TKA.DE - thyssenkrupp AG

XETRA - XETRA Delayed Price. Currency in EUR
11.45
+0.12 (+1.10%)
As of 9:56AM CEST. Market open.
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Previous Close11.32
Open11.32
Bid11.45 x 142800
Ask11.47 x 10700
Day's Range11.27 - 11.56
52 Week Range11.03 - 23.70
Volume865,891
Avg. Volume5,933,456
Market Cap7.128B
Beta (3Y Monthly)0.88
PE Ratio (TTM)N/A
EPS (TTM)-0.44
Earnings DateAug 8, 2019
Forward Dividend & Yield0.15 (1.31%)
Ex-Dividend Date2019-02-04
1y Target Est22.24
  • Thyssenkrupp Weighs Elevator Stake Sale as Buyers Circle
    Bloomberg14 days ago

    Thyssenkrupp Weighs Elevator Stake Sale as Buyers Circle

    (Bloomberg) -- Thyssenkrupp AG has received interest from competitors and buyout firms for a stake in its 15 billion-euro ($16.8 billion) elevator unit, prompting the German industrial firm to explore a sale alongside its planned listing, people familiar with the matter said.Private equity firms including CVC Capital Partners and KKR & Co., as well as rival elevator maker Kone Oyj, have expressed interest in part or all of the Thyssenkrupp division, the people said. As a result, the company is planning to start formal sale talks in the autumn, they said, asking not to be identified because the deliberations are private.Sovereign wealth and pension funds are also interested in investing in the unit, they said. Thyssenkrupp shares were little changed at the close Monday in Frankfurt, after earlier gaining as much as 5.5%.Representatives for Thyssenkrupp, Kone, CVC and KKR declined to comment.“We’re open to all economically viable solutions that fairly take into account the interest of employees,” Markus Grolms, secretary at labor union IG Metall and Thyssenkrupp’s deputy chairman, said in response to Bloomberg queries. The union “will make sure the proceeds will be used to fund the further development of Thyssenkrupp.”Thyssenkrupp will run a “dual-track” process, continuing to pursue its previously announced initial public offering for the business while entertaining bids, the people said. No final decisions have been made about how much of the asset to sell, and the interested companies may still decide against formal offers, they said.Thyssenkrupp so far has been hesitant to sell a majority stake because it would like to keep control to access the unit’s cash flow and help fund pension liabilities, the people said. Still, certain shareholders, including activist investor Cevian Capital, favor a full sale, the people said.The division, Thyssenkrupp’s crown jewel, makes parts used in elevators, escalators, moving walkways and stairlifts and could be worth about 15 billion euros in an IPO or sale, according to Bloomberg Intelligence analysts. The German company has been weighing ways to split off the unit as it came under fire for a complicated business structure that some investors have said contributed to declining earnings.The start of 2020 would be the earliest opportunity for an IPO, the elevator unit’s union chief and board member, Knut Giesler, has said. A listing is unlikely before March of next year, and uncertainty over the timing and valuation of any IPO is another incentive for a sale, the people said.The elevator division is riding a global trend of urbanization, making it the steel-to-submarine conglomerate’s most profitable unit. Proceeds from a sale or IPO could be used to fund the company’s restructuring, paid out in a dividend or invested in carbon-dioxide free steel production, the people said.The Essen-based conglomerate needs cash to cover billions of euros in unfunded pension liabilities and fix its steel, plant construction and auto supply operations. The company sees the elevator unit as the only significant division it could offload a stake in at a valuation above book value, the people said.Kone is keen to buy a majority of the elevator business, but Thyssenkrupp is concerned about a lengthy antitrust review and rejection of a merger, the people said. Its proposal to create a European steel joint venture with Tata Steel Ltd. was blocked earlier, and Thyssenkrupp may prefer to sell a stake to an investment firm, which wouldn’t face competition scrutiny, some of the people said.The European Commission has torpedoed a number of industrial merger plans this year. Regulators blocked plans to merge Siemens AG’s and Alstom SA’s rail operations to create a European champion.Other Thyssenkrupp assets, including the components technology business have also attracted preliminary interest from buyout firms, though it’s unclear whether the firm will seek a sale, the people said.(Updates with labor union statement in fifth paragraph.)\--With assistance from Sarah Syed.To contact the reporters on this story: Eyk Henning in Frankfurt at ehenning1@bloomberg.net;William Wilkes in Frankfurt at wwilkes1@bloomberg.net;Aaron Kirchfeld in London at akirchfeld@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, Ben Scent, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thyssenkrupp to cut CO2 emissions by 30% over next decade
    Reuters20 days ago

    Thyssenkrupp to cut CO2 emissions by 30% over next decade

    German submarines-to-elevators conglomerate Thyssenkrupp said on Tuesday that it planned to drastically cut its carbon dioxide emissions over the next decade, banking on more efficient ways to produce steel, one of its trademark products. "We want to cut our emissions by 30% by 2030 across the entire business," Chief Technology Officer Reinhold Achatz told Reuters. Thyssenkrupp, Europe's second largest steelmaker after ArcelorMittal , produces 20 million tonnes of CO2 a year, equivalent to a 2.6 gigawatt power plant running on lignite, or brown coal, the dirtiest generation technology.

