Thyssenkrupp: This is how the materials trading division is supposed to grow after the IPO
In the Handelsblatt, TK-Accelis head Ilse Henne talks about the new independence from the parent company and future takeover plans.
Ilse Henne, CEO of TK Accelis, is set to lead a standalone, publicly traded company after Thyssenkrupp's materials trading division is listed on the Frankfurt stock exchange on Wednesday. TK Accelis has 15,500 employees and a yearly revenue of €11.4 billion. As part of Thyssenkrupp's restructuring into a financial holding, Henne aims to drive growth, particularly in North America, where the company sees opportunities in the electrification and digital infrastructure sectors.
The company has secured a €1.7 billion credit line and plans to increase its EBITDA margin to 4-5% through organic growth, efficiency measures, and potential acquisitions.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
