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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp    TKA   DE0007500001

THYSSENKRUPP

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Thyssenkrupp : 1Q Profit Rose; Gives Update on Restructuring

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02/12/2019 | 01:18am EST

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 33 512 M
EBIT 2019 1 129 M
Net income 2019 901 M
Debt 2019 4 565 M
Yield 2019 1,52%
P/E ratio 2019 10,34
P/E ratio 2020 8,07
EV / Sales 2019 0,38x
EV / Sales 2020 0,37x
Capitalization 8 255 M
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Technical analysis trends THYSSENKRUPP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 20,8 €
Spread / Average Target 57%
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
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP-11.48%9 323
ARCELORMITTAL11.08%23 266
POSCO--.--%20 556
NUCOR15.29%18 183
NIPPON STEEL & SUMITOMO METAL CORP9.69%17 474
NOVOLIPETSK STEEL PAO--.--%14 139