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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tessenderlo Group | EU:TESB | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.10 | 0.41% | 24.40 | 24.15 | 24.90 | 24.40 | 24.20 | 24.30 | 13,030 | 16:40:00 |
Continued progress in strategy execution
3Q12 operating results led by growth businesses Tessenderlo Kerley and Gelatin & Akiolis
Financial position in line with expectations
Outlook
The group's performance over the first nine months is overall in line with its expectations.
Food and agriculture markets globally are anticipated to remain positive, acknowledging the fact that weather conditions may have a short term, limited negative impact on Tessenderlo Kerley. Given the specific environment of Inorganics, margins are expected to remain under pressure.
Demand for Gelatin and Akiolis should remain resilient in light of the end markets served.
Construction markets show signs of further deterioration, given the elevated level of macroeconomic uncertainty in Europe.
Strategy execution, in terms of divestments of non-core businesses, as well as investments including acquisitions in growth activities, will continue to be a top priority.
1 Year Tessenderlo Chart |
1 Month Tessenderlo Chart |
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