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

THYSSENKRUPP (TKA)
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ThyssenKrupp : to develop Egypt fertiliser firm

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09/28/2017 | 10:11am CEST

ThyssenKrupp Industrial Solutions in Egypt is investing E133 million ($156 million) to expand and develop the machinery of Abu Qir Fertilizers, a report said.

The project will start by the beginning of the next year, and the contracts will be concluded soon, Thore Lohmann, country CEO of ThyssenKrupp Egypt was quoted as saying by Daily News Egypt.

Abu Qir Fertilizers has announced earlier that two acid and nitrate units had been established with a capacity of 600 tonnes per day, according to the report. The company has achieved profits of EGP2.23 billion ($132 million) in the last fiscal year, which ended in June, compared to EGP1.02 billion in the one before last.

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.

آ© Copyright 2014 www.tradearabia.com

(c) 2017 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 41 465 M
EBIT 2017 1 668 M
Net income 2017 -174 M
Debt 2017 3 393 M
Yield 2017 0,87%
P/E ratio 2017 -
P/E ratio 2018 13,93
EV / Sales 2017 0,43x
EV / Sales 2018 0,42x
Capitalization 14 533 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 28,6 €
Spread / Average Target 22%
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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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