|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.54 - 7.54|
|52 Week Range||5.69 - 8.45|
|Beta (5Y Monthly)||2.05|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.16 (2.14%)|
|Ex-Dividend Date||Feb 06, 2023|
|1y Target Est||N/A|
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Thyssenkrupp rose more than 5% as analysts said its fourth-quarter performance and planned cost-cutting should be taken positively by investors.
Thyssenkrupp has written down the value of its steel business by €2.1bn, pushing Germany’s largest steelmaker into the red as it warns of low demand and prices amid the gloomy economic climate. The Essen-based company, which includes a submarine division and a bearings business, on Wednesday posted a net loss of €2bn for 2023, blaming high prices for gas and other raw materials for the hit to its energy-intensive steel business. Spot prices for steel had fallen this year, Thyssenkrupp said, lowering sales by its steel division 6 per cent to €12.4bn despite shipments remaining flat compared with the previous year.
(Bloomberg) -- Thyssenkrupp AG gained after the wrote down the value of its struggling steel business by a further €1.8 billion ($1.96 billion), boosting chances the company will finally succeed in offloading some of the business. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomMcKinsey and Its Peers Are Facing the Wildest Headwinds i