Thyssenkrupp plans Materials Services IPO, BofA stays positive on the shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-29, 09:29.

Thyssenkrupp (DE0007500001) remains on analysts' radar as the German industrial group prepares the stock market listing of its Materials Services division. Bank of America maintains a Buy rating and points to the restructuring potential, while the shares trade in the MDAX on Xetra.

What BofA highlights

According to MarketScreener summaries, Bank of America reiterated its Buy recommendation for Thyssenkrupp on June 26, 2026, ahead of the planned IPO of the Materials Services segment. The US bank sees value in separating the distribution and services activities from the rest of the group and expects a clearer equity story for investors.

The Materials Services business includes global materials distribution, supply chain services and industrial services, which Thyssenkrupp has been preparing for a separate listing for several quarters. The bank's stance comes after Thyssenkrupp confirmed plans to bring the unit to the market, underlining management's focus on portfolio streamlining.

Analyst consensus and MDAX role

Data from MarketScreener show that Thyssenkrupp is covered by several houses with a mixed but generally constructive view. Alongside Bank of America, AlphaValue/Baader Europe updated its model in mid-June 2026, reflecting the ongoing restructuring and the announced Materials Services spin-off. The stock is a member of the MDAX and also part of the Stoxx Europe 600, anchoring it in the German mid-cap universe and European indices.

On Marketscreener, Thyssenkrupp's shares recently traded around the 10.50 euro mark on Xetra, with a modest year-to-date decline and noticeable volatility over the past five trading days. The company's exposure to steel, automotive components and industrial solutions makes it a cyclical play, often compared to peers such as Salzgitter and ArcelorMittal in the European steel and materials sector.

How Thyssenkrupp earns its money

Thyssenkrupp generates revenue across several segments, with steel production, automotive components and industrial solutions at its core. The Materials Services division, now prepared for an IPO, handles global materials trading and services for industrial customers, while the Marine Systems unit focuses on naval shipbuilding including submarines and frigates.

Where the shares trade today

The Thyssenkrupp shares (DE0007500001) last traded at around 10.50 euros on Xetra as of 2026-06-26, 22:44, according to Marketscreener. The stock continues to reflect cyclical sector dynamics and investors' view on the planned Materials Services listing.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell Thyssenkrupp shares or any other securities.