ThyssenKrupp stock gains 2.08 percent as steel goals rise

Published on 10/03/2026 at 22:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ThyssenKrupp stock is priced at EUR 14.01 after the October 2 session, while Steel Europe targets EUR 1.2 billion in adjusted EBITDA. Deutsche Bank Research keeps an EUR 18 target.

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ThyssenKrupp stock (ISIN DE0007500001) gained 2.08 percent to EUR 14.01 on Xetra on October 2, 2026, after the company presented a medium-term profitability plan for Steel Europe. The steel business targets adjusted EBITDA of at least EUR 1.2 billion and an adjusted EBITDA margin of at least 11 percent, according to thyssenkrupp on September 28, 2026.

Steel sets a EUR 1.2 billion goal

The target is a major step above the EUR 0.4 billion adjusted EBITDA forecast for fiscal year 2026 cited by JPMorgan after the Capital Market Day. The bank kept its Neutral rating and EUR 15 price target on September 28, 2026, according to FinanzNachrichten.

ThyssenKrupp said self-help measures should contribute more than EUR 800 million to earnings improvement, while positive free cash flow is part of the medium-term ambition. The company also said more than 4,000 of approximately 11,000 planned workforce reductions had been implemented by September 28, 2026.

Quarterly figures show the gap

The latest reported quarter was stronger on revenue and adjusted EBIT. In Q3 of fiscal year 2025/2026, sales rose 8 percent year over year to EUR 8.8 billion, while adjusted EBIT increased from EUR 155 million to EUR 183 million, according to Yahoo Finance. For the first nine months, sales were EUR 24.4 billion, down 1 percent year over year, while adjusted EBIT reached EUR 591 million.

Management guided for full-year adjusted EBIT of EUR 600 million to EUR 900 million, compared with a previous range of EUR 500 million to EUR 900 million. The same call put free cash flow before M&A at EUR -600 million to EUR -300 million and net income at EUR -700 million to EUR -400 million.

Analyst targets diverge

Deutsche Bank Research kept its Buy rating and set an EUR 18 price target after the Steel Capital Market Day, citing the division as a central driver for the stock, according to FinanzNachrichten on September 29, 2026. The EUR 18 target is EUR 3.99 above the October 2 price, while JPMorgan's EUR 15 target is EUR 0.99 higher.

Stock remains below yearly high

ThyssenKrupp stock was last at EUR 14.01 on Xetra on October 2, 2026 at 5:37 p.m. CEST, with a session range of EUR 13.90 to EUR 14.37. Its 52-week range is EUR 7.12 to EUR 15.87, leaving the share EUR 1.86 below the high. Market capitalization stood at EUR 8.7 billion and volume reached 1,619,384 shares on the same date.