Last €20.76 EUR
Change Today -0.23 / -1.10%
Volume 23.1K
TESB On Other Exchanges
Symbol
Exchange
Stuttgart
EN Brussels
As of 11:35 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

tessenderlo chemie (TESB) Snapshot

Open
€21.21
Previous Close
€20.99
Day High
€21.21
Day Low
€20.54
52 Week High
05/14/13 - €22.40
52 Week Low
12/12/13 - €16.55
Market Cap
659.6M
Average Volume 10 Days
50.1K
EPS TTM
€-2.01
Shares Outstanding
31.8M
EX-Date
06/6/14
P/E TM
--
Dividend
--
Dividend Yield
6.42%
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 Chemie NV Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

Tessenderlo Chemie NV reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company has posted revenue of €346 million against €503.9 million a year ago. Negative REBIT was €6.3 million against REBIT of €4.7 million a year ago. LBIT was €10.7 million against €149.7 million a year ago. Loss before tax was €16.8 million against €152.6 million a year ago. Loss for the period equity holders of the company was €17.1 million or €0.54 per basic and diluted share against €148.3 million or €4.68 per basic and diluted share a year ago. REBITDA was €9.1 million against €24.5 million a year ago. Net financial debt at the end of December 2013 was €258.9 million. For the year, the company has posted revenue of €1,790.1 million against €2,129.6 million a year ago. REBIT was €45.8 million against €74.8 million a year ago. LBIT was €18.7 million against €163.3 million a year ago. Loss before tax was €41.7 million against €180.5 million a year ago. Loss for the period equity holders of the company was €64 million or €2.02 per basic and diluted share against €198.7 million or €6.28 per basic and diluted share a year ago. Cash flow from operating activities was €109.8 million compared to €49.7 million a year ago. Acquisition of property, plant and equipment was €94.8 million compared to €114.2 million a year ago. REBITDA was €116.6 million against €160 million a year ago. Net financial debt at the end of December 2013 was €258.9 million, resulting in leverage of 2.2x and gearing of 52.3%. For the year 2014, the company expects REBITDA will be broadly in line with 2013 REBITDA at the same scope of activity. Compared to 2013, 2014 REBITDA is expected to be lower in the first and second quarters and higher in the third and fourth quarters. This is partly explained by the fact that on a comparable basis, the year on year group REBITDA declines were more limited in the first two quarters of 2013, while the decreases were more important in the last two quarters of 2013.

Tessenderlo Chemie NV, 2013 Earnings Call, Feb 26, 2014

Tessenderlo Chemie NV, 2013 Earnings Call, Feb 26, 2014

Tessenderlo Group Announces Executive Changes

Frank Coenen, CEO of Tessenderlo Group leaves the group with mutual consent. This change has been approved by the Board of Directors and will take effect immediately. The Board of Directors has chosen for a shared CEO role and has appointed to this Luc Tack and Mel de Vogue. Luc Tack will be in charge of the Business Operations and Human Resources. Mel de Vogue, who stays CFO, will also head up all the other functional domains.

 

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Valuation TESB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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