TKA.DE - thyssenkrupp AG

XETRA - XETRA Delayed price. Currency in EUR
22.68
-0.11 (-0.48%)
At close: 5:35PM CET
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Previous close22.79
Open22.90
Bid0.00 x 142800
Ask0.00 x 10700
Day's range22.51 - 22.95
52-week range21.05 - 27.07
Volume1,435,346
Avg. volume2,340,776
Market cap14.119B
BetaN/A
PE ratio (TTM)N/A
EPS (TTM)-1.00
Earnings date15 May 2018
Forward dividend & yield0.15 (0.60%)
Ex-dividend date2018-01-22
1y target est28.72
  • Reuters10 days ago

    Steel unit boosts Thyssenkrupp profit ahead of Tata Steel tie-up

    Germany's Thyssenkrupp (TKAG.DE) joined rivals in reporting a strong recovery of its steel business, just weeks before it plans to ink a deal to merge the unit with the European operations of India's Tata Steel (TISC.NS). The planned joint venture, agreed in principle in September, is a bid to tackle excess capacity in the sector and further reduces Thyssenkrupp's ties to its steel-making roots after last year's sale of its Brazilian steel mill. "The market environment remains extremely challenging structurally, with continuing global overcapacities, risks from trade imbalances and highly volatile raw material prices," Thyssenkrupp said in its quarterly report.

  • Reuters18 days ago

    Thyssenkrupp steel workers back labour plan ahead of Tata deal

    Steel workers at Germany's Thyssenkrupp (TKAG.DE) voted on Monday in favour of a labour agreement that will safeguard jobs and plants in a planned joint venture with Tata Steel (TISC.NS) until 2026, removing another key hurdle for the tie-up. Although not essential to the creation of the planned joint venture, workers' approval of the labour agreement is seen as a precondition to getting the deal done as it removes the risk of strikes and potential delays. Thyssenkrupp and India's Tata Steel in September unveiled plans to merge their European steel operations and create Europe's second-largest steel group behind ArcelorMittal (MT.AS), leading to speculation of significant job cuts.

  • Reuters - UK Focus18 days ago

    Thyssenkrupp steel workers back labour plan ahead of Tata deal

    Steel workers at Germany's Thyssenkrupp voted on Monday in favour of a labour agreement that will safeguard jobs and plants in a planned joint venture with Tata Steel (BSE: TATASTEEL.BO - news) until 2026, removing another key hurdle for the tie-up. Although not essential to the creation of the planned joint venture, workers' approval of the labour agreement is seen as a precondition to getting the deal done as it removes the risk of strikes and potential delays.

  • Reuterslast month

    Facing investor pressure, Thyssenkrupp pledges to refine strategy

    FRANKFURT/BOCHUM, Germany (Reuters) - Thyssenkrupp will review its strategy after a planned tie-up with India's Tata Steel, its chief executive said on Friday, fuelling investor hopes for further steps to make the sprawling industrial group more focused. Frustrated shareholders, led by activist Cevian, have been putting pressure on Thyssenkrupp boss Heinrich Hiesinger, saying the company was too unwieldy and should be broken up further. Hiesinger, at the helm since 2011, has already cut the number of business units, slashed debt and embarked on a mission to transform Thyssenkrupp into a group focused on technology and less on the steel business for which it is famous.

  • Reuterslast month

    Thyssenkrupp CEO says will sharpen strategy: Handelsblatt

    German industrial and technology group Thyssenkrupp will refine its corporate strategy soon, its chief executive told a German newspaper in the wake of growing investor criticism over the company's structure and performance. "We will sharpen the strategy for the whole group and also adjust our financial targets," Heinrich Hiesinger told Handelsblatt before the group's annual general meeting on Friday. Shareholders led by activist investor Cevian a day earlier renewed calls for structural change at Thyssenkrupp, questioning whether producing everything from steel and car parts to submarines and elevators is still the right set-up.

  • Globe Newswirelast month

    Global Elevators and Escalators Strategic Business Report 2018-2022: Developing Countries Dominate New Elevator and Escalator Installations and Spearhead Market Growth

    Dublin, Jan. 18, 2018 (GLOBE NEWSWIRE) -- The "Elevators and Escalators - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. ...

  • Reuterslast month

    Investors intensify pressure on Thyssenkrupp boss before AGM

    Shareholders led by activist investor Cevian have renewed calls for structural change at Thyssenkrupp, putting more pressure on Chief Executive Heinrich Hiesinger before the steelmaker's annual general meeting. Investors have questioned whether producing everything from steel and car parts to submarines and elevators is still the right set-up for Thyssenkrupp, due to hold its AGM on Jan. 19. Cevian is Thyssenkrupp's second-largest shareholder after the Alfried Krupp von Bohlen and Halbach Foundation and holds a stake of about 18 percent.