  • Thyssenkrupp workers demand clear strategy for steel unit
    Reuters25 days ago

    Thyssenkrupp workers demand clear strategy for steel unit

    Powerful labour leaders at Thyssenkrupp have called on the group's management to come up with a clear strategy for its steel unit, which will remain part of the conglomerate after a failed attempt to merge it with Tata Steel . Thyssenkrupp's steel unit has come under pressure due to falling prices and high raw material costs and faces 2,000 job cuts, the same level of layoffs that would have been carried out under the previous merger plans with Tata Steel. Thyssenkrupp Steel Europe's second-quarter adjusted operating profit plunged 81% to 37 million euros (33 million pounds).

  • Estimating The Intrinsic Value Of thyssenkrupp AG (ETR:TKA)
    Simply Wall St.last month

    Estimating The Intrinsic Value Of thyssenkrupp AG (ETR:TKA)

    Does the June share price for thyssenkrupp AG (ETR:TKA) reflect what it's really worth? Today, we will estimate the...

  • Thyssenkrupp names new steel business CEO to lead major overhaul
    Reuterslast month

    Thyssenkrupp names new steel business CEO to lead major overhaul

    Germany's Thyssenkrupp will promote Premal Desai to lead its steel division and restructure the business in the face of dwindling global demand, the elevators-to-submarines group said on Friday. Thyssenkrupp Steel Europe, whose roots go back more than 200 years, has suffered a sharp fall in profits and will bear the brunt of planned job cuts across the group. Of the 6,000 layoffs Thyssenkrupp is planning, 2,000 will come from Steel Europe, more than 7 percent of the division's workforce.

  • EU regulators block Thyssenkrupp, Tata Steel joint venture
    Reuterslast month

    EU regulators block Thyssenkrupp, Tata Steel joint venture

    Thyssenkrupp and Tata Steel's plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned that the deal would have pushed up prices and reduced competition. The European Commission said the companies, which had looked to the deal as one way to tackle overcapacity and other challenges in the steel industry, had not done enough to allay its concerns. Millions of people in Europe work in these sectors and companies depend on competitive steel prices to sell on a global level," European Competition Commissioner Margrethe Vestager said in a statement.

  • The Canadian Presslast month

    EU regulator blocks Thyssenkrupp-Tata Steel merger

    The European Union's antitrust regulator says it's blocking a planned merger between German steelmaker Thyssenkrupp and India's Tata Steel because the move would have cut competition and pushed up prices. Thyssenkrupp had said last month that it expected the regulator to block the merger, and announced it would cut some 6,000 jobs and restructure its businesses. The European Commission said Tuesday that the two companies did not provide "adequate remedies" to address concerns it has about the proposed joint venture, which would have combined their flat carbon steel and electrical steel activities.

  • Reuters2 months ago

    EXCLUSIVE-Pentagon eyes rare earth supplies in Africa in push away from China

    CHICAGO/LONDON, June 5 (Reuters) - The U.S. Department of Defense has held talks with Malawi's Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday. The push comes as China threatens to curb exports to the United States of rare earths, a group of 17 minerals used in a plethora of military equipment and high-tech consumer electronics. Although China contains only a third of the world's rare earth reserves, it accounts for 80% of U.S. imports of minerals because it controls nearly all of the facilities to process the material, according to U.S. Geological Survey data.

  • Reuters2 months ago

    EU needs to act on steel imports in wake of U.S. tariffs -industry

    Steel is being diverted to Europe as a result of U.S. 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions. There has been a sudden downturn in the European steel industry's prospects, underpinned by long-term trends, 45 chief executives representing around 90% of the EU's steel output said in the letter. Steel imports into the EU have more than doubled since 2013 while demand had increased only marginally and is seen falling in 2019, they said.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of TKA.DE earnings conference call or presentation 14-May-19 12:00pm GMT

    Half Year 2019 Thyssenkrupp AG Earnings Call

  • Thyssenkrupp's supervisory board backs CEO's IPO strategy
    Reuters2 months ago

    Thyssenkrupp's supervisory board backs CEO's IPO strategy

    Thyssenkrupp's supervisory board on Tuesday said it unanimously approved Chief Executive Guido Kerkhoff's overhaul strategy, including a plan to list its prized elevators unit, the conglomerate said. "We have agreed that the executive board will now work out the concrete plans and begin the implementation," Thyssenkrupp Supervisory Board Chairwoman Martina Merz said in a statement following a meeting of the company's directors.

  • Reuters2 months ago

    Free scooter rides and EU power ballads, big firms pump up voters for EU polls

    From Volkswagen to Spotify to Iberdrola, Europe's biggest firms are urging people to vote in key European Parliament elections this weekend amid concerns that an anti-EU outcome could disrupt their business and hurt their bottom line. The unusual step of mixing politics with business is also echoed by some U.S companies, and a senior Microsoft executive in Germany has encouraged staff to go to the polls.

