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NV Bekaert SA (BEKB.BR)

BEKB.BR on Brussels Stock Exchange

33.48EUR
23 May 2018
Change (% chg)

€-0.12 (-0.36%)
Prev Close
€33.60
Open
€33.50
Day's High
€33.52
Day's Low
€33.08
Volume
144,366
Avg. Vol
134,530
52-wk High
€47.94
52-wk Low
€33.04

Latest Key Developments (Source: Significant Developments)

Bekaert Announces Adjustment To Rights Of Holders Of Convertible Bonds 2016-2021
Monday, 14 May 2018 02:30am EDT 

May 14 (Reuters) - NV Bekaert SA ::ADJUSTMENT TO THE RIGHTS OF THE HOLDERS OF THE CONVERTIBLE BONDS 2016-2021.TO DISTRIBUTE A GROSS DIVIDEND OF EUR 1.10 PER SHARE PAYABLE ON 15 MAY 2018.THE CONVERSION PRICE HAS BEEN ADJUSTED FROM € 51.25 TO € 50.71.THRESHOLD AMOUNT HAS BEEN ADJUSTED FROM EUR 0.90 TO EUR 0.8906.ADJUSTMENTS EFFECTIVE AS OF 11 MAY 2018.  Full Article

Bekaert Takes Full Ownership Of Bridon-Bekaert Ropes Group
Thursday, 26 Apr 2018 02:30am EDT 

April 26 (Reuters) - NV BEKAERT SA ::BEKAERT TAKES FULL OWNERSHIP OF BRIDON-BEKAERT ROPES GROUP.AGREEMENT IN PRINCIPLE FOR ACQUISITION BY BEKAERT OF ONTARIO TEACHERS' 33% EQUITY SHARE IN BRIDON-BEKAERT ROPES GROUP.DEFINITIVE AGREEMENT IS EXPECTED TO COMPLETE IN COMING MONTHS.  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 consolidated sales at 1.8 billion euros
Friday, 29 Jul 2016 01:00am EDT 

Nv Bekaert SA : Projects continued strong demand in H2 . H1 consolidated sales of 1.8 billion euros ($885.92 million) (-4 pct) and combined sales of 2.1 billion euros (-8 pct) . Reuters Poll: H1 consolidated sales 1.85 billion euros, combined sales 2.19 billion euros, EBITDA 270 million euros . H1 gross profit of 347 million euros (19 pct margin) compared with 304 million euros (16 pct margin) . H1 EBITDA of 242 million euros (13.3 pct margin) compared with 217 million euros (11.4 pct margin) . Do see an increased impact from the low activity in global oil and gas markets . Concerned about the continued weak economic environment in Latin America . Also project some slowdown in Europe from growing uncertainty and lack of confidence following Britain's choice to leave the European Union and we anticipate normal seasonality for the second half of the year . Remain confident we will continue to outperform the market environment over coming months .Sees will end the year ahead of our target goal of 7 pct REBIT, achieving between 7 pct and 8 pct REBIT for full year 2016.  Full Article

Bekaert appoints Beatriz Garcia-Cos Muntanola CFO
Wednesday, 29 Jun 2016 01:07am EDT 

NV Bekaert SA : Bekaert appoints new Chief Financial Officer (CFO) . Beatriz Garcia-Cos Muntanola appointed CFO of Bekaert .She will succeed Bruno Humblet who became Chief Executive Officer of Bridon-Bekaert Ropes Group.  Full Article

Bekaert expects to add about $350 mln in consolidated sales post Bridon-Bekaert merger
Wednesday, 29 Jun 2016 01:02am EDT 

NV Bekaert SA : Bekaert and Ontario Teachers' Pension Plan, previous owner of Bridon, have successfully closed definitive merger of their ropes and advanced cords businesses: Bridon-Bekaert . Transaction is estimated to add approximately $350 million (315 million euro at current rates) to Bekaert's consolidated sales on an annual basis in a normalized business context .Group projects a lower run rate over the first two years due to the current demand instability in oil and gas and mining markets.  Full Article