  • Reuterslast month

    Thyssenkrupp shareholder criticises CEO, demands restructuring

    A major shareholder in Thyssenkrupp (TKAG.DE) has criticised Chief Executive Heinrich Hiesinger for failing to achieve his own profit targets, raising tensions before the German industry group's annual meeting next Friday. Swedish investor Cevian reiterated its call to restructure Thyssenkrupp, in which it controls an 18 percent stake, piling pressure on Hiesinger as he tries to complete a merger of its steel business with that of India's Tata Steel (TISC.NS). "Thyssenkrupp is not developing in the way we expected.

  • Reuters2 months ago

    Thyssenkrupp could halve stake in Tata Steel JV

    Thyssenkrupp could halve its stake in a planned European steel joint venture with Tata Steel if they list it on the stock market by end-2024, a board member of the German industrial group said on Friday. The two have committed to holding equal stakes for the first six years of the company's existence, Thyssenkrupp personnel chief Oliver Burkhard told journalists on a call. In case of a stock market listing, they are to retain at least a 50.1 percent stake, he said, meaning Thyssenkrupp could reduce its stake to 25.05 percent.

  • Reuters2 months ago

    Workers to vote on Thyssenkrupp steel jobs deal from mid-January

    DUESSELDORF (Reuters) - Steel workers will vote on a deal to protect steel jobs and sites at German industrial group Thyssenkrupp (TKAG.DE) between Jan. 13 and Feb. 2, trade union IG Metall said on Friday. ...

  • ThyssenKrupp steelworkers clinch deal ahead of Tata merger
    AFP2 months ago

    ThyssenKrupp steelworkers clinch deal ahead of Tata merger

    ThyssenKrupp and Tata say their tie-up is necessary to combat chronic overcapacity in an industry roiled by a flood of subsidised Chinese steel

  • Reuters2 months ago

    Thyssenkrupp, workers strike deal to pave way for Tata Steel merger

    DUESSELDORF/FRANKFURT (Reuters) - Workers on Thursday struck a deal with German industrial company Thyssenkrupp to secure steel plants and jobs, a big step towards a planned merger of the group's European steel business with that of India's Tata Steel. The deal removes a major obstacle to the merger, planned for next year, which will create Europe's second-largest steel group after ArcelorMittal and continue Thyssenkrupp's efforts to transform itself into a more technology-focused company. The workers' approval for the deal, first announced in September, is seen as key to getting the deal done and shows Thyssenkrupp's commitment to seek workers' consent for far-reaching structural changes.

  • Reuters2 months ago

    Thyssenkrupp flags possible IPO of planned JV with Tata Steel

    German engineering and steel group Thyssenkrupp said it was possible that the planned steel joint venture with Tata Steel could be listed on the stock exchange within the next six years. "Thyssenkrupp will hold an interest in the joint venture for at least six years. At the same time a change to the shareholder structure, possibly as the result of an IPO, is not ruled out during this period," the group said on Thursday.

  • Reuters - UK Focus2 months ago

    Thyssenkrupp, workers strike deal to pave way for Tata Steel merger

    DUESSELDORF/FRANKFURT, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - Workers on Thursday struck a deal with German industrial company Thyssenkrupp to secure steel plants and jobs, a big step towards a planned merger of the group's European steel business with that of India's Tata Steel. The deal removes a major obstacle to the merger, planned for next year, which will create Europe's second-largest steel group after ArcelorMittal (LSE: 0NSF.L - news) and continue Thyssenkrupp's efforts to transform itself into a more technology-focused company.

  • Reuters - UK Focus2 months ago

    Thyssenkrupp flags possible IPO of planned JV with Tata Steel

    German engineering and steel group Thyssenkrupp said it was possible that the planned steel joint venture with Tata Steel could be listed on the stock exchange within the next six years. "Thyssenkrupp ...

  • Reuters2 months ago

    Thyssenkrupp shareholders get impatient for change

    DUESSELDORF/FRANKFURT (Reuters) - Some investors in German industrial conglomerate Thyssenkrupp are becoming impatient with the pace of its restructuring, putting pressure on Chief Executive Heinrich Hiesinger to fix underperforming units and revive its flagging share price. In the job since 2011, Hiesinger is seeking to transform the sprawling engineering and steel group into a company with a focus on high-tech elevators, the construction of industrial plants, materials trading and its businesses serving car makers, its biggest single customer group. Since he took over nearly seven years ago, shares in Thyssenkrupp are down about a fifth, underperforming an 87-percent rise in the DAX but better than the 55-percent decline of ArcelorMittal, the world's biggest steelmaker.

  • Reuters2 months ago

    Thyssenkrupp shareholders get impatient for change

    DUESSELDORF/FRANKFURT (Reuters) - Some investors in German industrial conglomerate Thyssenkrupp (TKAG.DE) are becoming impatient with the pace of its restructuring, putting pressure on Chief Executive Heinrich Hiesinger to fix underperforming units and revive its flagging share price. In the job since 2011, Hiesinger is seeking to transform the sprawling engineering and steel group into a company with a focus on high-tech elevators, the construction of industrial plants, materials trading and its businesses serving car makers, its biggest single customer group. Since he took over nearly seven years ago, shares in Thyssenkrupp are down about a fifth, underperforming an 87-percent rise in the DAX but better than the 55-percent decline of ArcelorMittal (MT.AS), the world's biggest steelmaker.