  • Reuters2 months ago

    RPT-INSIGHT-Turmoil at Thyssenkrupp marks battle for Germany's economic identity

    When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate's future that could test Germany's brand of "social market" capitalism. Kerkhoff had little choice but to think the unthinkable when the company's share price sank to a 15-year low on May 8.

  • Turmoil at Thyssenkrupp marks battle for Germany's economic identity
    Reuters2 months ago

    Turmoil at Thyssenkrupp marks battle for Germany's economic identity

    When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate's future that could test Germany's brand of "social market" capitalism. Kerkhoff had little choice but to think the unthinkable when the company's share price sank to a 15-year low on May 8. Now Thyssenkrupp's future is in play, with activist investors on the one side baying for a restructuring of the group to drive up value, and its top shareholder - the charitable Krupp foundation - and workers on the other side with a mandate to protect the unity of the company and jobs.

  • Reuters2 months ago

    Trade rhetoric weighs on European shares

    European shares dropped on Friday after three days of gains, as Beijing ratcheted up its war of words with Washington over trade, weighing on risk appetite. The pan-European STOXX 600 index was down 0.7% by 0720 GMT, though it was still looking at its best weekly performance since in 1-1/2 months. The Communist Party's People's Daily used a front page commentary to say the trade war would never bring China down, after telecoms equipment giant Huawei Technologies Co Ltd was put on a U.S. blacklist.

  • Reuters2 months ago

    GLOBAL MARKETS-Stocks gain after earnings, deal news, data; U.S. yields move up

    World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations. News that U.S. President Donald Trump is expected to delay auto tariffs appeared to improve the trade tone on Wednesday, but later in the day the Trump administration hit Chinese telecoms giant Huawei with severe sanctions.

  • Reuters2 months ago

    GLOBAL MARKETS-Stocks rise after strong earnings, deal news; data lifts U.S. yields

    World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations. News that U.S. President Donald Trump is expected to delay auto tariffs appeared to improve the trade tone on Wednesday, but later in the day the Trump administration hit Chinese telecoms giant Huawei with severe sanctions.

  • Thyssenkrupp shares rise on hopes of deal with Finland's Kone
    Reuters2 months ago

    Thyssenkrupp shares rise on hopes of deal with Finland's Kone

    Shares in Thyssenkrupp rose as much as 7.2% on Thursday after Reuters reported Finnish company Kone is assessing the viability of a bid for the German conglomerate's 14 billion euro (12 billion pounds) elevators division. Thyssenkrupp last week dropped plans to spin off its capital goods business after months of shareholder criticism, and opted instead to list elevators, its most profitable division. Four people familiar with the matter said it was not clear if Kone could fund an all-cash bid and whether or not the deal would face significant anti-trust hurdles similar to Thyssenkrupp's failed steel joint venture with India's Tata Steel.

  • Reuters2 months ago

    European stocks dip as U.S. sanctions on Huawei add to trade anxiety

    European shares retreated on Thursday after Washington blacklisted Chinese telecoms giant Huawei, adding another confrontational element to the U.S.-China trade dispute. The U.S. Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its Entity List, which bans the company from acquiring components and technology from U.S. firms without government approval. News on Wednesday that U.S. President Donald Trump was planning to delay the imposition of tariffs on imported cars and parts helped European markets swing higher late in the session.

  • Exclusive: Kone looks at options for potential Thyssenkrupp elevator deal - sources
    Reuters2 months ago

    Exclusive: Kone looks at options for potential Thyssenkrupp elevator deal - sources

    Thyssenkrupp last week ditched a plan to spin off its capital goods business after months of shareholder criticism, and opted instead to list elevators, its most profitable division, to raise badly needed cash. The sources said it was not clear if Kone could fund an all-cash bid and whether or not the deal would face significant anti-trust hurdles similar to Thyssenkrupp's failed steel joint venture with Tata Steel. This is why Thyssenkrupp's management prefers the option of an initial public offering, the sources added.

  • Reuters2 months ago

    UPDATE 2-Auto-stocks drive European shares higher on tariff delay hopes

    European stocks surged late in Wednesday's session to wipe away early losses after U.S. officials said President Donald Trump was expected to delay auto tariffs by up to six months. The broad benchmark had fallen as much as 0.7% earlier in the day, while auto stocks had plumbed a 1-1/2 month trough, down 2.1%.

  • Thyssenkrupp's elevator unit posts margin drop ahead of IPO
    Reuters2 months ago

    Thyssenkrupp's elevator unit posts margin drop ahead of IPO

    FRANKFURT/DUESSELDORF, Germany (Reuters) - Thyssenkrupp's elevator business, the conglomerate's crown jewel that it plans to list, saw operating margins fall in the second quarter due to higher material costs that also hit Swiss rival Schindler. The unit, which also competes with Finland's Kone and United Technologies Corp's Otis, is Thyssenkrupp's prize asset and investors have long demanded that it needs to be listed, merged with a peer, or sold. Adjusted operating profit (EBIT) margins at the division, however, fell to 10.6% in the second quarter, down from 11.6% a year earlier, Thyssenkrupp said on Tuesday.