BERLIN Reuters- Thyssenkrupp said on Thursday that it expects mid-term adjusted margins of 4 -- 6% as it progresses through its restructuring programme, adding it is looking into options for its marine systems, cement plants and chemicals divisions.
The group is considering partnerships and consolidation or a stand-alone scenario for its marine systems division and will decide on the future of the cement plant construction and chemicals units in the medium term, it said.
Thyssenkrupp said in a statement on its capital markets day that it wants to restore its ability to pay dividends.
Klaus Keysberg, Chief Financial Officer, said that we still have a lot to do when it comes to improving our performance.
The group, which reported a 2.3% adjusted EBIT earnings before interest and taxes margin in 2020 21, is in the middle of a structural overhaul and has made a number of disposals https: www.reuters. In recent months the article thyssenkrupp-divestiture-steel-idCNL 8 N 2 QI 1 DC was published.
The sale of its mining technology business to Denmark's FLSmidth in July and the disposal of its infrastructure and carbon components operation were some of the things that included the sale of it's mining technology business to Denmark's FLSmidth in July.
Thyssenkrupp said these transactions should bring in a high- triple digit million euro figure to bolster the company's net financial position and pension liabilities.
At least 10% of sales were generated from components that are not used in combustion engines, and at least 8% for automotive components.
Chief Executive Martina Merz said that we're getting Thyssenkrupp back on track.