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NV Bekaert SA (BEKB.BR)

BEKB.BR on Brussels Stock Exchange

20.72EUR
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Bekaert Publishes A 4% Sales Growth In Q1
Wednesday, 8 May 2019 

May 8 (Reuters) - NV BEKAERT SA ::BEKAERT DELIVERS 4% SALES GROWTH IN Q1 OF 2019.BEKAERT ACHIEVED CONSOLIDATED SALES OF EUR 1 094 MILLION FOR Q1 OF 2019, UP 4% FROM SAME PERIOD LAST YEAR.OUTLOOK REMAINS SIMILAR TO THE ONE OUTLINED ON 1 MARCH 2019..NET DEBT WAS € 1 346 MILLION AT THE END OF THE FIRST QUARTER 2019, UP FROM € 1 153 MILLION AT YEAR-END 2018.EYES UNDERLYING EBIT MARGIN OF ABOVE 7% OVER THE MEDIUM TERM.ANTICIPATE STABLE SALES VOLUMES IN 2019.  Full Article

Bekaert Proposes Dividend Of EUR 0.7 /shr, Sees Stable Sales In 2019
Friday, 1 Mar 2019 

March 1 (Reuters) - NV Bekaert SA ::PROPOSES GROSS DIVIDEND OF 70 EUROCENTS /SHR.SAYS PROPOSED TEMPORARY DIVIDEND CUT IS REFLECTING LOWER EARNINGS AND HIGH DEBT LEVERAGE.PROVIDED THERE WILL BE NO EXCEPTIONAL, UNFORESEEABLE CIRCUMSTANCES LIKE A LARGESCALE RECESSION, ANTICIPATES STABLE SALES IN 2019.IS "CONFIDENT" TO REBUILD THE UNDERLYING EBIT MARGIN TO ABOVE 7% OVER THE MEDIUM TERM.  Full Article

Bekaert Confirms Underlying Performance Outlook But Expects Results Below Guidance Due To Write-Offs
Friday, 21 Dec 2018 

Dec 21 (Reuters) - NV BEKAERT SA ::BEKAERT CONFIRMS UNDERLYING PERFORMANCE OUTLOOK BUT WRITE-OFFS WILL PULL RESULTS BELOW GUIDANCE.CONFIRMS UNDERLYING PERFORMANCE DURING H2 2018 IN LINE WITH OUTLOOK PROVIDED, RECOGNIZING IMPACT OF IMPROVEMENT ACTIONS TAKEN ACROSS BUSINESS.ADJUSTMENTS WILL BRING TOTAL BEKAERT PERFORMANCE FOR SECOND HALF BELOW THAT ACHIEVED IN FIRST HALF, AND THEREFORE BELOW GUIDANCE..BRIDON-BEKAERT ROPES GROUP (BBRG) SHOWING IMPROVEMENT IN UNDERLYING PERFORMANCE; HOWEVER, CO WILL BE MAKING SERIES OF ADJUSTMENTS WITHOUT CASH IMPACT TOTALING AROUND EUR 15 MILLION.PREVIOUSLY REPORTED MEASURES TO TURN AROUND PROFITABILITY OF WEAKER PERFORMING BUSINESSES: TOTAL NET AMOUNT AROUND EUR 70 MILLION IN FY 2018.MEASURES INCLUDE RESTRUCTURING AND IMPAIRMENT COSTS WHICH WILL BE CLASSIFIED AS ONE-OFF ELEMENTS IN REPORTED EBIT OF 2018.  Full Article

Bekaert: Departure Of CFO And Appointment Of CFO Ad Interim
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - NV BEKAERT SA ::BEKAERT ANNOUNCES DEPARTURE OF CFO AND APPOINTMENT OF CFO AD INTERIM.BEATRÍZ GARCÍA-COS MUNTAÑOLA, EXECUTIVE VICE PRESIDENT AND CFO, HAS DECIDED TO LEAVE THE COMPANY.FRANK VROMANT HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER AD INTERIM, WITH IMMEDIATE EFFECT.  Full Article

NV Bekaert 9-Month Consolidated Sales Up At 3.23 Billion Euros
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - NV BEKAERT SA ::WE PROJECT CONTINUED GOOD DEMAND FROM OUR AUTOMOTIVE AND CONSTRUCTION MARKETS IN Q4 OF 2018.WE EXPECT UNDERLYING EBIT FOR SECOND HALF TO BE ABOVE FIRST HALF OF 2018.Q3 ORGANIC VOLUME GROWTH MODERATED TO +1.4% COMPARED WITH SAME QUARTER LAST YEAR..BEKAERT REPORTED CONSOLIDATED SALES OF € 3 227 MILLION IN THE FIRST NINE MONTHS OF 2018, UP +5% FROM THE SAME PERIOD LAST YEAR.  Full Article

Bekaert Restructures And Refinances Debt Debt Held By Bridon-Bekaert Ropes Group
Monday, 15 Oct 2018 

