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Last €28.04 EUR
Change Today -0.30 / -1.06%
Volume 46.0K
TESB On Other Exchanges
EN Brussels
As of 11:35 AM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).

tessenderlo chemie (TESB) Snapshot

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07/17/15 - €37.01
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12/16/14 - €20.15
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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 Reports Group Earnings Results for the Third Quarter and Nine Months Ended September 2015; Provides Earnings Guidance for the Year 2015

Tessenderlo Group reported group earnings results for the third quarter and nine months ended September 2015. For the quarter, the company reported revenue of EUR 364.5 million against EUR 338.7 million a year ago. Rebitda was EUR 39.2 million against EUR 31.9 million a year ago. For the nine months, the company reported revenue of EUR 1,214.6 million against EUR 1,114.4 million a year ago. Rebitda was EUR 142.0 million against EUR 116.6 million a year ago. Net debt was EUR 90.6 million as on September 2015 against EUR 210.3 million as on September 2014. Notional net debt was EUR 90.6 million as on September 2015 against EUR 297.2 million as on September 2014. The third quarter of 2015 results was stronger than anticipated. Assuming that current market circumstances continue to prevail, the Group anticipates that the growth of the 2015 REBITDA, compared to the 2014 REBITDA, will be in a range between 20% and 25%.

Tessenderlo Chemie NV Reports Earnings Results for the First Half Ended June 30, 2015

Tessenderlo Chemie NV reported earnings results for the first half ended June 30, 2015. For the period, the company reported that profit attributable to equity holders at EUR 41.5 million, or EUR 0.98 per share, compared to EUR 25.4 million, or EUR 0.80 per share, for the same period ended June 30, 2014. Revenue was EUR 850.1 million, compared to EUR 775.7 million for the same period ended June 30, 2014. Profit from operations for the first six months ended June 30, 2015 was EUR 46.6 million, compared to EUR 50.1 million for the same period ended June 30, 2014.

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.


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Valuation TESB Industry Range
Price/Earnings 14.3x
Price/Sales 0.7x
Price/Book 2.4x
Price/Cash Flow 16.4x
TEV/Sales 0.5x

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