ThyssenKrupp stock falls 3.91 percent as steel targets rise

Published on 09/29/2026 at 15:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Steel Europe targets adjusted EBITDA of at least EUR 1.2 billion over the medium term. Q3 revenue rose 7.30 percent to EUR 8.8 billion.

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ThyssenKrupp stock (ISIN DE0007500001) was trading at EUR 14.75 at Lang & Schwarz on September 29, 2026 at 3:05 p.m. CEST, down 3.91 percent from the prior close of EUR 15.35. The decline followed a sharp reassessment of Steel Europe after its capital markets day, while analysts split between a Buy view and a Neutral rating.

Steel Europe targets EUR 1.2 billion

According to Investing.com on September 28, 2026, the steel division targets adjusted EBITDA of at least EUR 1.2 billion over the medium term. That compares with EUR 400.00 million expected for fiscal year 2025/2026, implying a 200.00 percent increase and a tripling of the starting level.

The same presentation set a medium-term adjusted EBITDA margin target above 11.00 percent and aims for positive free cash flow. Capacity reductions, workforce cuts and trade barriers for imported steel are central parts of the plan, making execution the decisive variable for the valuation.

Quarterly figures support the plan

ThyssenKrupp reported third-quarter fiscal 2025/2026 revenue of EUR 8.8 billion, up 7.30 percent year over year, while adjusted EBIT rose to EUR 183.00 million from EUR 155.00 million. Boerse Express reported these figures and the company guidance on September 11, 2026.

The full-year adjusted EBIT forecast stands at EUR 600.00 million to EUR 900.00 million for fiscal year 2025/2026, compared with a previous floor of EUR 500.00 million. Revenue is projected to decline 1.00 percent to 3.00 percent for the year, so the steel target must be weighed against uneven group demand.

Analysts disagree on valuation

MarketScreener reported on September 29, 2026 that Deutsche Bank Research maintained Buy and an EUR 18.00 price target after the Steel Europe event. The target is 22.03 percent above the Lang & Schwarz price of EUR 14.75.

Finanznachrichten reported on September 28, 2026 that JPMorgan maintained Neutral with an EUR 15.00 target. Its cited medium-term EBITDA goal of EUR 1.2 billion stands against EUR 400.00 million previously projected for fiscal year 2026.

Stock falls below EUR 15.00

ThyssenKrupp stock was trading at EUR 14.75 at Lang & Schwarz on September 29, 2026 at 3:05 p.m. CEST, down 3.91 percent versus the prior close of EUR 15.35. Market capitalization stood at EUR 9.2 billion, while the 52-week range was EUR 7.12 to EUR 15.87 as of September 29, 2026.