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Thyssenkrupp Elevators Gives Update On Regional EBIT Margins
thyssenkrupp Appoints Martin Stillger As CEO Of thyssenkrupp Materials Services
Thyssenkrupp Does Not Need Big Egos Today - CEO
thyssenkrupp AG is a Germany-based diversified industrial company. It operates in six segments: The Steel Europe segment produces flat carbon steel products; the Steel Americas segment processes and markets steel products in North and South America; the Materials Services segment engages in the global distribution of materials and the provision of technical services for the production and manufacturing sectors; the Elevator Technology segment specializes in the construction, modernization and servicing of elevators, escalators, moving walks, stair and platform lifts, as well as passenger boarding bridges; the Industrial Solutions segment offers engineering and construction services, and the Components Technology segment offers components for the automotive, construction and engineering sectors, as well as for wind turbines. Its product portfolio comprises construction vehicles, chemicals, packaging steel and parts for the wind energy and oil industries, among others.
Misc. Fabricated Products
ThyssenKrupp Allee 1
Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Independent Vice Chairman of the Supervisory Board, Employee Representative
Johannes M. Dietsch
Chief Financial Officer, Member of the Executive Board
Member of the Executive Board, Director of Human Resources and Labor Director
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Return on Equity (TTM)
Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to build near Berlin, a board member of the German conglomerate told a business daily.
Jens Tischendorf, a partner at activist fund Cevian, will leave the supervisory board of Thyssenkrupp <TKAG.DE> after his five-year term ends next month, the ailing conglomerate said on Thursday.
Germany's cartel authority said on Thursday it was fining the country's two large steel makers Thyssenkrupp and Salzgitter as well as Austria's Voestalpine for price fixing.
Thyssenkrupp's elevator unit, which has been put up for sale by the ailing conglomerate, will cut costs, add lucrative service contracts and boost factory efficiency in a bid to raise margins and increase its appeal to potential buyers.
The German factories operated by Thyssenkrupp's elevator division need to be optimized, the unit's chief executive said, adding talks with labor representatives have already started.
The German factories operated by Thyssenkrupp's elevator division need to be optimised, the unit's chief executive said, adding talks with labour representatives have already started.
Thyssenkrupp's elevator unit, which has been put on the block by the ailing conglomerate, aims to narrow a margin gap with rivals through cost cuts, more efficient factories and a higher share of lucrative service contracts, it said on Wednesday.
Thyssenkrupp <TKAG.DE>, whose attempt to merge its steel operations with a rival was thwarted by regulators earlier this year, now plans to transform the business into its biggest profit engine, according to an internal memo seen by Reuters.
Ailing conglomerate Thyssenkrupp <TKAG.DE> has worked out a new strategy for the group's steel business, a leading labor representative said on Tuesday, adding the roadmap included significant investments but also restructuring steps.
Thyssenkrupp needs to pour 1.5 billion euros ($1.7 billion) into its core steel business after years of underinvestment has left at a competitive disadvantage, the head of its works council.
Union Investment, a top-10 investor in ailing conglomerate Thyssenkrupp <TKAG.DE>, raised pressure on management to present a plan soon for a turnaround of its steel unit, adding the group should otherwise drop the business.
Thyssenkrupp <TKAG.DE> steel workers have demanded major investments and criticised management for delaying a presentation about its plans for the steel business.
European stocks dropped for a fourth straight day on Thursday as mixed headlines about U.S.-China trade talks muted risk appetite, while German conglomerate Thyssenkrupp suffered its worst day in nineteen years after scrapping its dividend.
Thyssenkrupp's new boss scrapped the German industrial group's dividend, warned of deeper losses and asked investors for yet more patience over its turnaround, sending shares in the conglomerate down as much as 14.5% on Thursday.
Thyssenkrupp's top shareholder, the Alfried Krupp von Bohlen und Halbach foundation, said on Thursday it was backing the German engineering conglomerate's decision to scrap its dividend, adding the foundation was a reliable anchor investor.
Thyssenkrupp <TKAG.DE> will likely cut further jobs beyond a previously unveiled plan to slash 6,000 positions, a board member of the ailing conglomerate told journalists on Thursday.
Thyssenkrupp on Thursday scrapped its dividend and gave a bleak outlook for next year, raising pressure on new Chief Executive Martina Merz to sell the group's elevator division and repair the conglomerate's balance sheet.
Thyssenkrupp <TKAG.DE> on Wednesday said it planned to cut 640 jobs at its struggling System Engineering unit, which it put under review earlier this year.
By Arno Schuetze, Edward Taylor, Christoph Steitz and Tom Käckenhoff
Finland's Kone has proposed paying a multi-billion euro breakup fee to Thyssenkrupp in an effort to improve its chances in an auction for the German conglomerate's elevator business, two people familiar with the matter said.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.