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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp    TKA   DE0007500001

THYSSENKRUPP (TKA)
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ThyssenKrupp : to develop Egypt fertiliser plant

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09/29/2017 | 12:18pm CEST

ThyssenKrupp Industrial Solutions in Egypt is investing 133 million ($156 million) to expand and develop the machinery of Abu Qir Fertilizers, a report said.

The project will start by the beginning of the next year, and the contracts will be concluded soon, Thore Lohmann, country CEO of ThyssenKrupp Egypt was quoted as saying by Daily News Egypt.

Abu Qir Fertilizers has announced earlier that two acid and nitrate units had been established with a capacity of 600 tonnes per day, according to the report. The company has achieved profits of EGP2.23 billion ($132 million) in the last fiscal year, which ended in June, compared to EGP1.02 billion in the one before last.

Lohmann added that ThyssenKrupp was negotiating with other fertiliser companies to implement expansion and development of equipment, adding that other contracts would be concluded in the first quarter of the next year.

(c) 2017 Ventures Africa. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2018 41 471 M
EBIT 2018 1 756 M
Net income 2018 795 M
Debt 2018 5 309 M
Yield 2018 0,91%
P/E ratio 2018 17,11
P/E ratio 2019 13,03
EV / Sales 2018 0,44x
EV / Sales 2019 0,45x
Capitalization 12 787 M
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Number of Analysts 18
Average target price 27,2 €
Spread / Average Target 32%
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NameTitle
Guido Kerkhoff Chief Executive & Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Independent Member-Supervisory Board
Wilhelm Segerath Member-Supervisory Board
Susanne Herberger Member-Supervisory Board
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