Steel Europe targets EUR 1.2 billion EBITDA as ThyssenKrupp stock falls 1.44 percent

Published on 10/01/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 8.00 percent to EUR 8.8 billion in the third quarter. ThyssenKrupp stock is EUR 14.33 on October 1, 2026 after EUR 14.54, minus 1.44 percent.

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ThyssenKrupp (ISIN DE0007500001) stock was trading at EUR 14.33 at Lang & Schwarz on October 1, 2026 at 11:34 a.m. CEST, minus 1.44 percent versus the prior close of EUR 14.54. On September 28, Reuters reported that Steel Europe was targeting adjusted EBITDA of at least EUR 1.2 billion in the medium term, compared with EUR 400.0 million for fiscal 2026.

Steel targets reshape the valuation

The steel division also set a medium-term margin target above 11.00 percent, compared with more than 4.00 percent in fiscal 2026, according to Reuters on September 28, 2026. The plan includes cutting or outsourcing 11,000 jobs and reducing annual production capacity to 8.7 million to 9.0 million metric tons from 11.0 million metric tons.

The target is strategically important because ThyssenKrupp is reorganizing the group around a leaner holding structure and preparing businesses for greater independence. Steel Europe is therefore being assessed not only as a cyclical operation but also as a potential standalone asset.

Quarterly figures show operational gains

In the third quarter of fiscal 2025-2026, revenue rose 8.00 percent year on year to EUR 8.8 billion, while adjusted EBIT increased from EUR 155.0 million to EUR 183.0 million. The figures and the updated outlook were presented in the earnings call carried by Yahoo Finance.

For the full fiscal year, adjusted EBIT guidance stands at EUR 600.0 million to EUR 900.0 million, compared with the previous range of EUR 500.0 million to EUR 900.0 million. The contrast is clear: earnings expectations improved, while group sales guidance points to a decline of 1.00 percent to 3.00 percent from the prior year.

Analyst targets remain divided

FinanzNachrichten reported on September 29, 2026 that Deutsche Bank Research maintained a Buy rating and an EUR 18.00 price target. The same report says the bank viewed the detailed Steel Europe update as an important reason for its stance.

JPMorgan kept a Neutral rating and an EUR 15.00 target after the steel capital markets day, according to FinanzNachrichten on September 28, 2026. The split between EUR 15.00 and EUR 18.00 targets highlights the market's uncertainty over how quickly the steel restructuring can translate into durable cash earnings.

Stock remains below its yearly high

At EUR 14.33, the Lang & Schwarz price stood 9.70 percent below the 52-week high of EUR 15.87 and 101.26 percent above the 52-week low of EUR 7.12, both as of October 1, 2026. Market capitalization was EUR 8.9 billion at the same date, giving the operational targets a direct valuation context.

The further course of trading is shown by the continuously updated real-time quote of ThyssenKrupp stock.