ThyssenKrupp AG (TKAG.DE) Key Developments |
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ThyssenKrupp AG (TKAG.DE)

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Latest Key Developments (Source: Significant Developments)

Thyssenkrupp says acquisition of minority stake in CSA completed
Wednesday, 1 Jun 2016 01:01am EDT 

Thyssenkrupp AG : Thyssenkrupp says all conditions to complete transaction have been fulfilled . Says now sole owner of Brazilian steel plant Thyssenkrupp CSA . Thyssenkrupp says transaction has not created need for financing Further company coverage: [TKAG.DE] ((; +496975651270;)).  Full Article

Thyssenkrupp says going for pricing versus volume
Tuesday, 10 May 2016 08:59am EDT 

Thyssenkrupp : CFO says AST is also on list of non-core assets we'd like to dispose of . CFO says in negotiations on some big-ticket contracts for industrial solutions . Says price pressure in elevators in China in single-digit percent . CFO says definitely wants to sell Brazilian CSA but not so easy in current market . CFO says going for pricing versus volume in Steel Europe, contract/spot focus not shifting Further company coverage: [TKAG.DE] (Reporting By Georgina Prodhan) ((;)).  Full Article

Thyssenkrupp sees Q3 adjusted EBIT down y/y, up q/q-slides
Tuesday, 10 May 2016 01:31am EDT 

Thyssenkrupp says sees Q3 Adjusted EBIT Down Y/Y, Up Q/Q : Says sees H2 adjusted EBIT above h1 for capital goods and all materials -slides . Says sees significant improvement in Q3 adjusted EBIT q/q -slides . Sees significant sequential improvement in cash flow in Q3 and H2 . Sees positive free cash flow before M&A in H2 -slides Further company coverage: [TKAG.DE] (Reporting By Georgina Prodhan) ((;)).  Full Article

ThyssenKrupp AG - German union IG Metall says to strike in nortrhein-westfalia - Reuters News
Thursday, 14 Apr 2016 01:01pm EDT 

ThyssenKrupp AG:Says to strike in Nortrhein-Westfalia from april 29 in metal and electronics industry - RTRS.  Full Article

ThyssenKrupp raises issue amount of March 2016 bond by 100 mln euros
Friday, 18 Mar 2016 07:28am EDT 

ThyssenKrupp AG:Says has increased issue amount of 2.75 pct bond issued in March 2016 by 100 million euros to a total of 850 million​ euros.  Full Article

ThyssenKrupp AG to revamp Industrial Solutions -Handelsblatt - Reuters News
Thursday, 17 Mar 2016 09:33am EDT 

ThyssenKrupp AG:Head of the Industrial Solutions division tells Handelsblatt that Thyssenkrupp will reorganise the business to deal with slowing economies in important markets.Jens Michael Wegmann says the company is still happy with current economic developments but: "We feel the strong competition - we have to position ourselves differently".Wegmann says whether any of the division's 19,000 jobs will be cut depends less on the new organisation than on the development of order intake.  Full Article

ThyssenKrupp issues bond with a volume of 750 million euros
Monday, 29 Feb 2016 07:00pm EST 

ThyssenKrupp AG:Issues bond with a volume of 750 million euros.Bond, which was issued with a maturity of 5 years, carries a coupon of 2.75 percent p.a. at an issue price of 99.425 percent.Bond has a minimum denomination of 1,000 euros and is therefore eligible to be bought at the stock exchange by retail investors - presumably starting on March 8.  Full Article

ThyssenKrupp builds new auto parts plant in Hungary - Reuters
Tuesday, 23 Feb 2016 03:15am EST 

ThyssenKrupp AG:Is investing 100 million euros to build a new engine and steering components plant in Hungary - Reuters.  Full Article

ThyssenKrupp agrees exclusive graphite deal with Elcora
Monday, 22 Feb 2016 07:00pm EST 

ThyssenKrupp AG:Says agrees exclusive graphite marketing deal with Elcora Advanced Materials Corp.Says to be sole distributor in EU, Russia, Rurkey, USA, Canada.Says deal to run for 10 years, can be extended for further five.Says deal with Elcora, JV partner Sakura Graphite Ltd, to have volume of roughly 9,000 tonnes per year in 5 yrs.  Full Article

ThyssenKrupp AG confirms FY 2015/2016 outlook
Thursday, 11 Feb 2016 07:00pm EST 

ThyssenKrupp AG:Still expects clear improvement in net income and value added, free cash flow before M&A level with prior year and adjusted EBIT of between 1.6 billion and 1.9 billion euros for FY 2015/2016.Key to achieving these targets for FY 2015/2016, besides performance of material markets, will once again be efficiency measures, which are expected to achieve EBIT effects of 850 million euros.  Full Article

Thyssenkrupp CEO says unclear how steel mergers would happen

DUISBURG, Germany The chief executive of German industrial group Thyssenkrupp, Heinrich Hiesinger, told journalists on the sidelines of an industry event on Monday it was unclear whether, how or with whom the European steel market would consolidate.