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Thyssenkrupp cuts sales outlook, investment budget on weak global trade
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Thyssenkrupp cuts sales outlook, investment budget on weak global trade
Aug 13, 2025 10:52 PM

FRANKFURT, Aug 14 (Reuters) - German conglomerate

Thyssenkrupp cut its full-year outlook for investments

and sales on Thursday, blaming weak demand for its products as

U.S. President Donald Trump's import tariffs disrupt global

trade of autos, machines and building materials.

The company, with a broad portfolio that includes

steelmaking and submarine production, now expects sales to fall

5%-7% during its fiscal year until September 30. It previously

expected sales to drop by up to 3%.

Adjusted earnings before interest and tax are now forecast

to be at the lower end of the 0.6 billion to 1 billion euros

($0.7 billion to $1.2 billion) guidance range, the company said.

In its fiscal third quarter from April to June, adjusted

EBIT rose 4% to 155 million euros, missing the 174 million

average estimate in an analyst poll that was provided by the

group.

"The past quarter was characterized by enormous

macroeconomic uncertainty," Thyssenkrupp CEO Miguel Lopez said.

"We are very much feeling the weak market environment in

key customer industries such as the automotive, engineering and

construction industries."

($1 = 0.8544 euros)

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