Capital market-relevant press releases, 2007-12-04, 07:26 AM
ThyssenKrupp in fiscal year 2006/2007
The 2006/2007 fiscal year was another record year for ThyssenKrupp. It was the most successful since the merger in 1999 and is evidence of the effectiveness of the Group’s strategy and the strength of the segments:
･ EBT reached €3.330 million (fiscal year 2005/2006: €2,623 million). That’s an improvement of 27 percent. Earnings therefore improved for the fifth year in succession. Excluding major nonrecurring items such as the EU fine on Elevator, earnings before taxes and major nonrecurring items would have reached €3,799 million.
･ Demand for the Group’s products and services increased further. Order intake reached €54.6 billion (fiscal year 2005/2006: €50.8 billion). That’s an increase of 8 percent.
･ At €51.7 billion, sales were 10 percent higher than the year before (€47.1 billion).
･ Earnings per share increased from €3.24 to €4.30. That’s a rise of 33 percent.
･ ThyssenKrupp’s stock gained 68 percent in fiscal 2006/2007. The DAX improved by only 31 percent. Since fiscal year 2002/2003 the share price has increased from €11.52 to €44.66 (September 30 in each case). That’s almost a quadrupling.
･ In response to the outstanding earnings, in its meeting on November 30, 2007 the Supervisory Board endorsed the proposal of the Executive Board to recommend to the Annual General Meeting an increase in the dividend from €1.00 to €1.30. That’s an increase of 30 percent. In view of the Group’s new earning strength and new level of income of over €3 billion, ThyssenKrupp aims to achieve a payout ratio of at least 30 percent in the future. This also shows our faith in the growth strategy we have introduced.
Other key indicators in fiscal year 2006/2007:
･ ROCE increased from 17.9 percent to 20.7 percent.
･ TKVA improved by €598 million or 40 percent to €2,108 million.
･ Net financial receivables of €223 million were reported at September 30, 2007, compared with €747 million a year earlier.
･ On September 30, 2007 ThyssenKrupp employed 191,350 people worldwide, 3,764 or 2 percent more than the year before. The headcount in Germany increased by 1 percent to 84,999. This means that 44 percent of the workforce was based in Germany. The number of employees outside Germany rose by almost 3 percent to 106,351.
Dr. Ekkehard Schulz, Executive Board Chairman of ThyssenKrupp AG: “The figures underline the outstanding performance of ThyssenKrupp. As a result of organic growth, strategic acquisitions and a sharper focus on customers and services, sales and earnings reached new record levels. Our business performed better in fiscal 2006/2007 than we expected a year ago. Sales were 10 percent higher than our original target of €47 billion. Sustainable earnings before taxes also exceeded our planned figure of €2.5 billion by a considerable 33 percent. For the 2007/2008 fiscal year, ThyssenKrupp expects to achieve sales of around €53 billion and earnings before taxes and major nonrecurring items (including start-up costs for the steel mills in Brazil and the USA) of over €3 billion.”