TKAMY - thyssenkrupp: Turnaround Is Still Ongoing

2024-05-29 11:18:05 ET

Summary

• thyssenkrupp is undergoing a transformation program called APEX to achieve financial targets through restructuring and cost savings measures.
• The company's business is now divided into five units, simplifying the business.
• The APEX program has identified 4,600 changes that are expected to generate cost savings of €1.8 billion and improve operating performance.
• thyssenkrupp has a wide array of risks which impact my rating.

Introduction

thyssenkrupp ( TYEKF ) is in the midst of a considerable transformation with the performance orientated program APEX. The aim of the program is for the businesses to quickly and sustainably achieve the financial targets through restructuring and cost savings measures, which I will touch on in further detail later....

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