Company Profile For ThyssenKrupp AG

ThyssenKrupp AG (TKAG.DE) (Xetra)

sector: Basic Materials · industry: Steel ·

As of 25 Nov 2009

24.99EUR

Price Change

+0.09

Percent Change

+0.36%

Analyst Recommendations

Overview

ThyssenKrupp AG is a Germany-based technology holding company that operates through five business segments in over 80 countries. Its Steel business segment concentrates on the manufacturing of carbon flat steel products. The Stainless segment, run by ThyssenKrupp Stainless AG, focuses on the production of stainless steel flat-rolled products, and high performance materials, such as nickel alloys and titanium. The Elevator business unit manufactures elevators, escalators, moving walks, stair and platform lifts, as well as passenger boarding bridges. The Technologies division supplies systems, modules, specialized machinery and components, and the Services business segment is engaged in the distribution and sale of metal products, as well as in the provision of industrial services, including warehousing and inventory management, primarily to the manufacturing industry.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 June 2009, ThyssenKrupp AG's revenues decreased 23% to EUR30.68B. Net loss for the period totaled EUR800M, vs. a profit of EUR1.47B. Revenues reflect lower sales in the Steel, Stainless and Services business divisions. Net loss for the period reflects lower gross profit and operating profit margins as well as lower income from affiliated companies, higher interest expenses and lower interest income.