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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 djnews.frankfurt@dowjones.com

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

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Financials (€)
Sales 2016 40 073 M
EBIT 2016 1 437 M
Net income 2016 398 M
Debt 2016 4 638 M
Yield 2016 0,92%
P/E ratio 2016 27,80
P/E ratio 2017 13,75
EV / Sales 2016 0,41x
EV / Sales 2017 0,39x
Capitalization 11 930 M
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Number of Analysts 27
Average target price 23,2 €
Spread / Average Target 10%
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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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