Bekaert reported strong growth of 20% yoy in Q1 17, as revenue reached €1,061m. The organic growth reached 10%, while the reported growth also benefited from a 3% positive currency impact and a +6.5% growth from M&A. In comparison with last year, most currencies’ exchange rates increased versus the euro, leading to a total favourable currency effect of +3% in Q1 17. The incremental impact of the Bridon integration within the Bridon-Bekaert Ropes division drove consolidated sale
10 May 2017
Strong start to the year, driven by the Automotive market
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Strong start to the year, driven by the Automotive market
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
10 May 2017 -
Author:
Lionel Pellicer -
Pages:
3
Bekaert reported strong growth of 20% yoy in Q1 17, as revenue reached €1,061m. The organic growth reached 10%, while the reported growth also benefited from a 3% positive currency impact and a +6.5% growth from M&A. In comparison with last year, most currencies’ exchange rates increased versus the euro, leading to a total favourable currency effect of +3% in Q1 17. The incremental impact of the Bridon integration within the Bridon-Bekaert Ropes division drove consolidated sale