Edition:
United Kingdom

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. 

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