thyssenkrupp
Note: This is a daily stock update and the information stands true as of 26/11/24, 09:00 CET.
Company Update:
Expert Opinion:
There is indeed some upside potential of the company does achieve to massively cut production and lower costs as expected. However, I believe that the turnaround will be significantly more difficult than expected. I would stay away for the time being until we have more visibility on the timing and clear actions of the restructuring.
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Company Update:
Thyssenkrupp is planning to significantly reduce costs. The company will drop production from 11mt to the 8.7mt-9.0mt range.
They will close the processing site of Kteutzal-Eichen and will cut 5k positions in production and administration. Another 6k jobs are to be transferred to external service providers or shed through the sake of smaller businesses.
The question of HKM remains open. They wish to dispose of their stake in HKM but it is unclear who could buy their stake.
Expert Opinion:
There is indeed some upside potential of the company does achieve to massively cut production and lower costs as expected. However, I believe that the turnaround will be significantly more difficult than expected. I would stay away for the time being until we have more visibility on the timing and clear actions of the restructuring.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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Alphavalue Morning Market Tip
Solid start of 2025 with signs of recovery in key markets.