EQS-Adhoc: thyssenkrupp AG: thyssenkrupp AG adjusts outlook for FY 2023/24

EQS-Ad-hoc: thyssenkrupp AG / Key word(s): Forecast/Annual Results thyssenkrupp AG: thyssenkrupp AG adjusts outlook for FY 2023/24 25-Jul-2024 / 19:46 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. thyssenkrupp AG adjusts outlook for FY 2023/24 Based on the preliminary results for the third quarter of the current fiscal year and the updated forecast for the full year, thyssenkrupp AG is adjusting its outlook for FY 2023/24. The main reason for this is the continued challenging market environment, which is leading to a significant decline in sales in the current financial year, among other things. The market is not expected to stabilize in the short term in the current fiscal year. The efficiency improvement measures introduced as part of the APEX performance program are successfully mitigating the negative developments of the market, but cannot fully compensate for these effects. thyssenkrupp AG expects the following results for the 2023/24 financial year: The Group now expects sales to decline by between 6-8 percent compared to the previous year. Previously, the Group expected sales to be below the previous year. For adjusted EBIT, the Group now expects a figure € > 500 million. Previously, the Group had expected a figure in the high three-digit million € range. The Group now expects free cash flow before M&A to be in the range of € -100 million. The Group had previously expected a decline to a positive figure in the low three-digit million euro range. All other figures will be updated and communicated as part of the third-quarter results scheduled for release on August 14. Contact: Andreas Trösch Head of Investor Relations T: [phone] Frank Grodzki Head of Communications T: [phone]   End of Inside Information 25-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	thyssenkrupp AG
	thyssenkrupp Allee 1
	45143 Essen
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.thyssenkrupp.com
ISIN:	DE0007500001
WKN:	750000
Indices:	MDAX
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1954583

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End of Announcement	EQS News Service

1954583  25-Jul-2024 CET/CEST