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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

THYSSENKRUPP AG

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Thyssenkrupp : steel unit aims for return to profit in fiscal year 2021/22 - WAZ

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08/21/2020 | 10:47am EDT
FILE PHOTO: ThyssenKrupp steel factory in Duisburg

Thyssenkrupp's steel division aims to return to profit in the 2021/22 fiscal year, encouraged by a recent slight recovery after a slump due to the coronavirus pandemic, the head of the division told a newspaper.

Unit head Bernhard Osburg, however, told WAZ daily that to achieve that return to profitability in the fiscal year beginning on Oct. 1, 2021, the business had its work cut out.

"We are reorganising our plant network and cutting costs also via job cuts. At the same time we need some tail wind from the business cycle. A lot depends on the auto industry," said Osburg.

The business, which made an operating loss of about 700 million euros (628 million pounds) for the nine months through June, is likely to produce only slightly more than 9 million tonnes of steel this year, down from a recent annual average of more than 11 million tonnes, the executive added.

Of its 27,000 workers, about 15,000 are currently on a government-backed reduced hours scheme and will remain so until at least the end of the year, he said.

(Reporting by Ludwig Burger; Editing by Susan Fenton)


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Financials
Sales 2020 28 758 M 33 771 M 33 771 M
Net income 2020 6 646 M 7 805 M 7 805 M
Net cash 2020 5 203 M 6 110 M 6 110 M
P/E ratio 2020 0,31x
Yield 2020 0,34%
Capitalization 2 520 M 2 963 M 2 959 M
EV / Sales 2020 -0,09x
EV / Sales 2021 -0,06x
Nbr of Employees 155 446
Free-Float 58,2%
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Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 6,85 €
Last Close Price 4,05 €
Spread / Highest target 152%
Spread / Average Target 69,2%
Spread / Lowest Target 21,0%
EPS Revisions
Managers
NameTitle
Martina Merz Chief Executive Officer
Siegfried Russwurm Chairman-Supervisory Board
Klaus Keysberg Chief Financial Officer
Martin Holz Chief Information Officer
Susanne Herberger Member-Supervisory Board
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