Bekaert reported Q1 16 revenue showing mixed figures. The company also looks more cautious for the second half of the year. Bekaert achieved consolidated sales of €884m in Q1 16, a 2% yoy decrease. The solid organic volume growth (+5.5%) was fully offset by significantly lower wire rod prices (-6%) which were passed on to customers. At the same time, mix improvements (+3%) were more than offset by continued price erosion in tyre markets (-2%). The net effect of acquisitions (+2%) and div
11 May 2016
Negative FX and prices offset Q1 16 volume growth
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Negative FX and prices offset Q1 16 volume growth
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
11 May 2016 -
Author:
Lionel Pellicer -
Pages:
2
Bekaert reported Q1 16 revenue showing mixed figures. The company also looks more cautious for the second half of the year. Bekaert achieved consolidated sales of €884m in Q1 16, a 2% yoy decrease. The solid organic volume growth (+5.5%) was fully offset by significantly lower wire rod prices (-6%) which were passed on to customers. At the same time, mix improvements (+3%) were more than offset by continued price erosion in tyre markets (-2%). The net effect of acquisitions (+2%) and div