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Last €30.40 EUR
Change Today +0.20 / 0.66%
Volume 5.1K
TESB On Other Exchanges
Symbol
Exchange
Stuttgart
EN Brussels
As of 3:34 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

tessenderlo chemie (TESB) Snapshot

Open
€30.40
Previous Close
€30.20
Day High
€30.58
Day Low
€30.40
52 Week High
07/17/15 - €37.01
52 Week Low
10/16/14 - €18.32
Market Cap
1.3B
Average Volume 10 Days
173.3K
EPS TTM
--
Shares Outstanding
42.8M
EX-Date
06/5/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TESSENDERLO CHEMIE (TESB)

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tessenderlo chemie (TESB) Details

Tessenderlo Chemie NV, together with its subsidiaries, provides various solutions for food, agriculture, water management, and natural resources worldwide. It operates through three segments: Agro, Bio-Valorization, and Industrial Solutions. The Agro segment offers specialty liquid fertilizers, including ammonium thiosulfate under the Thio-Sul brand, potassium thiosulfate under the KTS brand, and other fertilizers and soil amendment products under the CROP VITALITY brand name; potassium sulfate fertilizers under the K-Leaf and SoluPotasse brand names for the agricultural end markets; and crop protection products. The Bio-Valorization segment provides gelatin that are collagen proteins for food, pharma, photography, health and nutrition, and technical applications. This segment also specializes in the valorization of organic by-products primarily animal by-products; and produces animal fats and meat meals from fallen stock, which are valorized as bio-fuels and are used as an alternative to fossil fuels to generate energy. The Industrial Solutions segment produces and sells plastic pipe systems for water supply and drainage systems, as well as pipe systems for gas, telecommunications, and other applications; coagulants and other chemicals for industrial and municipal markets to treat their waste water or clean drinking water; and mining and industrial chemicals. This segment also provides onsite optimization of environmental control systems, as well as the delivers services for oil and gas industries to treat and dispose fracking water. Tessenderlo Chemie NV was founded in 1892 and is headquartered in Brussels, Belgium.

4,800 Employees
Last Reported Date: 03/27/15
Founded in 1892

tessenderlo chemie (TESB) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: €351.9K
Compensation as of Fiscal Year 2014.

tessenderlo chemie (TESB) Key Developments

Tessenderlo Group Announces Earnings Results for the First Half of 2015

Tessenderlo Group announced earnings results for the first half of 2015. For the half year, the company announced that the revenue in the first half of 2015 increased by 14.2% at comparable scope compared to prior year. However, when the company excludes the foreign exchange effect, the increase is around 5%, 4.9%. Reported revenue increased within all 3 segments the group has while a small decrease in revenue could be noted in the operating segment Bio-valorization when excluding the foreign exchange effect. The half year REBITDA increased by 30%-23.2% at comparable scope or by 6.4% when excluding foreign exchange effect. The company has to note that this half year REBITDA includes a write-off as a consequence of changed: Accounting estimates concerning inventory obsolescence for a total amount of EUR 12.1 million. First half of 2015 led to a profit of EUR 40.4 million compared to EUR 25.3 million in the same period last year. The increase of the operational results as well as a decrease of the net finance costs were partially offset by an increase of the nonrecurring elements. The cash flow statement, positive is that the cash flow from operating activities increased to EUR 116 million compared to EUR 79 million at the same period last year, helped by the better-by the improved operational results. The cash flow from investing activities is negative EUR 12.8 million, and it includes also the CapEx, the capital expenditure, during the first half of 2015 for a total amount of EUR 20.6 million. This is rather low. However, in the coming months, many production sites will be included in maintenance projects, and the level of investments is expected to increase. In total, these cash flows mean that the company’s net debt increased from EUR 65 million notional net debt to EUR 87 million.

Tessenderlo Chemie NV, H1 2015 Earnings Call, Aug 26, 2015

Tessenderlo Chemie NV, H1 2015 Earnings Call, Aug 26, 2015

Tessenderlo Chemie to Invest EUR 50 Million at its Produits Chimiques de Loos

Tessenderlo Chemie NV has announced that it will invest EUR 50 million at its Produits Chimiques de Loos, or PC Loos, site, a part of its water treatment business unit. The bulk of the investment will be spent on the construction of a new membrane technology based production plant, to replace the existing mercury electrolysis. In conjunction with this investment, PC Loos is planning a re-entry by third quarter 2015 into the potassium hydroxide market, in which the company again wants to play a crucial role. The chlorine required for the production of these coagulants is currently manufactured using a process based on mercury electrolysis. However, current regulations impose the phase-out of this technology by the end of 2017.

 

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Industry Analysis

TESB

Industry Average

Valuation TESB Industry Range
Price/Earnings 16.6x
Price/Sales 0.9x
Price/Book 2.8x
Price/Cash Flow 19.0x
TEV/Sales 0.6x
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