![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
NV Bekaert SA | EU:BEKB | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.12 | -0.31% | 38.52 | 38.50 | 38.64 | 38.60 | 38.34 | 38.60 | 1,358 | 08:05:48 |
Strategic progress and financial resilience delivers improved profit margins
Sales at € 2.1 billion • EBITu of € 204 million (margin 9.9%) • EPSu of € 3.04 • Free Cash Flow of € 43 million • ROCEu 18.5% • Net debt/EBITDAu of 0.7x
Bekaert delivered another period of improving profit margins and solid cash flow generation in line with expectations, managing the challenges of weaker end markets and lower volumes.
Whilst the operational performance was mixed in certain business areas and there were some delays in growth markets, the ongoing strategic execution, improving product price and mix and extracting further cost efficiencies have offset these challenges to deliver a result in line with expectations. With underlying gross profit margin improving to 18.4%, EBITu margins up to 9.9% and robust free cash flow of € 43 million in H1 2024, profit expectations for the full year 2024 remain unchanged.
Financial highlights
Operational and strategic highlights
Outlook
The company’s resilient financial performance in H1 and robust financial position gives us confidence in our ability to further deliver on our strategic and financial priorities. There have been delays to some growth businesses and in this environment, management now expects a modest decline in sales in FY 2024 against FY 2023. However, it does anticipate increasing EBITu margins in 2024 and EBITu in-line with current expectations, alongside further strong free cash flow generation. Looking beyond 2024, management remains confident in its existing longer term targets.
Conference call
Yves Kerstens, CEO of Bekaert and Taoufiq Boussaid, CFO, will present the H1 2024 results at 10:00 a.m. CET on Friday 26th July. This presentation can be accessed live upon registration via the Bekaert website (bekaert.com/en/investors) and will be available on the website after the event.
Attachment
1 Year NV Bekaert Chart |
1 Month NV Bekaert Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions