Bekaert posted a 20.2% yoy revenue contraction, mainly affected by its 42.2% exposure to the tyre & automotive sector (-29.1% yoy) and 18.9% exposure to the Construction sector (-28.8% yoy). Limiting this contraction, the basic materials and energy & utilities sectors grew by 33.4% yoy and 10.6% yoy, respectively. This translated into a €87m EBIT (benefiting from lower overhead costs, temporary plant shutdowns, and an increased focus on higher margin activities). As of now, the c

04 Aug 2020
Wires for tyres? Not this time!

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Wires for tyres? Not this time!
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
04 Aug 2020 -
Author:
David Chaucayanqui -
Pages:
3 -
Bekaert posted a 20.2% yoy revenue contraction, mainly affected by its 42.2% exposure to the tyre & automotive sector (-29.1% yoy) and 18.9% exposure to the Construction sector (-28.8% yoy). Limiting this contraction, the basic materials and energy & utilities sectors grew by 33.4% yoy and 10.6% yoy, respectively. This translated into a €87m EBIT (benefiting from lower overhead costs, temporary plant shutdowns, and an increased focus on higher margin activities). As of now, the c