Reported about 7 hours ago
Thyssenkrupp has upgraded its free cash flow outlook after securing 1 billion euros in advance payments for a significant submarine order from the German military. This reflects the strength of its warship division, which is set for divestment, amid increased military spending by governments. The company expects free cash flow for 2025 to range from 0 to 300 million euros, an improvement from its previous negative forecast. However, Thyssenkrupp has lowered its overall sales outlook due to ongoing market challenges.
Source: YAHOO