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Germany's Thyssenkrupp Cuts Targets as US Tariffs Weigh
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27 Articles
FOX 28 Spokane
Free Malaysia Today NewsGermany’s Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp's shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US President Donald Trump's tariff onslaught. The group, whose products range from steel to car parts and submarines, said it now expects sales to fall by five to seven percent in the current fiscal year. This
Watauga Democrat
Germany's Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp's shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US President Donald Trump's tariff onslaught.
German industrial conglomerate Thyssenkrupp said on Thursday that its sales fell in the third quarter of the 2024/25 financial year and its loss widened. The group, whose products range from steel to car parts and submarines, also cut its full-year sales forecast due to weak demand and US President Donald Trump's tariffs. The report comes from AFP and RTTNews. The conglomerate's net loss widened to 278 million euros in the three months to the en…
The crisis is a constant companion of Thyssenkrupp: After weak quarterly figures, the Group collects its annual forecast. The only bright light is the marine division TKMSThe crisis-ridden industrial group Thyssenkrupp has reduced its sales forecast for the full year after losses in the quarter and wants to invest less. In the third quarter of the financial year 2024/25 (as at the end of September), the company ended up with a deficit of EUR 255…
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