Edition:
United Kingdom

Bekaert FY Underlying EBITDA 426 Million Euros


Friday, 1 Mar 2019 

March 1 (Reuters) - NV BEKAERT SA ::+8.9% ORGANIC SALES GROWTH IN 2018.IN 2019 WE PROJECT TO LIMIT THE CAPITAL EXPENDITURE TO BETWEEN € 130 AND 150 MILLION, DOWN FROM ALMOST € 200 MILLION IN 2018.FY UNDERLYING EBITDA EUR 426 MILLION VERSUS EUR 497 MILLION YEAR AGO.FY RESULT FOR THE PERIOD ATTRIBUTABLE TO EQUITY HOLDERS OF BEKAERT: € 40 MILLION, DOWN FROM € 185 MILLION IN 2017.DUE TO SEVERE PRICE EROSION IN SAWING WIRE MARKETS, WE DO NOT PROJECT A SIGNIFICANT CONTRIBUTION OF THE RESPECTIVE ACTIVITIES IN 2019.WE ARE RESOLVING THE START-UP ISSUES IN THE VARIOUS EXPANSION PROGRAMS AND WILL SEE INCREASED BENEFITS FROM THOSE INVESTMENTS IN THE COURSE OF 2019. 

Company Quote

23.94
0.26 +1.10%
16 Aug 2019