|Bid||5.96 x 142800|
|Ask||5.96 x 10700|
|Day's Range||5.73 - 6.00|
|52 Week Range||4.82 - 11.35|
|Beta (5Y Monthly)||2.23|
|PE Ratio (TTM)||4.04|
|Earnings Date||Aug 11, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 04, 2019|
|1y Target Est||11.18|
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Germany's Thyssenkrupp said on Friday it would not pursue an initial public offering (IPO) of its hydrogen division Nucera for now, amid a volatile market that has already delayed numerous listings. Thyssenkrupp said an IPO still remained the preferred solution to grow Nucera, a 66-34 joint venture with Italy's De Nora, itself an IPO candidate. "Considering the current stock market environment, Thyssenkrupp has decided to refrain from an IPO of Thyssenkrupp Nucera at this point in time," Thyssenkrupp said in a statement.
A jump in steel prices more than outweighs higher production costs. That could provide a tailwind for shares of three steel makers.
FRANKFURT (Reuters) -Shares in Thyssenkrupp gained the most in 18 months after the German car parts-to-submarines conglomerate raised its outlook for sales and operating profit in 2022, reflecting a strong recovery rise in selling prices of steel and materials. Adjusted earnings before interest and tax (EBIT) are now forecast to grow to at least 2 billion euros ($2.1 billion), the group said. It previously expected adjusted EBIT of 1.5 billion to 1.8 billion euros.