BERLIN (Reuters). Thyssenkrupp stated on Thursday that it anticipates mid-term adjusted margins between 4-6% and 5% as it continues its restructuring program. It also said it is exploring options for its chemical divisions, marine systems, and cement plants.

According to the statement, partnerships are being considered for either consolidation or an independent scenario in its marine systems division. The group will also decide the medium-term future of the cement plant constructions and chemicals units.

Thyssenkrupp stated in a statement that it is working to restore the ability of its dividend payments to be consistent.

Klaus Keysberg, Chief Financial Officer said that “we still have a lot to do when it is about improving our performance.”

The group, which reported a 2.3% adjusted EBIT (earnings before interest and taxes) margin in 2020/21, is in the middle of a structural overhaul and has made a string of disposals https://www.reuters.com/article/thyssenkrupp-divestiture-steel-idCNL8N2QI1DC in recent months.

These include the sale to FLSmidth of Denmark of the mining technology company and disposal of the infrastructure and carbon component operation.

These transactions should bring in a high-triple-digit-million euro figure to bolster the company’s net financial position and pension liabilities, Thyssenkrupp said.

The adjusted medium-term EBIT Margin targets for each division were at least 10% in industrial components, and between 7-8% in automotive. In this case, 80% of the sales came from parts not used for combustion engines.

Thyssenkrupp added it would announce more details about the initial public offering (IPO) of its hydrogen division Uhde Chlorine Engineers planned early next year https://www.reuters.com/business/energy/thyssenkrupp-considers-listing-hydrogen-business-q1-bloomberg-2021-11-15 at a separate capital markets day on Jan. 13, 2022.

Martina Merz, Chief Executive of Thyssenkrupp said that “We are getting Thyssenkrupp on track.”