Thyssenkrupp AG 2023 AR2
In the fiscal year 2022/2023, thyssenkrupp achieved key milestones in its transformation, including the successful IPO of its hydrogen subsidiary, thyssenkrupp nucera, and the approval of approximately €2 billion in state funding for the 'tkH2Steel' decarbonization project. The company also established the new Decarbon Technologies segment to position itself as a leader in the energy transition. Despite a challenging economic environment with high raw material and energy costs, the group achieved a positive free cash flow before M&A of €363 million, although it recorded a net loss of €2.0 billion due to significant impairment losses, primarily at Steel Europe.
Company: Thyssenkrupp AG
Sector: Manufacturing
Country: Germany
Year: 2023
Type: AR2
Pages: 340
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Thyssenkrupp AG
Annual Report
In the fiscal year 2022/2023, thyssenkrupp achieved key milestones in its transformation, including the successful IPO of its hydrogen subsidiary, thyssenkrupp nucera, and the approval of approximately €2 billion in state funding for the 'tkH2Steel' decarbonization project. The company also established the new Decarbon Technologies segment to position itself as a leader in the energy transition. Despite a challenging economic environment with high raw material and energy costs, the group achieved a positive free cash flow before M&A of €363 million, although it recorded a net loss of €2.0 billion due to significant impairment losses, primarily at Steel Europe.
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Document Details
Report Year
2023
Reporting Period
Oct 1, 2022 - Sep 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees