TKA.F - thyssenkrupp AG

Frankfurt - Frankfurt Delayed Price. Currency in EUR
11.82
+0.02 (+0.17%)
At close: 4:44PM CEST
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Previous Close11.80
Open11.89
Bid11.81 x 280700
Ask11.84 x 280400
Day's Range11.71 - 11.89
52 Week Range11.09 - 23.68
Volume9,003
Avg. Volume18,232
Market Cap7.34B
Beta (3Y Monthly)0.82
PE Ratio (TTM)N/A
EPS (TTM)-0.44
Earnings DateN/A
Forward Dividend & Yield0.15 (1.19%)
Ex-Dividend Date2019-02-04
1y Target Est28.65
  • Thyssenkrupp names new steel business CEO to lead major overhaul
    Reuters3 days ago

    Thyssenkrupp names new steel business CEO to lead major overhaul

    Germany's Thyssenkrupp will promote Premal Desai to lead its steel division and restructure the business in the face of dwindling global demand, the elevators-to-submarines group said on Friday. Thyssenkrupp Steel Europe, whose roots go back more than 200 years, has suffered a sharp fall in profits and will bear the brunt of planned job cuts across the group. Of the 6,000 layoffs Thyssenkrupp is planning, 2,000 will come from Steel Europe, more than 7 percent of the division's workforce.

  • Reuters17 days ago

    Thyssenkrupp buys U.S. elevator firm as IPO share boost evaporates

    Thyssenkrupp on Friday strengthened its elevator division with a small takeover in the United States, ahead of a planned listing of the 14-billion euro ($15.6 billion) unit which has failed to revive the conglomerate's beaten shares. Thyssenkrupp has been in crisis mode for the past year and only three weeks ago scrapped an old restructuring plan - a spin-off of its capital goods units - in favour of a partial initial public offering (IPO) of its best asset: elevators. While initially welcomed by analysts and investors, shares in the company on Friday gave up all the gains they made following the strategic announcement in a major blow to Chief Executive Guido Kerkhoff's efforts to turn around the group.

  • Reuters17 days ago

    Thyssenkrupp buys U.S. elevator firm in local expansion push

    Thyssenkrupp on Friday said it bought the elevator unit of U.S.-based Nashville Machine Company, strengthening its own elevator business, which it plans to list on the stock exchange to bring in fresh funds. All of Nashville Machine Elevator's 130 employees will be taken on by Thyssenkrupp's elevator division, which is valued at about 14 billion euros ($15.6 billion), almost twice Thyssenkrupp's current market valuation. Nashville Machine Company has been maintaining and installing elevators for about a century, Thyssenkrupp, which earlier this month unveiled plans for a partial listing of Elevator Technology (ET), said.

  • Reuters21 days ago

    Thyssenkrupp in talks to end contract of steel division CEO

    Thyssenkrupp on Monday said it was in talks with the CEO of its steel division to end his contract, less than three weeks after the Germany group dropped plans merge the business with Tata Steel's European division. Thyssenkrupp and Tata abandoned the planned steel venture, saying they were not prepared to offer more concessions to European regulators. Thyssenkrupp instead opted to pursue a listing of its prized elevators business.

  • Reuters26 days ago

    Thyssenkrupp supervisory board leaves room for elevator sale: sources

    FRANKFURT/DUESSELDORF, Germany (Reuters) - Thyssenkrupp's supervisory board has left the door open for a potential sale of the group's elevator unit, which CEO Guido Kerkhoff prefers should be listed on the stock exchange, two people familiar with the matter said. The board, which approved Kerkhoff's new turnaround plan on Tuesday, unanimously backed the planned initial public offering (IPO) of a minority stake in Elevator Technology (ET), Thyssenkrupp's most profitable unit. Kerkhoff would have to review any offer for ET made by an outside party for the unit as part of his mandate, even though the listing is his plan A to raise cash and ease pressure on the group's stretched balance sheet, the people said.

  • Thyssenkrupp's supervisory board backs CEO's IPO strategy
    Reuters27 days ago

    Thyssenkrupp's supervisory board backs CEO's IPO strategy

    Thyssenkrupp's supervisory board on Tuesday said it unanimously approved Chief Executive Guido Kerkhoff's overhaul strategy, including a plan to list its prized elevators unit, the conglomerate said. "We have agreed that the executive board will now work out the concrete plans and begin the implementation," Thyssenkrupp Supervisory Board Chairwoman Martina Merz said in a statement following a meeting of the company's directors.

  • Turmoil at Thyssenkrupp marks battle for Germany's economic identity
    Reuterslast month

    Turmoil at Thyssenkrupp marks battle for Germany's economic identity

    When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate's future that could test Germany's brand of "social market" capitalism. Kerkhoff had little choice but to think the unthinkable when the company's share price sank to a 15-year low on May 8. Now Thyssenkrupp's future is in play, with activist investors on the one side baying for a restructuring of the group to drive up value, and its top shareholder - the charitable Krupp foundation - and workers on the other side with a mandate to protect the unity of the company and jobs.

