ThyssenKrupp AG Company Profile
ThyssenKrupp AG
Conglomerate
- Type
Public
- Headquarters
Germany
- Establishment
1999
- Key Management
Mr. Siegfried Russwurm(Chairman-Supervisory Board)
- Revenue
~40,668(2021)
- Headcount
~101,000(2021)
- Website
Business Description
ThyssenKrupp AG, an international group of companies that includes largely independent industrial and technology, businesses, is ThyssenKrupp AG. ThyssenKrupp operates the following segments: The Elevator Technology segment designs and installs elevators, moving walkways, escalators, and stair and platform lifts. The Industrial Solutions segment supplies international suppliers in large-scale and special plant construction and naval shipbuilding. Materials Services distributes materials and offers complex technical services to the manufacturing and production sectors. Components Technology and Elevator Technology. Components Technology offers components for the automotive and construction industries, as well as for engineering applications such as wind turbines. The Marine System segment is involved in naval shipbuilding. The company was established in Essen, Germany, on March 17, 1999.
Key Financials
Revenue (US$ Mn):
- US$ 40,668 Mn was the annual revenue generated by ThyssenKrupp AG in 2021
- ThyssenKrupp AG’s annual revenue for 2020 was US$ 32,384 Mn, a -31.66% decrease from 2019
- From 2018’s yearly revenues, ThyssenKrupp AG registered a 14.47% increase in 2019, amounting to US$ 47,388 Mn
- Total revenue of US$ 41,399 Mn was generated in 2018 by ThyssenKrupp AG
Operating Income (US$ Mn):
- ThyssenKrupp AG’s operating income for 2021 was US$ 531 Mn, a -86.36% decrease from 2020
- The operating income generated by ThyssenKrupp AG in 2020 was US$ 3,893 Mn
- At a -94.27% decrease from , ThyssenKrupp AG’s operating income of US$ 79 Mn was indexed in 2019
- ThyssenKrupp AG generated an operating income of US$ 1,374 Mn in 2018
Net Income (US$ Mn):
- ThyssenKrupp AG’s net income for 2021 was US$ -137 Mn, a -101.22% decrease from 2020
- The net income generated by ThyssenKrupp AG in 2020 was US$ 11,228 Mn
- At a -514.43% decrease from , ThyssenKrupp AG’s net income of US$ -284 Mn was indexed in 2019
- ThyssenKrupp AG generated a net income of US$ 69 Mn in 2018
Operating Margin %:
- ThyssenKrupp AG’s operating margin for 2021 was 2%, a -82.61% decrease from 2020
- The operating margin generated by ThyssenKrupp AG in 2020 was 12%
- At a -96.43% decrease from , ThyssenKrupp AG’s operating margin of % was indexed in 2019
- ThyssenKrupp AG generated an operating margin of 3% in 2018
Gross Margin %:
- 13% was the gross margin generated by ThyssenKrupp AG in 2021
- ThyssenKrupp AG’s gross margin for 2020 was -1%, a -107.25% decrease from 2019
- From 2018’s gross margins, ThyssenKrupp AG registered a -2.82% decrease in 2019, amounting to 14%
- A gross margin of 14% was generated in 2018 by ThyssenKrupp AG
SWOT Analysis
Strengths
Focus on R&D
ThyssenKrupp invests heavily in technology that will allow them to create energy-efficient products. The company’s focus is on the development of new products as well as identifying and solving fundamental technological and social problems. ThyssenKrupp is committed to providing innovative products that support the digital transformation of industry and energy transition. It also works with universities, research institutes, and other industrial companies. More than 3,800 people work in R&D at the company. This accounted for 2.8% of revenue. ThyssenKrupp owned 20,200 utility models and patents as of September 30, 2020. It registered 2,100 patents and utility model registrations in FY2020.
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