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

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Thyssenkrupp : Bundles Forging Activities in Move Away From Fuel Engine Dependency

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10/04/2017 | 09:52am CEST
   By Max Bernhard 
 

Thyssenkrupp AG (TKA.XE) said Wednesday it plans to bundle its global forging activities into a new business unit, in an effort to enter new markets and decrease the business's dependency on providing parts for combustion engines.

The new unit, Forged Technologies, will be part of Thyssenkrupp's components division and have annual revenues of more than 1 billion euros ($1.17 billion), Thyssenkrupp said.

The German steel and industrial company expects the move will allow the unit to enter new markets and industries, and become less dependent on producing components for conventional combustion engines, said Karsten Kroos, chief executive of the components division. The mobility, raw materials and energy production sectors could be targeted with new products, the company said.

Thyssenkrupp has adjusted its automobile product portfolio towards undercarriage technology in the past years, with motor components constituting only 20% of revenue at present, Mr. Kroos said.

"By developing new forging products for new markets and clients, we want to decrease that share even further in the future and increase growth potential in the industrial components business instead," Mr. Kroos said.

Write to Max Bernhard at [email protected]; @mxbernhard

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Financials (€)
Sales 2017 41 431 M
EBIT 2017 1 664 M
Net income 2017 -170 M
Debt 2017 3 469 M
Yield 2017 0,86%
P/E ratio 2017 -
P/E ratio 2018 14,01
EV / Sales 2017 0,44x
EV / Sales 2018 0,42x
Capitalization 14 620 M
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Technical analysis trends THYSSENKRUPP
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 28,5 €
Spread / Average Target 21%
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
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