  • Reuters - UK Focus2 months ago

    Thyssenkrupp shareholders get impatient for change

    DUESSELDORF/FRANKFURT, Dec (Shanghai: 600875.SS - news) 20 (Reuters) - Some investors in German industrial conglomerate Thyssenkrupp are becoming impatient with the pace of its restructuring, putting pressure on Chief Executive Heinrich Hiesinger to fix underperforming units and revive its flagging share price. Since he took over nearly seven years ago, shares in Thyssenkrupp are down about a fifth, underperforming an 87-percent rise in the DAX but better than the 55-percent decline of ArcelorMittal (LSE: 0NSF.L - news) , the world's biggest steelmaker. "There are areas that are lagging expectations and need fixing," one of Thyssenkrupp's top 20 shareholders said, declining to be named.

  • Reuters2 months ago

    Kloeckner & Co says not preparing offer for Thyssenkrupp unit

    German steel distributor Kloeckner & Co is not working on a bid for Thyssenkrupp's Materials Services unit, a spokesman for the company said in response to a media report. German monthly Manager Magazin earlier reported that Kloeckner CEO Gisbert Ruehl would soon propose a joint venture under the leadership of his company, taking advantage of growing shareholder criticism over Thyssenkrupp's slow turnaround. "There are currently neither talks between Kloeckner & Co and Thyssenkrupp over a tie-up with the Material Services division nor are we preparing an offer for it," a Kloeckner & Co spokesman said.

  • Reuters - UK Focus2 months ago

    UK lawmakers say watchdog too slow on steelworker pensions

    LONDON, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - Britain's markets watchdog was accused on Wednesday of being an "archangel with feet of clay" for not dealing faster with concerns that steelworkers are being "ripped off" over their pensions, lawmakers said on Wednesday. Steelworkers in South Wales and northern England must decide what to do about their 15 billion pound ($20 billion) British Steel pension pot. The steelworkers must transfer to a new scheme or join a pensions lifeboat, the Pension Protection Fund, following the closure of their current pension scheme.

  • Reuters - UK Focus2 months ago

    German domestic demand for factory equipment seen rising

    FRANKFURT, Dec (Shanghai: 600875.SS - news) 12 (Reuters) - German engineering output is likely to grow at a steady 3 percent next year as domestic manufacturers begin to reinvest in equipment, compensating for slower export growth to China, industry association VDMA said on Tuesday. "We see the first signs that domestic demand is rising," VDMA Chief Economist Ralph Wiechers told a news conference at the organisation's headquarters. Domestic orders for machinery rose 6 percent in the three months to end-October, the VDMA said.

  • Reuters - UK Focus2 months ago

    Germany's VDMA sees UK engineering market stagnating under Brexit

    FRANKFURT, Dec (Shanghai: 600875.SS - news) 12 (Reuters) - German engineering association VDMA expects the British market to stagnate next year as manufacturers hold off investments in factory equipment while they wait for a degree of clarity in Brexit negotiations. The market is likely to grow by 1 percent in 2018, "if at all", VDMA Executive Director Thilo Brodtmann told a news conference on Tuesday, following expected growth of 5 percent this year. German engineering exports to Britain fell 4.5 percent in the first nine months of 2017, and the VDMA expects additional costs of 180 million euros ($212 million) a year for its members if Britain leaves the customs union.

  • Reuters - UK Focus2 months ago

    Germany's VDMA sees engineering output growth steady at 3 pct in 2018

    FRANKFURT, Dec (Shanghai: 600875.SS - news) 12 (Reuters) - German engineering output is likely to grow at a steady 3 percent next year as domestic manufacturers begin to reinvest in equipment, compensating for slower export growth to China, industry association VDMA said on Tuesday. Traditionally dependent on industrial exports, the economy is currently being lifted by domestic consumption.

  • ThyssenKrupp 1Q Profit Rises 52% Beating Estimates
    Bloomberg Video10 days ago

    ThyssenKrupp 1Q Profit Rises 52% Beating Estimates

    Feb.14 -- ThyssenKrupp CFO Guido Kerkoff discusses the company's earnings and performance. He speaks on "Bloomberg Daybreak: Europe."

  • Cevian's Forberg Says ThyssenKrupp Market Cap Should Be Double
    Bloomberg Videolast month

    Cevian's Forberg Says ThyssenKrupp Market Cap Should Be Double

    Jan.19 -- Lars Forberg, co-founder of Cevian Capital, discusses activist investing and his thoughts on ThyssenKrupp. He speaks with Erik Schatzker on "Bloomberg Surveillance."

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