  • Reuterslast month

    French Naval Group would look at Thyssen's marine unit if it goes on sale- Frankfurter Allgemeine

    France's Naval Group would consider buying Thyssenkrupp's marine division if the German steel-to-submarines conglomerate were to offer the unit for sale, a German newspaper cited a source close to the French group as saying. "We will look at the marine business of ThyssenKrupp if it is put on sale," Frankfurter Allgemeine newspaper cited the source as saying. A spokesman for Naval Group said the company had no comment to make on the report.

  • Thyssenkrupp shares rise on hopes of deal with Finland's Kone
    Reuterslast month

    Thyssenkrupp shares rise on hopes of deal with Finland's Kone

    Shares in Thyssenkrupp rose as much as 7.2% on Thursday after Reuters reported Finnish company Kone is assessing the viability of a bid for the German conglomerate's 14 billion euro (12 billion pounds) elevators division. Thyssenkrupp last week dropped plans to spin off its capital goods business after months of shareholder criticism, and opted instead to list elevators, its most profitable division. Four people familiar with the matter said it was not clear if Kone could fund an all-cash bid and whether or not the deal would face significant anti-trust hurdles similar to Thyssenkrupp's failed steel joint venture with India's Tata Steel.

  • Reuterslast month

    Thyssenkrupp's elevator unit posts margin drop ahead of IPO

    FRANKFURT/DUESSELDORF, Germany (Reuters) - Thyssenkrupp's elevator business, the conglomerate's crown jewel that it plans to list, saw operating margins fall in the second quarter due to higher material costs that also hit Swiss rival Schindler. The unit, which also competes with Finland's Kone and United Technologies Corp's Otis, is Thyssenkrupp's prize asset and investors have long demanded that it needs to be listed, merged with a peer, or sold. Adjusted operating profit (EBIT) margins at the division, however, fell to 10.6% in the second quarter, down from 11.6% a year earlier, Thyssenkrupp said on Tuesday.

  • Reuterslast month

    ThyssenKrupp elevator IPO likely to be in 2020 - union official

    FRANKFURT (Reuters) - Thyssenkrupp's planned stock market flotation of its elevator business is unlikely to happen this year but could take place in 2020, a senior union official said on Tuesday. The elevator ...

  • Reuterslast month

    ThyssenKrupp elevator IPO likely to be in 2020 -union official

    Thyssenkrupp's planned stock market flotation of its elevator business is unlikely to happen this year but could take place in 2020, a senior union official said on Tuesday. The elevator unit, whose initial ...

  • Reuterslast month

    Thyssenkrupp would pursue steel consolidation if there are options

    FRANKFURT (Reuters) - Thyssenkrupp will seek other partners for its steel business or explore strategic ways to develop it after a deal to merge the unit with Tata Steel's European division failed, its ...

  • Reuterslast month

    Germany's Thyssenkrupp to seek new steel partners, CEO tells paper

    Thyssenkrupp will still seek partners for its steel operations after abandoning a European merger with India's Tata Steel, Chief Executive Guido Kerkhoff said in comments published on Sunday. Kerkhoff ditched a restructuring plan on Friday, in which the merger was a key part, and resolved instead to transform the steel-to-submarines group into a holding company and list its profitable elevators business. The blueprint will go to a supervisory board vote on May 21.

  • Reuterslast month

    Germany's Thyssenkrupp agrees restructuring approach with labour leaders

    Management and labour leaders at Germany's Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs. Agreement was reached in talks between management and workers overnight on recognising the need for radical action, whilst ensuring fair treatment of employees at the Essen-based group, both sides said. CEO Guido Kerkhoff announced the overhaul on Friday, ditching plans to split the business into two and abandoning a European steel merger with India's Tata Steel.

  • Germany's Thyssenkrupp agrees restructuring approach with labor leaders
    Reuterslast month

    Germany's Thyssenkrupp agrees restructuring approach with labor leaders

    Management and labor leaders at Germany's Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs. Agreement was reached in talks between management and workers overnight on recognizing the need for radical action, whilst ensuring fair treatment of employees at the Essen-based group, both sides said. CEO Guido Kerkhoff announced the overhaul on Friday, ditching plans to split the business into two and abandoning a European steel merger with India's Tata Steel.

  • Ailing Thyssenkrupp drops split plan in favour of elevators float
    Reuterslast month

    Ailing Thyssenkrupp drops split plan in favour of elevators float

    Germany's Thyssenkrupp will embark on a fresh restructuring and list elevators, its most successful business, after regulatory opposition sunk plans to hive off its steel division, unravelling its previous break-up proposal. Under pressure from activist investors, Thyssenkrupp had tried to merge its steel unit with Tata Steel's European operations and split the rest of the conglomerate in two to highlight the value of its industrial businesses.

  • Elevator spin-off sends Thyssenkrupp short sellers running for cover
    Reuterslast month

    Elevator spin-off sends Thyssenkrupp short sellers running for cover

    Thyssenkrupp shares leapt 20 percent on Friday as investors rushed to cover bearish bets after the conglomerate announced plans to list its best business, a move long hoped-for by investors. Thyssenkrupp is considering a carve-out or listing of its elevators business after abandoning plans to split itself up with a cross-shareholding structure and pulling the plug on a joint venture with Tata Steel. The shares rose as investors scrambled to cover large bearish bets, analysts and traders said.