thyssenkrupp AG is a diversified industrial conglomerate with a global footprint, operating through five primary business segments. For the fiscal year 2023/2024, the company generated approximately €35 billion in sales. The Materials Services segment (34.6% of sales) is the largest independent materials distributor and service provider in the Western world, offering metals, plastics, and supply chain solutions. Steel Europe (30.6% of sales) is a leading European manufacturer of high-quality flat carbon steel, primarily serving the automotive, machinery, and energy sectors. The Automotive Technology segment (21.5% of sales) develops and manufactures high-tech components and systems, including steering, damper systems, and powertrain components. Decarbon Technologies (11% of sales) focuses on sustainable industrial solutions, encompassing plant engineering for cement and chemicals, large-diameter bearings, and a majority stake in thyssenkrupp nucera, a leader in green hydrogen electrolysis. Finally, Marine Systems (6% of sales) is a prominent global system provider for conventional submarines, naval surface vessels, and maritime electronics. The company is currently undergoing a strategic transformation to transition into a financial holding company, which includes the planned spin-offs or divestments of its steel, marine, and materials distribution businesses to unlock shareholder value and focus on green technologies.
