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NV Bekaert SA (BEKB.BR)

BEKB.BR on Brussels Stock Exchange

21.58EUR
17 Aug 2018
Change (% chg)

€-0.06 (-0.28%)
Prev Close
€21.64
Open
€21.80
Day's High
€21.82
Day's Low
€21.44
Volume
82,759
Avg. Vol
173,277
52-wk High
€41.99
52-wk Low
€20.52

Latest Key Developments (Source: Significant Developments)

Bekaert Revises 2018 Outlook Down
Friday, 20 Jul 2018 

July 20 (Reuters) - NV BEKAERT SA ::REG-BEKAERT REVISES 2018 OUTLOOK DOWN.CONTINUED VOLATILITY OF WIRE ROD PRICES.ESTIMATE THAT OUR UNDERLYING EBIT FOR FIRST HALF WILL BE ABOUT 20% BELOW ANALYST EXPECTATIONS.UPSIDE EFFECTS FROM OUR ACTIONS TO PROGRESSIVELY IMPROVE PROFITABILITY OVER COURSE OF 2018 MAY BE MITIGATED OR DELAYED.WE BELIEVE WE WILL NOT BE ABLE TO ACHIEVE THE SAME PROFITABILITY LEVEL OF LAST YEAR FOR FY2018..NV BEKAERT - STRONG COMPETITIVE PRICE PRESSURE IN MOST MARKETS CONTINUES TO MAKE IT DIFFICULT TO PASS ON RAW MATERIAL PRICE INCREASES WITHOUT DELAY.  Full Article

Bekaert To Close Figline-Valdarno Site
Friday, 22 Jun 2018 

June 22 (Reuters) - NV BEKAERT SA ::BEKAERT ANNOUNCES DECISION TO CLOSE FIGLINE-VALDARNO SITE.TO CLOSE RUBBER REINFORCEMENT ENTITY IN FIGLINE E INCISA VALDARNO, ITALY AND CEASE ALL ACTIVITIES THERE.EXPRESSED ITS INTENTION TO START UP DIALOGUE AIMED AT MITIGATING SOCIAL IMPACT FOR 318 AFFECTED EMPLOYEES.PLANT HAS NOT BEEN ABLE TO GENERATE A FINANCIALLY SUSTAINABLE PERFORMANCE.  Full Article

Bekaert Announces Adjustment To Rights Of Holders Of Convertible Bonds 2016-2021
Monday, 14 May 2018 

May 14 (Reuters) - NV Bekaert SA ::ADJUSTMENT TO THE RIGHTS OF THE HOLDERS OF THE CONVERTIBLE BONDS 2016-2021.TO DISTRIBUTE A GROSS DIVIDEND OF EUR 1.10 PER SHARE PAYABLE ON 15 MAY 2018.THE CONVERSION PRICE HAS BEEN ADJUSTED FROM € 51.25 TO € 50.71.THRESHOLD AMOUNT HAS BEEN ADJUSTED FROM EUR 0.90 TO EUR 0.8906.ADJUSTMENTS EFFECTIVE AS OF 11 MAY 2018.  Full Article

Bekaert Takes Full Ownership Of Bridon-Bekaert Ropes Group
Thursday, 26 Apr 2018 

April 26 (Reuters) - NV BEKAERT SA ::BEKAERT TAKES FULL OWNERSHIP OF BRIDON-BEKAERT ROPES GROUP.AGREEMENT IN PRINCIPLE FOR ACQUISITION BY BEKAERT OF ONTARIO TEACHERS' 33% EQUITY SHARE IN BRIDON-BEKAERT ROPES GROUP.DEFINITIVE AGREEMENT IS EXPECTED TO COMPLETE IN COMING MONTHS.  Full Article

Bekaert 9M consolidated sales increase to 3.07 ‍​billion euros
Friday, 10 Nov 2017 

Nov 10 (Reuters) - NV BEKAERT SA : :9-MONTHS CONSOLIDATED SALES EUR 3.07 ‍​ BILLION VERSUS EUR 2.76 BILLION YEAR AGO.IT HAS BEEN EXTREMELY DIFFICULT TO PASS ON RAW MATERIALS PRICE INCREASES IN ALMOST ALL BUSINESSES‍​.UNCERTAINTY IN THE US IS CREATING AN INCREASINGLY DIFFICULT ECONOMIC BUSINESS CLIMATE.Q3 CONSOLIDATED SALES EUR ‍​977 MILLION VERSUS EUR 942 MILLION IN REUTERS POLL.REMAINS CONFIDENT ABOUT MOVING TOWARDS 10% UNDERLYING EBIT MARGIN OVER COMING YEARS.SEES MORE POSITIVE GROWTH INTO 2018 .INTEGRATION OF SUBSIDIARY INTO PARTNERSHIP WITH ARCELORMITTAL AND FY INTEGRATION OF BRIDON BUSINESS WILL HAVE ADVERSE IMPACT ON 2017 MARGINS.SEES LITTLE SIGNS OF RECOVERY IN LATIN AMERICA.  Full Article

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U.S.-China tariffs threaten European capital goods supply chains

STOCKHOLM European capital goods companies are starting to show the strain of Washington's trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks.