THYSSENKRUPP AG Charts on Q2 FY 2020/21 Facts & Figures
Ticker: TKA (Share) TKAMY (ADR)
May 2021
thyssenkrupp's performance reflects strong operational progress and turnaround
+10% | +0% | |||||||||
Order intake | 15,0 | 16,5 | Sales | 15,9 | 15,9 | |||||
[€ bn] | 8,6 | [€ bn] | Q2 | 8,2 | 8,6 | |||||
Q2 | 7,6 | |||||||||
+10% | +17% | |||||||||
Q1 | 7,4 | 7,8 | Q1 | 7,6 | 7,3 | |||||
Strong demand recovery; sig. uplift in Materials and Auto/Trucks related components | ||||||||||
+0.8 bn | 32 | |||||||||
EBIT adj. | FCF bef. M&A | (0.7) bn | ||||||||
298 | Q2 | (367) | ||||||||
[€ mn] | [€ mn] | |||||||||
220 | (750) | |||||||||
+0.1 bn | ||||||||||
78 | ||||||||||
Q1 | (2.407) | |||||||||
Q2 | (279) | |||||||||
(718) | ||||||||||
Q1 | (185) | (2,774) | +2.1 bn | |||||||
(465) | ||||||||||
H1 19/20 | H1 20/21 | H1 19/20 | H1 20/21 | |||||||
Higher prices; better utilization; structural improvements; strong customer demand requires NWC build-up | ||||||||||
Q1 | Q2 | Q1 | Q2 | |||||||
2 | | thyssenkrupp AG l May 2021 | FY 19/20 | FY 20/21 | |||||||
Dynamic market (auto and materials) tailwinds + effective restructuring drive performance turnaround
- EBIT adj. at €220 mn (QoQ: +€142 mn; YoY: +€499 mn) - all segments up (except MS) and +ve (except MT)
Q2
Performance
YoY | +97 | +46 | +83 | +228 | -1 | +20 | +26 |
47 | 2 | 80 | |||||
75 | 48 | ||||||
97 | |||||||
126 | |||||||
78 | |||||||
Q1 | MX | IC | AT | SE | MS | MT | HQ & Cons. |
FY 20/21
+499
298
220 Q2
78 | Q1 |
H1
FY 20/21
FY Outlook
raised
- FCF bef. M&A at €(750) mn (QoQ: €(782) mn; YoY: €(383) mn) - higher EBIT adj. offset by NWC build-up(~€700 mn) and Invest above D/A by ~€140 mn
- EBIT adj., significant uplift: in mid 3-digit € mn range (vs. prior FY €(1.8 bn)); all segments up and +ve (except MT)
- FCF bef. M&A, guidance confirmed: towards €(1) bn (vs. prior FY €(5.5 bn)); higher EBIT adj. offset by temporary higher spending for NWC (market related), Invest, restructuring (H2 > H1)
3 | thyssenkrupp AG l May 2021
Order intake significantly up yoy
[€ mn]
2019/20 | 2020/21 | |||||
Q2 | Q1 | Q2 | yoy | yoy (ex FX)1 | ||
Materials Services (MX) | 2,845 | 2,482 | 3,096 | 9% | 12% | |
Industrial Components (IC) | 589 | 662 | 656 | 11% | 17% | |
Automotive Technology (AT) | 1,065 | 1,183 | 1,158 | 9% | 12% | |
Steel Europe (SE) | 2,165 | 2,408 | 2,437 | 13% | 13% | |
Marine Systems (MS) | 133 | 258 | 405 | ++ | ++ | |
Multi Tracks (MT) | 1,268 | 1,425 | 1,360 | 7% | 10% | |
Corporate Headquarters (HQ) | (0) | 2 | 0 | ++ | ++ | |
Reconciliation | (507) | (574) | (468) | - | - | |
Group continuing operations | 7,559 | 7,845 | 8,646 | 14% | 17% | |
Disc. elevator operations | 1,983 | 0 | 0 | -- | -- | |
Full Group | 9,542 | 7,845 | 8,646 | (9%) | 14% |
Note: Prior year adjusted for new organizational structure as of 01.10.2020 1. Adjusted for F/X and portfolio changes
Q2 yoy
MX: Higher prices for carbon and stainless steel; direct-to-customer business significant higher
IC: Sig. up due to ongoing positive order situation at bearings for wind energy and also in industrial applications as well as further strong demand recovery across all regions and product groups at Forged Technologies
AT: Sig. up yoy at steering, camshafts and dampers as well as Automotive Body Solutions with ongoing support from good demand in China; impact from supply chain shortages (semiconductor products)
SE: Higher volumes and prices in particular at Auto customers; lower demand at Industry
MS: Significantly better yoy due to a Submarine order from Italian Navy, which became effective; in addition smaller orders in Surface Vessels, Marine Electronics and Services.
MT: Up yoy despite challenging markets due to pandemic driven by ongoing good demand for stainless steel and also by increasing demand at plant engineering and Automation Engineering; lower orders for HP due to planned closure
4 | thyssenkrupp AG l May 2021
Sales
[€ mn]
2019/20 | 2020/21 | |||||
Q2 | Q1 | Q2 | yoy | yoy (ex FX)1 | ||
Materials Services (MX) | 2,975 | 2,368 | 2,888 | (3%) | 0% | |
Industrial Components (IC) | 573 | 621 | 626 | 9% | 14% | |
Automotive Technology (AT) | 1,101 | 1,215 | 1,167 | 6% | 9% | |
Steel Europe (SE) | 2,078 | 1,917 | 2,238 | 8% | 8% | |
Marine Systems (MS) | 424 | 364 | 689 | 63% | 63% | |
Multi Tracks (MT) | 1,495 | 1,200 | 1,422 | (5%) | (3%) | |
Corporate Headquarters (HQ) | 1 | 5 | 5 | ++ | ++ | |
Reconciliation | (401) | (370) | (457) | - | - | |
Group continuing operations | 8,247 | 7,321 | 8,577 | 4% | 6% | |
Disc. elevator operations | 1,861 | 0 | 0 | -- | -- | |
Full Group | 10,108 | 7,321 | 8,577 | (15%) | 5% |
Note: Prior year adjusted for new organizational structure as of 01.10.2020
- Adjusted for F/X and portfolio changes
- | thyssenkrupp AG l May 2021
Q2 yoy
MX: Higher prices for carbon and stainless steel, partly offset by lower warehousing shipments due to materials shortages of main products
IC: Sig. increase driven by both business units: bearings (mainly wind energy in China) and Forged Technologies (supported by ongoing strong recovery)
AT: Sales mirror order intake; increase at automotive
original equipment business vs. decrease at Automotive Body Solutions
SE: Higher shipments and better product mix with sig. higher auto demand above prior year
MS: Significantly higher yoy mainly due to delivery of Frigate F125 for German Navy
MT: Slightly down yoy since better volumes in Stainless business cannot completely compensate decrease at plant engineering due to lower order activity in the past and concentration on more attractive markets
Um den Rest dieser Noodl zu lesen, rufen Sie bitte die Originalversion auf, und zwar hier.
Attachments
- Original document
- Permalink
Disclaimer
ThyssenKrupp AG published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 05:11:03 UTC.
