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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

THYSSENKRUPP AG

(TKA)
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Thyssenkrupp : Has Started Process to Evaluate Offers For Elevator Unit

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09/04/2019 | 08:29am EDT

By Max Bernhard

Thyssenkrupp AG (TKA.XE) has started a process to evaluate offers from strategic and financial investors to buy its elevator unit, a company spokeswoman said Wednesday.

"We have clearly stated that, in addition to preparing for the IPO, we are also examining expressions of interest from potentially interested parties. We are doing this diligently. We have therefore initiated a structured process to evaluate offers from strategic and financial investors ensuring a decision that is sustainable and the best for Thyssenkrupp and its stakeholders," she said.

Thyssenkrupp shares traded 3.4% higher at EUR10.99 at 1209 GMT.

Thyssenkrupp's statement comes after a report by German daily Handelsblatt, which cited unnamed industry sources as saying that the German industrial heavyweight's management has written letters to potential interested parties over the past days, inviting them to submit an offer.

In May, Thyssenkrupp said it was dropping its plan to split into two companies and would instead pursue an initial public offering of the elevator unit.

Write to Max Bernhard at max.bernhard@dowjones.com

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Financials (EUR)
Sales 2019 41 181 M
EBIT 2019 814 M
Net income 2019 -31,9 M
Debt 2019 3 994 M
Yield 2019 1,12%
P/E ratio 2019 -110x
P/E ratio 2020 16,6x
EV / Sales2019 0,30x
EV / Sales2020 0,30x
Capitalization 8 161 M
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Technical analysis trends THYSSENKRUPP AG
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 13,08  €
Last Close Price 13,14  €
Spread / Highest target 25,6%
Spread / Average Target -0,43%
Spread / Lowest Target -49,4%
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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