1009 GMT - Thyssenkrupp's margins could expand further as the German engineering conglomerate benefits from EU policy changes, Deutsche Bank's Bastian Synagowitz says. Tightened regulations on importers of carbon-intensive goods have already helped widen margins, the analyst writes. Improved performance at the group's naval combat company, TKMS, and a potential divestment of its steel production arm are also supportive, Synagowitz adds. The company's earnings should come in 4%-5% ahead of Deutsche's previous estimates over the next three fiscal years, he says. Shares rise 4.8% to trade at 11.715 euros, a seven-year high. They are up over 26% so far this year to Monday's close. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

February 03, 2026 05:09 ET (10:09 GMT)

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