ThyssenKrupp stock
The current renovations involve long-term potential for the ThyssenKrupp stock
The American steel sector, except it runs well. ThyssenKrupp writes after the economic crisis in all sectors in the black.
The orders were up over the first nine months of last year by 25 percent to 38.2 billion euros.
Revenues grew to 36.5 billion euros (17 percent more than last year), the interest and taxes to adjusted net income of 1.1 billion to 1.3 billion euros.
In principle, solid numbers, but generally below the expectations of analysts.
The reasons for this disenchantment are to be located overseas. The start-up losses for new steel plants in the U.S. and Brazil slow ThyssenKrupp's economic situation. It would be also for air conditioning suppliers in the industry
In reducing the debt the company is progressing well, however. For the first time in a year and a half of the cash flow was stopped.
By the end of the fiscal year even a significant inflow is expected. Net debt fell within the past three months to 6.2 billion euros.
The cause of this positive development is the new price of the company is seen.
Responsible for this: The chairman, Dr. Heinrich Hiesinger.
Hiesinger coup: Thyssen Krupp suggests a new way
In May 2011, the surprise: Hiesinger announced the largest corporate restructuring since the merger of Thyssen and Krupp.
The plan are: to separate oneself from the conversion of a total of nearly ten billion euros and approximately 35,000 of its 177,000 employees.
In other words, this case therefore by roughly a quarter of total sales of ThyssenKrupp and nearly one in five staff members.
The idea is thus to shift the weights between the steel and technology division.
Should be achieved so that a different foreign perceptions of the group - the image of a pure steel company will soon be a thing of the past.
In order to realize this is an expansion in the technology sector. In parallel, it is necessary to separate from the steel division.
Also, the company should withdraw completely from the Autozulieferungsgeschäft.
While observers are surprised, delighted above. Too often, ThyssenKrupp had changed in recent years the course in automobile and steel industries.
The current roll rate should therefore have been at least temporarily to an end.
Hiesinger Power Word: Definitely a surprise
The message to the restructuring of the company was a surprise. This is particularly because until then had been launched no indiscretion to the press. A vote of confidence in the abilities Hiesinger.
Equally unusual, the ease with which the decision was taken.
It said neither the union nor the council against the plans.
In a decision of this importance is a rarity. Only President Wulff said and put a sign in the short term from the planned visit of the new ThyssenKrupp steel plant in Sao Paulo.
Also remarkable is the skill Hiesinger, neither the technology nor the steel side of the business he brought against her.
Successfully walked the tightrope of his own, on both sides kept reasonable cuts to realize, was not predictable.
Restructuring for the Future: The Business Takeover
It was not a mere plan. Acquisitions were realized: for example the entire Metal Forming and the American Safway scaffolding.
Also, the division of ThyssenKrupp Marine Systems shipyard was for sale. The interest of this: The Arabic Abi Dhabi Mar. This, however, jumped at the last second.
Current is now a European capital investor for Blohm + Voss shipyard division of the civilian sector who are interested. Further information is currently not yet available.
At last it was at the service Xervon concrete.
Sold Xervon: Remondis gets the award
Even 2009 was Xervon for sale. The service provider specializing in technical services for the erection and maintenance of industrial plants, but at that time was still owned by ThyssenKrupp's.
Since October 2010 on it was down again looking specifically for a buyer. Were then shortlisted to three potential buyers: Remondis, Germany's largest private waste disposal company, was awarded the contract.
ThyssenKrupp works council head Thomas Schlenz Remondis sees a buyer, "further develop the business and also respect the interests of the ThyssenKrupp employees will", as he had been claiming to online PR.
The deal is not yet contractually watertight, the dominant faith.
Reason certainly is the positive statements of Remondis Officer Thomas Breitkopf. This looks at Xervon the "perfect match" for his company.
A happy ending seems for the last remaining services business to ThyssenKrupp's nothing to stand in the way.
Stay tuned: stainless steel business and corporate growth
Further steps in the restructuring are however yet to come. Steps that are likely to be far from relevant when the sale of Xervon - so ThyssenKrupp analyst Christian Obst (UniCredit Bank).
It refers to the steel business - after all, a division of ThyssenKrupp market leader in Europe.
Here, said the company would continue all options kept open. According to the company belonged to an IPO, a fork, but also quite a sale. Media reports suggest that it should be realistic, especially the latter.
Total wear of the Group restructuring in a long-term growth. Fruit does win the complex structure of ThyssenKrupp's sales to the contour. A new clarity in sight.
ThyssenKrupp share: Restructuring creates optimism
The restructuring of the company may have seemed sellout.
Unlike the depreciation of the stock can not be explained - an exaggerated fall, as Bastian Synagowitz, an analyst at Deutsche Bank commented.
And he was right: the ThyssenKrupp stock is currently out of a bottom. Anyway fundamentally much speaks for the paper.
In addition to the current restructuring, it is mainly the high investment and low debt ratio, which speak for an investment.
Generally see the signs of the Thyssen Krupp share from so good. Although lowered again, the target price the stock is 35 €.
All signs point to 'buy' - in any case, the analysis of Nomura Equity Research.
