Thyssenkrupp approves €93M dividend despite looming €800M loss and union backlash
Thyssenkrupp has approved a €93 million dividend payout for shareholders, despite facing major financial challenges. The decision has sparked protests from employees and criticism from the IG Metall union, who called it a 'disastrous signal' for the company's future.
Shareholders voted in favour of a €0.15 per share dividend for the 2024/2025 fiscal year, amounting to roughly €93 million. The move comes as the company braces for a net loss of €400–800 million in 2025/2026, largely due to restructuring costs in its struggling steel division.
Employees staged demonstrations against the payout, with the IG Metall union condemning it as 'eroding the company's core'. Meanwhile, Thyssenkrupp continues negotiations with Jindal Steel International over the potential sale of its steel unit, Thyssenkrupp Steel Europe. The division remains a key challenge, with plans to reduce production capacity to between 8.7 and 9 million tons of shipped steel.
The company has reaffirmed its long-term restructuring strategy under the 'ACES 2030' model, pointing to the successful IPO of its marine shipyard subsidiary, TKMS, as a positive step. TKMS shares have climbed nearly 20% above their issue price since the autumn 2025 listing, recently rising 3.47% in the MDAX. Thyssenkrupp's own stock has also performed strongly, gaining 133.70% over the past year and closing at €11.29 on Friday, up 21.74% over the last month.
The first-quarter interim report for 2025/2026 is scheduled for February 12, 2026. The company's current market capitalisation stands at €5.68 billion.
The dividend approval arrives as Thyssenkrupp prepares for significant losses in the coming fiscal year. With ongoing talks over the steel division's future and a major restructuring plan in place, the company's financial stability remains under close scrutiny. The next quarterly report will provide further clarity on its performance.
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