ThyssenKrupp AG ADR (TYEKY) - Grey Market
TYEKY is defunct.
  • Nov. 20, 2014, 7:54 AM
    • ThyssenKrupp (OTCPK:TYEKF, OTC:TYEKY) reports its first annual net profit in three years and says it has resumed its dividend payment.
    • The German steelmaker reports FY 2014 net income of €195M (~$244M) vs. a €1.6B loss in the previous year; sales totaled €41.3B, up 7% Y/Y, while EBIT more than doubled to €1.3B.
    • Q4 results include a €33M net loss vs. a €909M loss in the year-ago quarter, due to legal costs and restructuring in the elevator technology and material services businesses, while Q4 sales rose to €11.16B, up 10% Y/Y.
    • Some analysts question whether the company is ready to resume dividend payments, as CEO Heinrich Hiesinger said "We still don't have a good balance sheet."
    | Nov. 20, 2014, 7:54 AM
  • Aug. 14, 2014, 10:27 AM
    • ThyssenKrupp (OTC:TYEKY, OTCPK:TYEKF) shares are up 1% in Germany following the steelmaker's Q2 update, which said it earned €39M vs. a €395M loss in the year-earlier period, and sales rose 8% to €10.7B.
    • Q2 profit from European steel making, which is highly cyclical, rose more than sixfold to €92M, or ~$123M before interest and taxes.
    • The main drivers of the improved performance were efficiency gains, profitable growth of the capital goods businesses, and significant improvement at Steel Americas.
    • Slightly raises its full-year forecast, now seeing FY 2014 adjusted EBIT doubling from last year's €586M and expecting to achieve break-even to slightly positive net income for the first time in three years.
    | Aug. 14, 2014, 10:27 AM
  • Feb. 14, 2014, 11:43 AM
    • ThyssenKrupp (TYEKY, TYEKF) produces some evidence that its turnaround plan is working, as its FQ1 EBITDA more than doubled Y/Y to €247M (~$336M) and beat expectations of €209M, attributed to robust orders at the company’s capital goods businesses, including elevators and industrial plants.
    • ThyssenKrupp significantly reduced losses at its Steel Americas unit, which it decided to partially sell in December, while benefiting from a weaker Brazilian real and lower fuel rates.
    • Analysts remain cautious: "Despite an impressive first quarter the stock has run hard and the Steel Europe rump is now looking stretched,” Citigroup says, but at least the company's existence no longer looks threatened.
    | Feb. 14, 2014, 11:43 AM
  • Nov. 7, 2013, 7:46 AM
    • ArcelorMittal (MT) remains interested in a potential purchase of ThyssenKrupp's (TYEKY, TYEKF) steel rolling mill in Alabama, CFO Aditya Mittal said in this morning's earnings call.
    • Shares +5.7% premarket after reporting improved Q3 results and offered an optimistic outlook; analysts say the results probably would prompt market upgrades of core profit forecast by 2%-4%.
    | Nov. 7, 2013, 7:46 AM
Company Description
ThyssenKrupp is a diversified industrial group. It has around 180,000 employees in over 80 countries developing ideas and innovations into solutions for sustainable progress.
Country: Germany