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4-Traders Homepage  >  Equities  >  Xetra  >  ThyssenKrupp    TKA   DE0007500001

THYSSENKRUPP (TKA)
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ThyssenKrupp : develops two production units in Abu Qir Fertilizers for €133m

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09/28/2017 | 06:45pm CEST

ThyssenKrupp Industrial Solutions in Egypt allocated €133m worth of investments to expand and develop the machinery of Abu Qir Fertilizers.

The project will start by the beginning of the next year, and the contracts will be concluded soon, according to Thore Lohmann, country CEO of ThyssenKrupp Industrial Solutions in Egypt.

He said that the company has contributed to the construction of 15 out of 16 fertiliser factories in Egypt. He stressed that his company uses advanced technology to ensure high efficiency and to meet the future challenges of the market.

Abu Qir Fertilizers has announced earlier that two acid and nitrate units had been established with a capacity of 600 tonnes per day.

The company has achieved profits of EGP 2.23bn in the last fiscal year, which ended in June, compared to EGP 1.02bn in the one before last.

Abu Qir Fertilizer’s capital is estimated at EGP 1.89bn, distributed over 126.18 million shares at a nominal value of EGP 15 per share.

Lohmann added that ThyssenKrupp was negotiating with other fertiliser companies to implement expansion and development of equipment, adding that other contracts would be concluded in the first quarter of the next year.

(c) 2017 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 41 440 M
EBIT 2017 1 665 M
Net income 2017 -170 M
Debt 2017 3 469 M
Yield 2017 0,87%
P/E ratio 2017 -
P/E ratio 2018 13,95
EV / Sales 2017 0,44x
EV / Sales 2018 0,42x
Capitalization 14 583 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 28,4 €
Spread / Average Target 21%
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Managers
NameTitle
Heinrich Hiesinger Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Guido Kerkhoff Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Independent Member-Supervisory Board
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