ThyssenKrupp sets steel target and ThyssenKrupp stock gains 1.38 percent

Published on 10/06/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan keeps a EUR 15.00 target and Neutral on September 28, 2026. ThyssenKrupp stock costs EUR 13.94 on October 6, 2026 versus EUR 13.75.

Aquarellbild der Ruhrgebiet-Skyline mit Industrie und Fluss — thyssenkrupp AG (DE0007500001): Aquarellmalerei der Essener Skyline mit Fördertürmen entlang eines ruhigen Flusses, Illustration mit AI erstellt.

ThyssenKrupp stock (ISIN DE0007500001) was trading at EUR 13.94 at Lang & Schwarz on October 6, 2026 at 10:05 a.m. CEST, up 1.38 percent versus the prior close of EUR 13.75. The company set a medium-term target of at least EUR 1.2 billion in adjusted EBITDA for its steel division at a Capital Market Day on September 28, 2026. The target gives the stock a fresh operating benchmark, although management did not specify a target year.

Steel target raises the earnings bar

According to thyssenkrupp on September 28, 2026, the steel division also targets an adjusted EBITDA margin of at least 11.00 percent and positive free cash flow. Self-help measures are expected to contribute more than EUR 800.00 million to earnings, with more than half of those measures contractually agreed or already being implemented.

The scale of the ambition is clear in the comparison with the division's adjusted EBITDA of EUR 384.00 million in fiscal year 2024/25. Reuters reported on September 28, 2026 that the medium-term target is more than three times that historical result, while the company is pursuing a restructuring program covering up to 11,000 jobs.

Quarterly figures support the reset

The latest reported group figures add operating substance to the strategy. In the third quarter of fiscal year 2025/26, revenue rose 7.30 percent to EUR 8.80 billion and adjusted EBIT increased from EUR 155.00 million to EUR 183.00 million, according to Boerse Express in its September 11, 2026 report on the August 13, 2026 results.

The forecast for full-year fiscal 2025/26 adjusted EBIT was raised to a range of EUR 600.00 million to EUR 900.00 million from a prior lower bound of EUR 500.00 million. That range and the steel division's longer-term ambition point to a company picture that depends on execution, cost reductions and improved steel-market conditions rather than on a single quarter.

Analyst target remains above price

FinanzNachrichten reported on September 28, 2026 that JPMorgan kept ThyssenKrupp at Neutral with a EUR 15.00 price target after the steel Capital Market Day. Against the EUR 13.94 Lang & Schwarz price, that target stands EUR 1.06 higher, while the analyst's comparison used a medium-term adjusted EBITDA expectation of EUR 1.20 billion versus EUR 400.00 million for fiscal year 2025/26.

ThyssenKrupp stock and the next signal

ThyssenKrupp stock was trading at EUR 13.94 at Lang & Schwarz on October 6, 2026 at 10:05 a.m. CEST, plus 1.38 percent versus the Lang & Schwarz prior close of EUR 13.75 on October 5, 2026. The 52-week range is EUR 7.12 to EUR 15.87, and market capitalization is EUR 8.7 billion as of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of ThyssenKrupp stock.