Press Teaser Slider (06_07)

In its interim reporting for the 1st quarter of 2021/2022, thyssenkrupp AG issued the forecast that it was expecting adjusted EBIT in a range of €1.5 to 1.8 billion, net income of at least €1 billion and free cash flow before M&A at around break-even in fiscal year 2021/2022.

Although the group’s sales in Russia and Ukraine are negligible at significantly less than one percent of total sales, the Executive Board estimates that the group’s business performance will be impacted by the far-reaching macroeconomic and geopolitical consequences of the war in Ukraine.

At the present time, the specific extent of the direct and indirect consequences of the war in Ukraine on the business development of thyssenkrupp is associated with high uncertainties. Against this background – in particular due to rising raw material prices – thyssenkrupp AG suspends its forecast for free cash flow before M&A for fiscal year 2021/2022.

Until the start of the war, business development of thyssenkrupp AG in the first quarter and in the current second quarter of the fiscal year was according to plan. In March, initial negative effects occurred primarily in the steel and automotive supply businesses. At the present time, the Executive Board continues to assume that adjusted EBIT for the second quarter will still be above the previous quarter. Free cash flow before M&A, on the other hand, will be impacted more strongly than previously expected by negative price effects.

The economic consequences of the war in Ukraine for the group’s business development are also influencing the possible stand-alone solution for the steel business. thyssenkrupp AG remains convinced that the independent positioning of the steel business offers very good prospects for the future. Nevertheless, a statement on the feasibility is at present not possible due to the current economic conditions.

thyssenkrupp nucera has joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative to drive business awareness and action supporting of achieving the Sustainable Development Goals (SDGs) by 2030. With this step, thyssenkrupp nucera commits to actively supporting the UNGC Ten Principles of human and labor rights, environmental protection and the fight against corruption by submitting the annual Communication on Progress that describes the company’s efforts to implement the Ten Principles of the UNGC.

“Coming from a traditional chemical plant engineering business, we are now in the pole position with first mega-projects on the way to decarbonize traditional industries,” says Denis Krude, CEO of thyssenkrupp nucera. “We also want to take on responsibility outside our business context. Joining the UNGC signatories is our first important step in alignment with our values to meet fundamental responsibilities because we all need to act upon a universal understanding of sustainability, science-based targets and standardized frameworks.”

Sustainability is of critical importance to thyssenkrupp nucera, with a vision to support customers in their decarbonization goals through the engineering, procurement, and fabrication of green hydrogen solutions. The company is focused on contributing to the SDGs where it believes to have a noticeable impact, in particular in the areas of: affordable and clean energy (SDG 7), decent work and economic growth (SDG 8), industry, innovation and infrastructure (SDG 9), sustainable cities and communities (SDG 11), and partnerships (SDG 17). On the way to implementing strategic targets towards its own climate neutrality, the company develops and undertakes holistic sustainability activities focused on reducing emissions produced throughout the entire lifecycle of its products, from development and production to recycling. Additionally, thyssenkrupp nucera has committed to calculating and reporting their own greenhouse gas emissions, ensuring employee health and safety in their operations, utilizing responsible procurement practices across the entire supplier network and enforcing strong governance standards, including diversity, transparency and accountability.

With embedding sustainability data collection, reporting methods and performance measurements in its business processes, thyssenkrupp nucera’s sustainability roadmap will bridge the company’s already existing world-class decarbonization technology with a sustainable business setup.

thyssenkrupp Materials Services has acquired the data analysis and data science company Westphalia DataLab GmbH with effect from December 05, 2022. With the purchase, the largest mill-independent materials distributor and service provider in the western world expects to strengthen its expertise in digital supply chain services and accelerate the development of concrete solutions.  

As part of its "Materials as a Service" strategic development, thyssenkrupp Materials Services is investing in new digital business models, particularly in supply chain services. "The potential for digital solutions to make supply chains more resilient and reduce CO₂ emissions is huge. Against the background of the dynamic market environment, we are focusing on innovations here and opening up new business areas," says Ilse Henne, Chief Transformation Officer of thyssenkrupp Materials Services.

thyssenkrupp Uhde and ADNOC have signed a memorandum of understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean energy value chains. The MoU was signed on January 16, 2023, at Abu Dhabi Sustainability Week (ADSW), and the agreement will focus on a joint project development of large-scale ammonia cracking, which is used to extract hydrogen from ammonia after transportation. The ammonia cracking process is based on globally proven uhde® reformer technology, which is applied in over 130 large-scale chemical plants across the world.

Under the agreement, the companies will work together to develop projects for large-scale ammonia cracking plants with thyssenkrupp technology. The agreement will also lead to the exploration of opportunities in the clean energy value chain for the supply and shipment of clean ammonia from the UAE to large-scale ammonia cracking facilities globally.

Musabbeh Al Kaabi, Executive Director, Low Carbon Solutions and International Growth Directorate, ADNOC: “ADNOC’s fast-growing hydrogen business is enabled by the UAE’s abundant and competitive energy reserves. We are committed to strengthening our position as a reliable supplier of lower carbon-intensive energy, creating new revenue streams and growing the global market for hydrogen. In doing so, we will work with like-minded partners, such as thyssenkrupp to deliver tangible solutions that contribute to the decarbonization of the energy sector.”

Martina Merz, CEO thyssenkrupp AG: “At thyssenkrupp we actively contribute to all dimensions of the green transformation. Together with ADNOC, we will take an important step towards large-scale ammonia cracking, thus enabling the global supply chain for green hydrogen. The competencies of thyssenkrupp Uhde therefore are an important cornerstone. A perfect example how partnerships can accelerate the transition, and a perfect example for thyssenkrupp technology at the heart of the green transformation.”

Dr. Cord Landsmann, CEO thyssenkrupp Uhde: “Countries in Europe, along with many others, depend on green hydrogen imports to decarbonize industry and society. Clean ammonia is the best way to transport hydrogen by ship, and together with ADNOC, we will deliver the last piece of the puzzle for global green hydrogen trade at large scale.”

Stefan Wenzel, State Secretary at the German Federal Ministry for Economic Affairs and Climate Action highlighted: “We very much support the agreement between ADNOC and thyssenkrupp Uhde in the framework of the Emirati-German Energy Partnership. The development of large scale ammonia crackers is an important milestone for the run-up of the global hydrogen economy and we are very pleased that thyssenkrupp Uhde’s contributes with German cutting-edge technology.”

• With passenger volumes rising approximately 15 percent in the last year, Kotoka International Airport’s new Terminal 3 in Accra, Ghana has been equipped with state-of-the-art boarding bridges
• The company has already provided mobility solutions at 14 other airports across Africa
• Terminal 3 also boasts thyssenkrupp elevators, escalators and auxiliary equipment for ground power and pre-conditioned air