Thyssenkrupp Quarterly Report: Key Details

Thyssenkrupp, the German industrial company, is set to release its fiscal first-quarter results on Wednesday. Here's everything you need to know about it.

Sales Forecast

According to the Visible Alpha consensus, Thyssenkrupp is expected to report revenue of €8.63 billion ($9.30 billion) for the quarter, representing a 4.3% decrease compared to the first quarter of fiscal 2023.

Gross Profit Forecast

Visible Alpha projects that Thyssenkrupp will report a gross profit of €1.14 billion, which would be a 2.5% decline from the previous year's first quarter.

EBITDA Forecast

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) are anticipated to drop by 38.5% year-on-year to €294.8 million, as stated by Visible Alpha.

Over the past 12 months, Thyssenkrupp's Frankfurt-listed shares have witnessed a 20% decline as of the market's closure on Monday.

Key Points to Watch

Investors should keep an eye out for the following updates:

1. Guidance Update: Any revisions or updates to Thyssenkrupp's sales growth forecast for the fiscal year ending in September. This will shed light on the company's future performance.

2. Steel Business Joint Venture: Updates on a potential joint venture between Thyssenkrupp's steel business and energy company EPH, owned by Czech billionaire Daniel Kretinsky. Analysts at Morgan Stanley believe that this venture could prove beneficial for investors.

3. Price and Cost Dynamics: Information regarding price and cost dynamics for the year ahead will provide valuable insights to investors, according to Morgan Stanley.