Bekaert reported its H117 results The company achieved a 15% increase in consolidated revenue, reaching €2095m in H117. The growth stemmed from strong organic sales (+6.5%), M&A (+6.5%) reflecting the incremental impact of the Bridon integration within the Bridon-Bekaert Ropes Group, and favorable currency movements (+2%). Underlying EBIT increased 12% to €176 million at a margin of 8.4% (versus 8.6%) but above the 2016 level of €157m. Net debt was €1230m. Net debt on
28 Jul 2017
No drama in Q2, but the lack of upward revision is disappointing
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No drama in Q2, but the lack of upward revision is disappointing
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
28 Jul 2017 -
Author:
Lionel Pellicer -
Pages:
3
Bekaert reported its H117 results The company achieved a 15% increase in consolidated revenue, reaching €2095m in H117. The growth stemmed from strong organic sales (+6.5%), M&A (+6.5%) reflecting the incremental impact of the Bridon integration within the Bridon-Bekaert Ropes Group, and favorable currency movements (+2%). Underlying EBIT increased 12% to €176 million at a margin of 8.4% (versus 8.6%) but above the 2016 level of €157m. Net debt was €1230m. Net debt on