Bekaert issued a profit warning on its FY18 profit margin which is likely to be substantially lower than expected (20% below market consensus) while the FY18 EBIT should be lower than last year’s. The company cited many reasons including pricing pressure, the slow recovery of Bridon and changes to trade policies. The warning is disturbing and leadd to a lack of visibility.

20 Jul 2018
Profit warning harms the company's margin expansion story

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Profit warning harms the company's margin expansion story
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
20 Jul 2018 -
Author:
Lionel Pellicer -
Pages:
3 -
Bekaert issued a profit warning on its FY18 profit margin which is likely to be substantially lower than expected (20% below market consensus) while the FY18 EBIT should be lower than last year’s. The company cited many reasons including pricing pressure, the slow recovery of Bridon and changes to trade policies. The warning is disturbing and leadd to a lack of visibility.