thyssenkrupp (TKA) AGM 2025 summary

Opening remarks and agenda

• AGM held virtually to maximize shareholder participation and reduce costs, with all speeches and Q&A accessible via video and simultaneous English translation.

• The agenda included financial results, board discharges, auditor election, remuneration approvals, and renewal of virtual AGM authorization.

Financial performance review

• Sales declined by 7% to EUR 35 billion, but adjusted EBIT reached EUR 567 million, within forecast range.

• Free cash flow before M&A was positive at EUR 110 million, exceeding the revised forecast.

• Equity ratio remained strong at 35%, and net financial assets improved to EUR 4.4 billion.

• Moody's and S&P maintained positive and stable outlooks, respectively.

Board and executive committee updates

• Several executive changes: Jens Schulte departed as CFO, with a successor search underway; Oliver Burkhard shifted focus to Marine Systems.

• Supervisory Board attendance was 98.5%, with regular executive sessions and committee meetings.

• Compensation and succession planning were key topics, with remuneration system and bonus structures discussed.