FY19 results show negligible revenue growth and double-digit growth in the underlying EBIT margin. Rubber Reinforcement, Speciality businesses, and BBRG have done well, while Steel Wire weighed. Additionally, the company achieved significant deleveraging. Bekaert aims to improve its profitability progressively during 2020-21 to achieve a 7% underlying EBIT margin.

05 Mar 2020
Solid margin growth in 2019

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Solid margin growth in 2019
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
05 Mar 2020 -
Author:
David Chaucayanqui - Pages:
-
FY19 results show negligible revenue growth and double-digit growth in the underlying EBIT margin. Rubber Reinforcement, Speciality businesses, and BBRG have done well, while Steel Wire weighed. Additionally, the company achieved significant deleveraging. Bekaert aims to improve its profitability progressively during 2020-21 to achieve a 7% underlying EBIT margin.