Little perspective, comment on Thyssenkrupp by Annette Becker
Frankfurt (ots) – Thyssenkrupp throws ballast. Approximately one-quarter
of sales
for sale. The goal is growth and deleveraging. There say
another one,
History does not repeat itself. The three sets were in May 2011
Headlines
in the Börsen-Zeitung. Back then, the one in office since the beginning of the year
CEO Heinrich Hiesinger presented a first strategy concept for
Realignment
presented by the group. Even then, with extensive
Divestments
Funded for debt reduction and more freedom for
the
Development of growth drivers can be created.
Martina Merz stands nine years later
Chairman of the board
has taken over on an interim basis and has been the permanent
Leadership role in
Traditional company holds comparable tasks. It is
most important divestment with the sale of the elevator division
worked through, yes
annual sales of 6 billion euros will be available again
posed. Here goes
it’s less about silvering assets, of course
Sorting out
Boarder.
The future perspective hoped for with the strategy update
Ruhr group
remains vague. Admittedly, the Covid 19 pandemic is likely to do so
some line
through the growth plans made. Sobering is
that only 40
Percent of the group turnover – namely the materials trade and the
Industrial components – to be promoted under our own steam
can. For the
The rest that has not (yet) been moved to the “Bad Bank” remains
only the vague
Hope in the course of the respective industry consolidation too
succeed.
Behind the steel business in particular is a big one in this regard
Question mark
It was only a year ago that the merger with Tata
Steel on
Resistance from cartel guards in Brussels failed. Aggravating
is added
that Thyssen is in the steel business of the mighty IG Metall
faces the
it knows how to assert their interests. So there’s a lot of things
what is conceivable
is not be feasible.
However, the strategy update falls short of expectations
everything with
Look at clear financial goals. A positive free cash flow, one
adequate
Return on capital employed and attractive dividends in
Prospect too
is how and when Thyssenkrupp get there
should, should have
need to be clearer. So that history doesn’t really matter
repeated, must
Merz is now putting the agreed conversion into the factory with all his might.
Press contact:
Stock exchanges newspaper
editorial staff
Telephone: 069–2732-0
www.boersen-zeitung.de
Further material: https://www.presseportal.de/pm/30377/4601618
OTS: Börsen-Zeitung
AXC0362 2020-05-19 / 20:31
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