Thyssenkrupp Share Price

ThyssenKrupp AG: A Comprehensive Overview

Company Profile

ThyssenKrupp AG (TKA) is a multinational conglomerate headquartered in Essen, Germany. Founded in 1999 through the merger of Thyssen AG and Krupp AG, the company operates across various industries, including steel production, automotive components, and industrial services.

Stock Performance and Analysis

Recent Stock Performance

TKA's stock price has fluctuated over the past year, with a 52-week range of €7.10 to €11.20. The current share price (as of [date]) stands at €[price].

Key Financial Indicators

• Revenue: €41.4 billion (FY2022)
• Net income: €2.0 billion (FY2022)
• Earnings per share: €1.04 (FY2022)

Analyst Ratings

Analysts have mixed views on TKA's stock, with some recommending a "buy" rating and others a "hold" rating. Factors influencing these ratings include the company's exposure to economic cycles and its restructuring efforts.

Business Segments

TKA operates through three main business segments:

Steel Europe

Produces and sells flat steel products for automotive, construction, and energy industries.

Materials Services

Distributes industrial materials and provides supply chain management services.

Industrial Components

Manufactures automotive components, elevators, and escalators.

Recent News and Developments

• Acquisition of AST Inc. (January 2023): TKA acquired AST Inc., a US-based manufacturer of automotive steering systems, to expand its presence in the North American market.
• Joint venture with Tata Steel (December 2022): TKA and Tata Steel formed a joint venture to create a leading European steel producer.
• Launch of "ThyssenKrupp 2030+" strategy (November 2022): TKA announced a new strategy to focus on sustainability, digitalization, and operational excellence.

Conclusion

ThyssenKrupp AG is a global industrial giant with a diverse portfolio of businesses. While its stock performance has been volatile in recent years, the company has been implementing restructuring efforts and making strategic acquisitions to enhance its long-term growth prospects.