Last €21.40 EUR
Change Today -0.435 / -1.99%
Volume 24.3K
As of 11:39 AM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

tessenderlo chemie (TESB) Snapshot

Open
€21.80
Previous Close
€21.83
Day High
€21.82
Day Low
€21.36
52 Week High
05/8/14 - €23.85
52 Week Low
12/12/13 - €16.55
Market Cap
679.9M
Average Volume 10 Days
21.4K
EPS TTM
€-2.03
Shares Outstanding
31.8M
EX-Date
06/6/14
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, manufactures and sells chemicals and other solutions for food, agriculture, and water management worldwide. The company’s Tessenderlo Kerley segment produces sulphur-based liquid fertilizers, including ammonium, potassium, calcium, and magnesium thiosulphate that are used as fertilizers for cereal and broad-acre crops, and for arboriculture and vegetable crop cultivation, as well as develops and distributes regulated crop protection chemistries. This segment also offers other sulphur derivatives for use in various industrial applications, such as mining, water and wastewater treatment, soil remediation, and a range of chemical processes. Its Gelatin and Akiolis segment produces gelatin, which is used as multifunctional ingredients for commercial food manufactures. This segment also collects and processes organic materials from farms, meat processors, the food industry, and governments; and produces renewable bio-fuels based on the collected materials. The company’s Plastic Pipe Systems and Profiles segment produces pipes and fittings for water supply and drainage systems; pipe systems for gas, telecommunications, and other applications. Its Inorganics segment offers potassium sulphate, a fertilizer for use in dry areas and for highly sensitive crops; and animal feed phosphates. In addition, the company provides inorganic coagulants for municipal and industrial drinking water plants, and waste water treatment plants; iron-based salts; hydrochloric acid; and disinfectants. Tessenderlo Chemie NV was founded in 1892 and is headquartered in Brussels, Belgium.

5,121 Employees
Last Reported Date: 04/1/14
Founded in 1892

tessenderlo chemie (TESB) Top Compensated Officers

Co-Chief Executive Officer, Chief Financial O...
Total Annual Compensation: €11.3K
Co-Chief Executive Officer and Executive Dire...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

tessenderlo chemie (TESB) Key Developments

Tessenderlo Reports Group Earnings Results for the Third Quarter Ended September 2014

Tessenderlo reported group earnings results for the third quarter ended September 2014. The company's third quarter recurring earnings before interest, tax, depreciation and amortization rose 60.2% year over year to EUR 30.5 million, driven by favorable market conditions in the company's agro segment as well as cost cuts. Revenue at comparable scope was rose 3% to EUR 336.8 million. Revenue group was EUR 338.7 million compared with EUR 415.1 million a year ago. As on September 2014, the company's net financial debt was EUR 210.3 million.

Tessenderlo Group and Tetra Chemicals Join Forces in the Calcium Chloride Market

On September 22nd 2014, Tessenderlo Group and TETRA Chemicals Europe AB signed a long term agreement with regard to the production and marketing of calcium chloride. Tessenderlo Group will build a new calcium chloride production plant on its site in Ham, Belgium and TETRA Chemicals will market the product. The agreement will allow both parties to strengthen their respective global positions as market leaders in calcium chloride (TETRA Chemicals) and potassium sulphate (Tessenderlo Group). As a result of the agreement that was concluded between Tessenderlo Group and TETRA Chemicals, Tessenderlo Group will invest in the construction of a new calcium chloride plant in Ham. The new production plant, which will be fully owned by Tessenderlo Group, is scheduled to be operational in the third quarter of 2015. The new plant will process part of the hydrochloric acid from the sulphate plant into calcium chloride.

Tessenderlo Group Builds New Calcium Chloride Production Plant on Ham, Belgium

Tessenderlo Group and TETRA Chemicals Europe AB signed a long term agreement with regard to the production and marketing of calcium chloride. Tessenderlo Group will build a new calcium chloride production plant on its site in Ham, Belgium and TETRA Chemicals will market the product. The agreement will allow both parties to strengthen their respective global positions as market leaders in calcium chloride (TETRA Chemicals) and potassium sulphate (Tessenderlo Group). As a result of the agreement that was concluded between Tessenderlo Group and TETRA Chemicals, Tessenderlo Group will invest in the construction of a new calcium chloride plant in Ham. The new production plant, which will be fully owned by Tessenderlo Group, is scheduled to be operational in the third quarter of 2015. The new plant will process part of the hydrochloric acid from the sulphate plant into calcium chloride. This strategically important investment confirms Tessenderlo Group's commitment in the Belgian plant and in the development of its potassium sulphate business. With this investment, Tessenderlo Group will be in a better position to take advantage of the growing market demand for potassium sulphate, especially from the agricultural sector that applies increasingly intensive farming methods.

 

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TESB

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Valuation TESB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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