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

Real-time Quote. Real-time Tradegate - 09/27 10:45:06 am
21.03 EUR   -0.24%
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 

ThyssenKrupp AG : ThyssenKrupp may seek compensation for Steel Americas

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/09/2012 | 06:02pm CEST

ThyssenKrupp is considering demanding compensation from its former chief executive and other managers for costly investments in steel plants in Brazil and the United States.

A spokesman for ThyssenKrupp confirmed on Sunday a Der Spiegel magazine report that supervisory board chairman Gerhard Cromme had mandated a law firm to determine whether former Chief Executive Ekkehard Schulz and other former board members had knowingly provided wrong information regarding the investments.

The spokesman said the expert report would find out whether the company could seek compensation.

"But the results are not yet there," he said.

Schulz, who joined the supervisory board after his CEO contract expired in January last year, stepped down as director on December 31 in response to criticism about the investments in Brazil and the United States.

The company last week parted ways with three board members in a major shake-up largely due to the Steel Americas fallout.

In 2011, ThyssenKrupp swung to a 1.8 billion euro net loss for its financial year due to a 2.1 billion euro writedown for Steel Americas.

Analysts forecast another a 1 billion euro loss for the Steel Americas unit when the company releases full-year results on December 11.

The unit's new facilities, which started operation in 2010, have been dogged by cost overruns and start-up delays since they were built in 2007.

(Reporting By Marilyn Gerlach; Additional Reporting by Tom Kaeckenhoff; editing by Jane Baird)

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 1 437 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
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 10%
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%13 415
VALE SA49.56%26 783
NIPPON STEEL & SUMITOM..-16.16%19 088
ARCELORMITTAL79.40%18 647
POSCO--.--%17 772
NUCOR CORPORATION21.39%15 574
More Results