thyssenkrupp First Quarter 2024 Earnings: Misses Expectations

thyssenkrupp (ETR:TKA) First Quarter 2024 Results

Key Financial Results

• Revenue: €8.18b (down 9.3% from 1Q 2023).
• Net loss: €314.0m (down from €75.0m profit in 1Q 2023).
• €0.50 loss per share (down from €0.12 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

thyssenkrupp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe.

Performance of the market in Germany.

The company's shares are down 16% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for thyssenkrupp that you should be aware of before investing here.

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