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 geographical areas are experiencing a slowdown in demand, particularly in the steel sector?

What strategic changes have been made in response to the financial challenges faced by the company?

What is the current outlook for recession risks in the US market according to the speaker?