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NV Bekaert SA (BEKB.BR)

BEKB.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bekaert Restructures And Refinances Debt Debt Held By Bridon-Bekaert Ropes Group
Monday, 15 Oct 2018 01:30am EDT 

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 01:01am EDT 

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 01:30am EDT 

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 01:00am EST 

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 01:30am EST 

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

NV Bekaert: H1 underlying EBIT of EUR 176 million, up 12% yoy
Friday, 28 Jul 2017 01:00am EDT 

July 28 (Reuters) - NV BEKAERT SA : :REITERATE OUR VIEW THAT WE WILL BROADLY REPEAT IN 2017 OUR UNDERLYING ABSOLUTE EBIT OF 2016‍​.H1 CONSOLIDATED SALES OF € 2.1 BILLION (+15%) AND COMBINED SALES OF € 2.4 BILLION (+14%)‍​.H1 UNDERLYING EBIT OF € 176 MILLION (8.4% MARGIN) COMPARED WITH € 157 MILLION (8.6% MARGIN)‍​.H1 UNDERLYING GROSS PROFIT OF € 382 MILLION (18% MARGIN) COMPARED WITH € 347 MILLION (19% MARGIN)‍​." WE INTEND TO INVEST € 250 MILLION IN PROPERTY, PLANT AND EQUIPMENT IN FY 2017, AROUND € 100 MILLION HIGHER THAN LAST YEAR"‍​.BELIEVES UNDERLYING STRATEGY ALLOWS US TO MOVE TOWARDS A 10% MARGIN OVER THE COMING YEARS.‍​.RECENT INTEGRATION OF SUMARÉ ACTIVITIES INTO ARCELORMITTAL-BEKAERT JV IN BRAZIL WILL HAVE AN IMPACT ON RESULTS‍​.THE PROJECTED NORMAL SEASONALITY OF THE SECOND HALF OF THE YEAR WILL HAVE AN IMPACT ON RESULTS‍​.  Full Article

Bekaert and ArcelorMittal successfully close Sumaré deal
Thursday, 22 Jun 2017 01:30am EDT 

June 22 (Reuters) - NV BEKAERT SA :REG-BEKAERT AND ARCELORMITTAL SUCCESSFULLY CLOSE SUMARÉ DEAL.PROCEEDS OF TRANSACTION AMOUNT TO APPROXIMATELY EUR 56 MILLION,.PROCEEDS OF TRANSACTION RESULT IN ESTIMATED GAIN ON DISPOSAL OF EUR 38 MILLION WHICH WILL BE RECOGNIZED IN BEKAERT'S CONSOLIDATED STATEMENTS FOR H1 OF 2017.  Full Article

NV Bekaert consolidated revenue up 1 061 million euros for Q1 2017
Wednesday, 10 May 2017 01:30am EDT 

May 10 (Reuters) - NV BEKAERT SA ::ACHIEVED A 20% INCREASE IN CONSOLIDATED REVENUE, REACHING EUR 1 061 MILLION FOR Q1 OF 2017.Q1 COMBINED SALES INCREASED BY 19% TO EUR 1 223 MILLION.OUTLOOK REMAINS VERY SIMILAR TO THE ONE OUTLINED AT THE BEGINNING OF MARCH.  Full Article

Bekaert and ArcelorMittal extend their partnership in Brazil
Wednesday, 26 Apr 2017 07:00am EDT 

April 26 (Reuters) - NV Bekaert SA ::Bekaert and ArcelorMittal <<>> extend their partnership in Brazil.Bekaert and ArcelorMittal reached agreement on integration of co's currently wholly-owned subsidiary in Sumare (Brazil) into BMB (Belgo Mineira Bekaert Artefatos de Arame Ltda) partnership.ArcelorMittal will be the majority shareholder (55.5 pct) of the steel cord entity in Sumare and Bekaert will hold the remaining shares (44.5 pct).Transaction is subject to customary closing conditions and is expected to be completed in the Q2 of 2017.  Full Article

NV Bekaert FY consolidated sales at 3.7 bln euros, in line with Reuters poll
Wednesday, 1 Mar 2017 01:40am EST 

NV Bekaert SA : FY underlying EBIT, up 32 percent to 305 million euros ($321.99 million) . FY consolidated sales 3.7 billion euros versus 3.71 billion euros in Reuters poll . Will propose gross dividend of 1.10 euros per share, compared with 0.90 euros last year . The dividend will, upon approval by the general meeting of shareholders, become payable as of May 15, 2017 . Says project automotive markets to continue to perform well in the first half of 2017 . Expects demand from oil and gas markets to remain weak due to the continuing low planned investment activity in extraction projects . Expects a strong start to year in solar markets, ahead of changes to feed-in tariffs in China . Expects continuing improvements to move their underlying EBIT margin trend towards 10 percent over the next 5 years . We believe we will broadly repeat in 2017 our current strong underlying EBIT level .Expects transformation programs to compensate for the adverse effects of changes to its consolidation scope in 2017.  Full Article

French and Benelux stocks-Factors to watch on October 15

Oct 15 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.