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

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ThyssenKrupp AG : ThyssenKrupp Supervisory Board Chairman Says Won't Step Down - Report

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12/16/2012 | 05:56pm CEST

The chairman of German steelmaker ThyssenKrupp AG's (TKA.XE) supervisory board has brushed off calls for him to step down following hefty losses from two overseas steel plants and a corruption scandal earlier in the year, according to the magazine Der Spiegel.

"I'm not someone who runs away from his responsibility" and won't step down, the magazine quotes Gerhard Cromme as saying Sunday.

ThyssenKrupp last week dismissed three executive board members after losses from plants in the U.S. and Brazil contributed to a 4.7 billion euro ($6.19 billion) loss in the fiscal year ending Sept. 30, and in the wake of price-fixing allegations.

Mr. Cromme said the outlook for the steel plants concerned was "much too optimistic" and turned out to be wrong.

Several politicians and shareholder associations last week called on Mr. Cromme to step down.

Magazine Web site: www.spiegel.de

Write to the Frankfurt Bureau at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials (€)
Sales 2017 40 882 M
EBIT 2017 1 732 M
Net income 2017 497 M
Debt 2017 4 181 M
Yield 2017 1,01%
P/E ratio 2017 34,35
P/E ratio 2018 12,49
EV / Sales 2017 0,40x
EV / Sales 2018 0,37x
Capitalization 12 148 M
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Number of Analysts 26
Average target price 26,0 €
Spread / Average Target 21%
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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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