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

THYSSENKRUPP (TKA)
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Thyssenkrupp : 1Q Profit Soared on Higher Sales, Rising Steel Prices

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02/14/2018 | 07:25am CET
   By Nathan Allen 
 

Thyssenkrupp AG's (TKA.XE) net profit for the first quarter of its fiscal year increased almost ten-fold due to higher sales, stronger steel prices and high one-off costs in the year-earlier period, the company said Wednesday.

Net income for October-December was 78 million euros ($95.7 million), up from EUR8 million a year earlier. The quarterly profit figure includes an EUR87 million hit from the recent U.S. tax reforms, the company said.

Net sales fell 3% on year to EUR9.82 billion, Thyssenkrupp said.

The company's closely watched adjusted earnings before interest and taxes, or EBIT, climbed to EUR444 million from EUR291 million, thanks largely to higher earnings at its steel business, which benefited from a continued price recovery, Thyssenkrupp said.

In the capital goods business, both the elevator technology unit and the components technology unit reported slightly higher earnings. However, adjusted EBIT at the industrial solutions unit fell to EUR12 million from EUR42 million.

Thyssenkrupp attributed the fall to an unfavorable comparison effect, as it booked a large order in the first quarter of the previous year.

The company confirmed its fiscal-year guidance of clearly positive net income and adjusted EBIT of between EUR1.8 billion and EUR2 billion.

Write to Nathan Allen at [email protected]

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Financials (€)
Sales 2018 42 136 M
EBIT 2018 1 976 M
Net income 2018 893 M
Debt 2018 1 930 M
Yield 2018 1,05%
P/E ratio 2018 15,91
P/E ratio 2019 12,22
EV / Sales 2018 0,38x
EV / Sales 2019 0,38x
Capitalization 14 187 M
Chart THYSSENKRUPP
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thyssenKrupp Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Technical analysis trends THYSSENKRUPP
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 28,7 €
Spread / Average Target 26%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP-6.34%17 442
ARCELORMITTAL3.96%36 054
POSCO--.--%29 150
NIPPON STEEL & SUMITOMO METAL CORP-11.95%22 489
NUCOR5.30%21 253
FOSUN INTERNATIONAL LIMITED-0.35%18 968