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MarketScreener Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

THYSSENKRUPP AG

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thyssenKrupp : German economy minister says EU will support steelworkers

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09/21/2020 | 03:53am EDT

BERLIN, Sept 21 (Reuters) - German Economy Minister Peter Altmaier said the European Union would support steelworkers through the transition to environmentally-friendly manufacturing, even though this would be more costly at a time of global overcapacity.

Speaking before a meeting of EU trade ministers in Berlin on Monday, he said that steelmaking, alongside the chemicals and raw materials industries were among the bloc's core competencies and needed to be preserved.

European producers have long worried that overseas production, especially in China, will render them uncompetitive. The European Commission has floated the idea of a tax on imports that are produced in an environmentally harmful manner.

"We don't want to abandon Europe's steelworkers, and we will not," Altmaier said on Monday. (Reporting by Andreas Rinke; writing by Thomas Escritt; editing by Thomas Seythal)


Stocks mentioned in the article
ChangeLast1st jan.
SALZGITTER AG -0.83% 12.5 Delayed Quote.-36.74%
THYSSENKRUPP AG 2.50% 4.095 Delayed Quote.-65.99%
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Financials
Sales 2020 28 758 M 33 489 M 33 489 M
Net income 2020 6 646 M 7 739 M 7 739 M
Net cash 2020 5 203 M 6 059 M 6 059 M
P/E ratio 2020 0,31x
Yield 2020 0,33%
Capitalization 2 549 M 2 971 M 2 969 M
EV / Sales 2020 -0,09x
EV / Sales 2021 -0,06x
Nbr of Employees 155 446
Free-Float 58,2%
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Technical analysis trends THYSSENKRUPP AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 6,85 €
Last Close Price 4,10 €
Spread / Highest target 149%
Spread / Average Target 67,3%
Spread / Lowest Target 19,7%
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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