Oct 15 (Reuters) - NV BEKAERT SA ::REG-BEKAERT RESTRUCTURES AND REFINANCES DEBT HELD BY BRIDON-BEKAERT ROPES GROUP.TEMPORARY REFINANCING THROUGH A FINANCIAL COVENANT-FREE BRIDGE LOAN WITH A GROUP OF BANKS FOR A MAXIMUM MATURITY OF TWO YEARS.REPAYMENT OF EUR 294 MILLION TO BBRG LENDERS' SYNDICATE.SIGNIFICANTLY LOWER INTEREST CHARGES ON REFINANCED BBRG DEBT.RELEASE OF ALL RELATED SECURITY INTERESTS.ELIMINATION OF RELATED RING-FENCED DEBT.CURRENT DEBT RESTRUCTURING AND REFINANCING WILL REDUCE BEKAERT’S CONSOLIDATED NET DEBT BY € -33 MILLION.  Full Article

NV Bekaert H1 EBITDA Down At 204 Million Euros
Friday, 27 Jul 2018 

July 27 (Reuters) - NV Bekaert SA ::H1 CONSOLIDATED SALES OF € 2.2 BILLION (+3%) AND COMBINED SALES OF € 2.5 BILLION (+5%).H1 BEKAERT REPORTS € 111 MILLION UNDERLYING EBIT ON HIGHER SALES.BEKAERT POSTED AN INCREASE OF 3% IN CONSOLIDATED REVENUE, REACHING EUR 2 157 MILLION IN FIRST-HALF SALES.BEKAERT REPORTS H1 € 111 MILLION UNDERLYING EBIT ON HIGHER SALES.H1 UNDERLYING EBIT OF € 111 MILLION (5.1 % MARGIN) COMPARED WITH € 176 MILLION (8.4% MARGIN).H1 EBITDA OF € 204 MILLION (9.5% MARGIN) COMPARED WITH € 297 MILLION (14.2% MARGIN).PROJECTS TO INVEST APPROXIMATELY € 200 MILLION FOR THE TOTAL OF 2018.WE RECOGNIZE THAT OUR PERFORMANCE HAS BEEN AFFECTED MORE THAN PROJECTED AND WE WILL ACCELERATE OUR ACTIONS TO PROGRESSIVELY IMPROVE OUR PROFITABILITY LEVEL.FROM TODAY’S PERSPECTIVE, WE WILL NOT BE ABLE TO ACHIEVE THE SAME PROFITABILITY LEVEL OF LAST YEAR FOR FY2018.WE DO EXPECT TO INCREASE OUR UNDERLYING EBIT OVER THE COURSE OF THE SECOND HALF.  Full Article

NV Bekaert Reports Consolidated Sales Of 1.05 Billion Euros in Q1 2018
Wednesday, 9 May 2018 

May 9 (Reuters) - NV BEKAERT SA ::CONSOLIDATED SALES OF EUR 1 052 MILLION FOR Q1 OF 2018.CONFIDENTS TO IMPROVE PROFITABILITY PROGRESSIVELY DURING THE YEAR.Q1 COMBINED SALES INCREASED BY 2% TO € 1,251 MILLION.SAME FACTORS THAT AFFECTED PERFORMANCE IN H2 2017 CONTINUE TO HAVE A SIGNIFICANT IMPACT ON OUR PERFORMANCE IN H1 2018.OUTLOOK REMAINS SIMILAR TO THE ONE OUTLINED ON 28 FEBRUARY 2018.  Full Article

NV Bekaert SA Bekaert Achieved More Than 10% Sales Growth In 2017‍​
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Nv Bekaert Sa ::BEKAERT ACHIEVED MORE THAN 10% SALES GROWTH IN 2017‍​.FY UNDERLYING EBIT EUR 301 ‍​MILLION VERSUS EUR 305 MILLION YEAR AGO.FY CONSOLIDATED SALES EUR ‍​4.1 BILLION VERSUS EUR 4.01 BILLION IN REUTERS POLL.FY UNDERLYING EBITDA EUR 497 MILLION VERSUS EUR 517 MILLION IN REUTERS POLL.WILL PROPOSE TO DISTRIBUTE A GROSS DIVIDEND OF € 1.10 PER SHARE.WE ARE CONFIDENT WE WILL IMPROVE OUR PROFITABILITY PROGRESSIVELY DURING THE YEAR TO ACHIEVE THE SAME PROFITABILITY LEVEL OF 2017.WE CONTINUE TO BELIEVE THAT IMPROVEMENTS WE ARE MAKING THROUGHOUT OUR BUSINESS WILL ALLOW US TO MOVE TOWARDS A 10% UNDERLYING EBIT MARGIN OVER THE MEDIUM TERM.2018, ANTICIPATE GOOD DEMAND IN AUTOMOTIVE MARKETS.2018, TO PROGRESSIVELY IMPROVE ON ALL CONTROLLABLE FACTORS IN COURSE OF THE YEAR.THE RESULT FOR THE PERIOD THUS TOTALED € 183 MILLION, COMPARED WITH € 112 MILLION IN 2016.  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

UPDATE 1-Bekaert to restructure Belgian activities, cuts over 200 jobs

March 28 Belgian steel wire producer NV Bekaert said on Thursday it intended to close its steel fibre plant in Belgium, cutting 281 jobs as part of a restructuring plan aimed at raising competitiveness in a tough steel fibre market.