l Next milestone for separation: efficient leadership structures clearly oriented towards business requirements of both companies

Il Preparations to separate the Group fully on schedule

IIl 1st quarter 2018/2019: order intake and sales increased further

lV Operating earnings down year-on-year as expected; net income higher at €145 million

V Full-year forecast confirmed

Thyssenkrupp has taken the next step on the path to the planned separation of the company. Today the Group announced the leadership structures of the two future companies, creating the framework for the concrete organization of Thyssenkrupp Industrials and Thyssenkrupp Materials. Guido Kerkhoff, CEO of Thyssenkrupp AG: “With the separation we will create strategic clarity and enable the businesses to develop more dynamically. The new leadership structures are key to this. The new set-up is tailored to business requirements and reflects the different market logics. Both Thyssenkrupps will become leaner, faster and better.” The two Thyssenkrupps will be more efficient and able to act more effectively on the market. The aim is to implement projects and innovations more quickly. In addition the companies will be closer to customers and better able to respond to market changes. To this end the two companies will give their businesses the greatest possible scope for decision-making. At the same time – particularly at Thyssenkrupp Industrials – they will leverage joint strengths across business areas. That means: both companies will be leaner. In both future companies the leadership structures will be clearly simplified.

At each company the number of board directorates will be reduced to three, and central functions will be combined. From 17 corporate and service functions today, there will be just 14 at Thyssenkrupp Industrials and just 10 at Thyssenkrupp Materials. The current matrix structure will be dissolved. In the future there will be no regional structure besides the business areas at headquarters level. The tasks in the regions will be performed by the operating units or central functions. The shared service units will also be allocated according to business requirements and focused more closely.

Official link: Thyssenkrupp