thyssenkrupp AG

What is thyssenkrupp?

thyssenkrupp AG is a German industrial group formed by the 1999 merger of Thyssen and Krupp, headquartered in Essen. It produces steel, automotive components, materials services, marine systems, and decarbonization technologies, and is converting into a financial holding company under its ACES 2030 strategy.

Is thyssenkrupp publicly traded?

Yes. thyssenkrupp AG trades on XETRA and the Frankfurt Stock Exchange under ticker TKA and is an MDAX constituent. Its TKMS and nucera subsidiaries are also separately listed.

What is ACES 2030?

ACES 2030 is thyssenkrupp's transformation strategy announced in 2024. It converts the group into a financial holding company with stand-alone businesses open to third-party investment. The October 2025 Frankfurt listing of TKMS was its first completed milestone.

Does thyssenkrupp still own TKMS?

thyssenkrupp retains a 51% majority stake in TKMS AG & Co. KGaA following its October 20, 2025 Frankfurt listing. The remaining shares float, including a 10% stake held by the Alfried Krupp von Bohlen und Halbach Foundation.

What is thyssenkrupp's revenue?

Fiscal 2024/25 sales were 32.8 billion euros for the year ended September 30, 2025, with net income of 532 million euros and adjusted EBIT of 640 million euros.

Who owns thyssenkrupp?

The largest shareholder is the Alfried Krupp von Bohlen und Halbach Foundation at roughly 21%. The rest trades publicly, with institutional investors holding the majority of the free float.

How many employees does thyssenkrupp have?

Approximately 93,000 employees worldwide as of September 30, 2025, down from about 98,000 a year earlier as restructuring proceeds.

The Krupp name began with Friedrich Krupp's 1811 Essen steelworks, which grew into Europe's largest industrial company by the late 19th century, famous for cannons and steel. Thyssen began with August Thyssen's 1891 steel venture in Duisburg. Both firms were central to German industrialization, both were entangled with the Nazi war economy, and both rebuilt into civilian champions after 1945.

By the 1990s both were diversified but struggling conglomerates. The 1999 merger created thyssenkrupp AG, combining steel with elevators, automotive components, shipbuilding, and industrial services. The company traded on Frankfurt as a DAX blue chip and, for a time, was Germany's largest steelmaker with global reach.

The 2010s were punishing. The 2011 to 2012 Americas steel venture lost billions before its sale, the steel price cycle turned against European mills, and activist investors pressed for breakup. The decisive restructuring began in 2018: the elevators business sold to private equity for 17.2 billion euros in 2020, and CEO Miguel Lopez, who took over in 2023, accelerated the shift toward a holding structure.

Fiscal year 2024/25, ended September 30, 2025, showed the results: sales of 32.8 billion euros, adjusted EBIT of 640 million euros, net income of 532 million euros after several loss years, a 15% jump in order intake to 37.7 billion euros, and net cash of 4.9 billion euros. The TKMS listing that followed in October delivered the ACES 2030 strategy's first standalone company.

thyssenkrupp's sustainability story is dominated by steel decarbonization. The company is building a direct reduction plant at Duisburg to replace blast furnace production, part of a multi-billion euro transition funded partly by German government support, targeting CO2-reduced steel by the late 2020s.

The group publishes integrated sustainability reporting and holds science-based targets. The tension is structural: it is simultaneously one of Germany's largest industrial emitters and one of its largest decarbonization technology suppliers through nucera, Uhde, and its own steel transition.

Steel restructuring and job cuts: The Steel Realignment agreement in 2025 committed to reducing capacity and thousands of positions by 2030, negotiated with IG Metall amid protests. The transition is politically sensitive in the Ruhr region.

Historical cartel and corruption cases: Thyssen and Krupp's wartime history, and later antitrust matters including a rail track price-fixing case, form part of the company's legal record, episodes resolved under prior eras of governance.

Capital structure debates: Investors and politicians have periodically clashed over state aid for green steel, dividend policy, and the pace of the holding-company transition.