Thyssen-Krupp remains on course

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Thyssen-Krupp remains on course

The Essener Verbund-the group writes in the black again. Thyssen-Krupp CEO Heinrich Hiesinger is aiming for a profit of two billion euros before taxes. Per share gives a dividend of 15 cents.

“The sum of the parts creates more value than any single division could ever say.” So the motto of Thyssen-Krupp CEO Heinrich Hiesinger, he also at the annual General meeting, not move them. Prosperous divisions of the company such as elevators or the Autozulieferbereich stand for Hiesinger is definitely not for sale.

After years of plummeting sees Hiesinger, with its concept of “diversified industrial group” confirmed, writes Thyssen-Krupp, but now back in the black. Had the shareholders in the years 2013 and 2014, forgoing a dividend, so now there is per share at 15 cents, four cents more than in the previous year. The bottom line is pouring out of the group, almost 85 million euros to the shareholders.

The Thyssen-Krupp AG is one of over 230,000 shareholders. The biggest share, with slightly more than 23 percent holding of the Krupp Foundation, which the course of Heinrich Hiesinger is based. In contrast to the Swedish financial investor Cevian, which has about 15 percent of the second largest package.

Yet, together with the workers ‘ representatives leads to the Foundation of the Supervisory Board, there is no way. In this respect, Heinrich Hiesinger, has a contract until 2020, Verbund strategy to continue. His stated goal is a profit before interest and taxes in the amount of two billion euros. At one time, it can be however not set.

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“Debt more than halved”

Behind Thyssen-Krupp are years of deficits. Arguably the biggest crisis of the company resulted from the construction of two steel mills in Overseas. The plants in Brazil and the United States proved to be a bottomless pit. Instead of the estimated three billion cost, Thyssen-Krupp these projects over twelve billion euros. In the financial statements, there were then in debt to the tune of more than six billion euros. For the plant in the U.S. was found after a long Search for a buyer.

Meanwhile, Hiesinger, you could see the net debt of 3.4 billion euros to reduce and at the same time, the equity ratio of seven to nine percent increase. Critics, however, is still too little. In advance of the annual meeting, there were, for example, also claims that major shareholders such as the Krupp Foundation, in the interest of financial stabilization of the company on the payout of the dividend would have had to do without.

The Steel Mill In Duisburg-Bruckhausen. Earlier shaped the works of Thyssen and Krupp, the whole Ruhr region.

Thyssen-Krupp CEO Hiesinger sees itself nevertheless on the right track. Finally, he may, after years of heavy losses in the black again present. The group reported a net profit of 268 million euros corresponds to an increase of impressive 37 percent compared to the previous year. Even the Stahlsparte, with Thyssen-Krupp about 30 percent of the revenue generated, contributed to gains in. The European steel sector under the Umbrella scored with just under 500 million Euro pre-tax profit, a significant improvement.

This one has at Duisburg’s recent 200 million Euro in the technical upgrade of the largest blast furnace in Europe invested. However, when steel falls to look ahead more than skeptical. As before, there is a high import pressure, as China has excess capacity of more than 200 million tons per year to be dumped on the market. Price, with steel producers in Europe can not keep up.

“Components and lifts bring billion”

The word ” China sees the Thyssen-Krupp but not only black. That the automobile market in China continues to grow, it also benefits from the Essene group. For example, the Komponentensparte of Thyssen-Krupp about 14 percent of its sales in China. And the trend is rising. In addition, upon the market in the U.S. as robust. To the most important buyers in Germany include automobile companies such as VW, BMW and Mercedes. Under roof and tray are already contracts in the order of several billion euros. Heinrich Hiesinger: “The Komponentensparte has already about 60 percent of the planned volume in the year 2020 due to orders secured.”

Dazzling runs it for Thyssen-Krupp also in the category of elevators, about a third of their turnover. Hiesinger is an increase in the profit margin to 15 percent and thus more than one billion in earnings. In the past financial year provided the Aufzugssparte with 800 million euros, around half of the operative net profit of nearly 1.7 billion euros. A sale of this division will not be considered.

Just because a diversified industrial group, the integrated led will, be able, to save costs. For example, through the pooling of research or the purchasing Department. Just so you have a saving of 2.7 billion euros. The message to shareholders is: the chosen course pays off. Heinrich Hiesinger at least this is the Konzernprognose for the current fiscal year from an earnings growth of 13 percent.