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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp    TKA   DE0007500001

THYSSENKRUPP

(TKA)
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Thyssenkrupp : 1Q Profit Rose; Gives Update on Restructuring

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02/12/2019 | 01:18am EDT

By Nathan Allen

Thyssenkrupp AG (TKA.XE) said Tuesday that net profit rose in the first quarter of its fiscal year, and provided an update on the planned separation of its businesses.

The steel-and-technology company said net profit in the October-December period rose nearly 70% to 136 million euros ($153.7 million) from EUR81 million a year earlier.

In the year-earlier period Thyssenkrupp's earnings took a hit from the effects of U.S. tax reforms.

Sales edged up to EUR9.74 billion from EUR9.54 billion, while orders rose 8% to EUR10.11 billion, the company said.

Thyssenkrupp said the separation of its businesses into two separate companies is fully on schedule and the two companies are set to begin operations in October.

General and administrative costs for both companies should be below EUR300 million in FY21, the company said.

Thyssenkrupp confirmed its financial forecasts for the current fiscal year but warned economic and political uncertainties are growing.

Write to Nathan Allen at nathan.allen@dowjones.com

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Financials (€)
Sales 2019 33 651 M
EBIT 2019 1 086 M
Net income 2019 818 M
Debt 2019 4 347 M
Yield 2019 1,58%
P/E ratio 2019 10,90
P/E ratio 2020 9,03
EV / Sales 2019 0,38x
EV / Sales 2020 0,37x
Capitalization 8 498 M
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Technical analysis trends THYSSENKRUPP
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 18,1 €
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Guido Kerkhoff Chief Executive & Financial Officer
Martina Merz Chairman-Supervisory Board
Martin Holz Chief Information Officer
Bernhard Pellens Member-Supervisory Board
Wilhelm Segerath Member-Supervisory Board
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1st jan.Capitalization (M$)
THYSSENKRUPP-12.05%9 602
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NUCOR11.95%17 744
NIPPON STEEL CORP11.07%17 350
NOVOLIPETSK STEEL PAO--.--%16 152