe," "intend," "estimate," "plan," "project," "aim to," or similar terms. Forward-looking statements are any statements that do not constitute historical facts, including statements regarding the financial position of thyssenkrupp AG's Steel segment, as well as the management's business strategy, plans, and goals for future business activities. By their very nature, such statements involve known and unknown risks, uncertainties, and other material factors that could cause the company's actual results, business development, or performance to differ materially from what was expressly or implicitly assumed. Forward-looking statements are valid only as of the date of this press release. Neither the company and its affiliates, nor their respective representatives, employees, or advisors, assume any obligation to update or revise the forward-looking statements contained in this press release.
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