Investor Relations Presentation
IC
Top line and earnings impacted by weaker wind demand in China and seasonality
Order intake [€ mn]
Bearings (BG)
Comments YoY
Dissolved from
FY 23/24 onwards
Investment highlights (BG)
# 1 supplier of mission-critical components slewing
bearings
Attractive end markets, especially high-growth
wind energy sector
Leading expertise & technology bringing value to
our customers
(27)%
764
690
560
•
BG
FT
Ol: good demand for industry applications cannot
compensate ongoing weaker wind demand (mainly
China)
2
Sales [€ mn]
(13)%
Sales: industry applications (e.g. exploration and
cranes and lifting) as well as wind business in
Germany and Europe cannot fully outweigh weaker
wind demand in China
3
4 |
Leveraging proven strengths to grow and drive
profitability
754
695
657
BG
FT
EBIT adj. [€ mn; %]
EBITDA
adj.
96
86
8.5%
8.1%
83
7.2%
64
(16)
57
.
Ongoing competition (wind China) and increased
factor costs not entirely compensated by efficiency
measures and change in sales mix
Forged Technologies (FT)
Ol: Cont. good demand for trucks; industry and
car components (Europe) restrained and impacted
by seasonality; support by cost pass-through and
+ve FX effects
Investment highlights (FT)
1||
Global footprint and unique machine park drive
competitive advantage
2 Synergies (auto and undercarriage) support further
3
operational and commercial improvements
Strong ICE position underpins product portfolio
transformation
47
.
Sales follow order intake
4
Proven performance-oriented mind-set
• Weaker demand not entirely compensated by
continued cost-cutting measures
Q4 21/22
Q3 22/23
Q4 22/23
43 thyssenkrupp AG | Investor Relations | December 2023View entire presentation