التفاصيل البيبلوغرافية
| العنوان: |
Thyssenkrupp Rises After Steel Writedown Helps Stake Sale Plan. |
| المؤلفون: |
Wilkes, William |
| المصدر: |
Bloomberg.com; 11/22/2023, pN.PAG-N.PAG, 1p |
| مصطلحات موضوعية: |
BUSINESS losses, STEEL, STEEL prices, JOINT ventures |
| الشركة/الكيان: |
THYSSENKRUPP AG |
| مستخلص: |
Thyssenkrupp AG, a German industrial conglomerate, has written down the value of its struggling steel business by €1.8 billion ($1.96 billion), increasing the likelihood of successfully offloading some of the business. Talks to sell half of the unit to Czech billionaire Daniel Kretinsky have faced obstacles, but negotiations have been constructive with a potential joint venture in focus. Thyssenkrupp's steel unit has consistently failed to break even due to high investment requirements and low steel prices, and the company reported a net loss of €1.98 billion for the financial year. The company is undergoing restructuring and aims to achieve its mid-term targets, including an adjusted EBIT margin of 4% to 6% and reliable dividend payments. [Extracted from the article] |
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| قاعدة البيانات: |
Complementary Index |
