thyssenkrupp AG (TKAMY) recently announced strong sales growth and resilient EBIT performance driven by active cost management. The company's financial foundation remains robust, with net financial assets of almost 680 million, positioning it well for future expansion. The alkali segment has shown positive commercial development, with a growing order intake in the service business and new build projects globally. Notably, thyssenkrupp AG has a significant pipeline of over 150 green hydrogen projects, with 40 actively pursued, presenting substantial market opportunities. The company aims to achieve the upper half of its group sales and EBIT guidance range for the current financial year. However, challenges persist in the green hydrogen segment, with soft order intake due to project volatility and regulatory uncertainties in the US market potentially impacting investment decisions. The company also faces risks from US tariffs, potentially leading to project delays. Despite these challenges, CEO Verna Ponybo expressed optimism, particularly regarding progress in Europe, citing strong support for green hydrogen. Projects like the 300 MW electrolyzer in Spain are advancing quickly, with contracts expected by 2025. In the Middle East, projects are progressing at a slower pace, especially in Oman, due to complexity. The company clarified a reduction in the pipeline size from 25 GW to 22 GW, attributing it to portfolio shifts that maintained the contract value around 12 billion. CFO Stefan Hann mentioned the intention to sustain cost discipline and expects an improvement in gross margin as lower-margin projects phase out.