Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 09/26 05:35:11 pm
21.08 EUR   -0.26%
09/21 ELCORA ADVANCED : Appoints New General Manager at Sakura - Ragedara ..
09/20 ELCORA ADVANCED : Appoints New General Manager at Sakura
09/19 THYSSENKRUPP : Acquires 26.87% in Companhia Siderurgica from Vale
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

German Cartel Office Issues First Fines in Rail Cartel Probe

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/05/2012 | 11:13am CEST

By Monica Houston-Waesch

Germany's cartel office Thursday issued fines totaling 124.5 million euros ($156.5 million) to companies in a rail cartel probe.

The fines relate to the initial part of the investigation into whether manufacturers made cartel agreements on the supply of rail to Germany's Deutsche Bahn, to the disadvantage of the railway company. The fines aren't legally binding and may be appealed.

ThyssenKrupp AG (>> ThyssenKrupp AG) unit ThyssenKrupp GfT Gleistechnik GmbH was fined EUR103 million, Vossloh AG unit Stahlberg Roensch GmbH was fined EUR13 million, and two units of Austrian steelmaker voestalpline AG (VOE.VI) were fined a total of EUR8.5 million.

"This case shows anew that public tenders require strong scrutiny," the office said in a statement.

In a statement, voestalpine said its fine would have been several times higher without its prompt cooperation in the probe.

ThyssenKrupp said it would accept the fine to settle this part of the case, and that investigations are still underway regarding two other product areas. The company has made a provision of EUR30 million for the remainder of the probe, it said in a statement.

The cartel office said it would expand the investigation to other areas, including the supply of rail to regional and local railways.

Write to Monica Houston-Waesch at nikki.houston@dowjones.com

Stocks mentioned in the article : ThyssenKrupp AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THYSSENKRUPP AG
09/21 ELCORA ADVANCED MATERIALS : Appoints New General Manager at Sakura - Ragedara Mi..
09/20 ELCORA ADVANCED MATERIALS : Appoints New General Manager at Sakura
09/20 ELCORA ADVANCED MATERIALS : Appoints New General Manager at Sakura - Ragedara Mi..
09/19 HOLOLENS : the virtual reality headset for elevator repair
09/19 THYSSENKRUPP : Acquires 26.87% in Companhia Siderurgica from Vale
09/18 THYSSENKRUPP : introduces novel technology in elevators
09/17 THYSSENKRUPP : AMC for Elevator - THYSSENKRUPP
09/16 THYSSENKRUPP : Hamilton manufacturer hiring 65 new employees
09/15 THYSSENKRUPP UNVEILS LATEST TECHNOLO : Microsoft HoloLens, for enhancing interve..
09/14 TATA STEEL : merger worries workers with a precedent
More news
Sector news : Steel - NEC
09/23 ANGLO AMERICAN : names new finance director
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
09/23DJU.S. Steelmakers Ready China Complaints -- WSJ
09/23DJFORTESCUE METALS : CFO to Resign; Ex-Rio Executive to Become Operations Head
More sector news : Steel - NEC
News from SeekingAlpha
08/12 ThyssenKrupp posts Q3 profit beat, says Brexit will not affect Tata talks
08/12 ThyssenKrupp's (TYEKF) CEO Heinrich Hiesinger on Q2 2016 Results - Earnings C..
08/11 ThyssenKrupp AG reports FQ3 results
07/11 ThyssenKrupp in talks with Tata Steel about European steel plants
07/01 LATIN AMERICA'S MORNING ESPRESSO : July 1
Advertisement
Financials (€)
Sales 2016 40 073 M
EBIT 2016 1 436 M
Net income 2016 398 M
Debt 2016 4 638 M
Yield 2016 0,92%
P/E ratio 2016 27,87
P/E ratio 2017 13,79
EV / Sales 2016 0,41x
EV / Sales 2017 0,39x
Capitalization 11 961 M
More Financials
Chart THYSSENKRUPP AG
Duration : Period :
ThyssenKrupp AG Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Full-screen chart
Technical analysis trends THYSSENKRUPP AG
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 23,2 €
Spread / Average Target 9,8%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP AG14.94%13 428
VALE SA49.56%27 286
NIPPON STEEL & SUMITOM..-16.16%19 027
ARCELORMITTAL79.40%18 890
POSCO--.--%17 951
NUCOR CORPORATION21.39%15 539
More Results