Thyssenkrupp cuts sales & investment forecasts due to tariff impact
Views : 137
Update time : 2025-08-19 16:07:57
German conglomerate Thyssenkrupp reduced its full-year sales and investment outlook, citing weaker demand as US President Donald Trump’s import tariffs disrupted global trade in autos, machinery, and building materials.
Trade disputes had a significant impact on our quarter and also left some skid marks in macroeconomic terms, Chief Financial Officer Axel Hamann told reporters, adding that many customers are adopting a cautious stance.
Thyssenkrupp now expects sales to decline 5% to 7% in the fiscal year ending September 30, compared with a previous forecast of a drop by up to 3%. Investment plans were lowered to between EUR1.4 billion and EUR1.6 billion, down from EUR1.6-1.8 billion.
