Thyssenkrupp cuts sales outlook, investments on weak global trade
ReutersAug 14, 2025 5:00 AM
FRANKFURT, Aug 14 (Reuters) - German conglomerate Thyssenkrupp TKAG.DE cut its 2025 investments and sales outlook on Thursday, blaming weak demand for its products as U.S. President Donald Trump's import tariffs disrupt global trade of autos, machines and building materials.
The company, with a broad portfolio that includes steelmaking and submarine production, now expects sales to fall 5-7% in the current fiscal year. It previously expected sales to drop by up to 3%.
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