Overall Numbers Distorted by Steel, Autos Weakness, Says ThyssenKrupp’s CEO

The transcript discusses the preparation for an IPO of the elevator business, exploring alternative options due to external interest. It highlights efforts to turn the company around by improving margins and cash flow despite challenges in the steel and auto sectors. The global economic slowdown, particularly in Europe and China, is analyzed. The flexible portfolio strategy and interest in partnerships are detailed, along with shareholder and market reactions. Finally, the US market's stability and recession risk are evaluated, noting the elevator business's strong position.

What is the primary focus of the company's preparation mentioned in the first section?

• Launching a new product line

• Preparing for the IPO of the elevator business

• Reducing operational costs

• Expanding into new markets

Which industry is mentioned as having improved margins in the second section?

• Elevator

• Steel

• Automotive

• Technology

In which geography is the slowdown in the steel industry most significant, according to the third section?

• North America

• Australia

• Europe

• Asia

What is the company's approach to its portfolio as discussed in the final section?

• Focusing solely on the elevator business

• Maintaining a flexible portfolio approach

• Acquiring new companies

• Divesting all non-core businesses

What has been the response from strategic partners regarding the company's new strategy?

• Unexpectedly high strategic interest

• Lack of interest

• Interest only from local partners

• No response yet

What is the company's stance on the potential recession risk in the US market?

• They are uncertain about the market

• They see clear signs of recession

• They do not currently see any recession risk

• They are preparing for a recession

What has been the supervisory board's reaction to the strategic changes?

• They have been divided

• They have unanimously supported the changes

• They have not been informed yet

• They have opposed the changes