Thyssenkrupp's Financial Downturn

In a startling turn of events, Thyssenkrupp AG witnessed its shares plummet by over 8% this Thursday. This dramatic drop comes in the wake of the company revising its full fiscal year outlook downwards, citing weak demand exacerbated by US President Donald Trump's tariffs on global markets.

Revised Sales Projections

The industrial giant now anticipates a sales decline of 5% to 7% for the year ending September 30, a significant adjustment from its earlier forecast of a 3% decrease. This revision underscores the growing challenges faced by the company in the current economic climate.

Third-Quarter Earnings Report Highlights

Adding to the company's woes, the third-quarter earnings report revealed a deepening net loss of €278 million, with sales experiencing a 9% annual decline, totaling $8.2 billion. These figures paint a bleak picture of Thyssenkrupp's financial health amidst ongoing market uncertainties.

By 9:39 am CET, Thyssenkrupp's stock had fallen by 8.27%, trading at €8.922 per share, marking a significant setback for the company.