Bekaert reported strong FY15 results and 2016 guidance, both above market expectations and our forecasts. Main figures: * 2015 revenue at €3.67bn, in line with expectations, corresponding to an organic growth of 2% (+14% reported). * The 2015 adj. EBIT reached €223m vs €164m last year, corresponding to an operating margin of 6.1% above expectations. * 2015 EPS €1.83 versus market estimate of €1.65. * Dividend raised to €0.90/share as expected (vs €0.85 last
26 Feb 2016
Strong prospects ahead despite some tailwinds
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong prospects ahead despite some tailwinds
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
26 Feb 2016 -
Author:
Lionel Pellicer -
Pages:
2
Bekaert reported strong FY15 results and 2016 guidance, both above market expectations and our forecasts. Main figures: * 2015 revenue at €3.67bn, in line with expectations, corresponding to an organic growth of 2% (+14% reported). * The 2015 adj. EBIT reached €223m vs €164m last year, corresponding to an operating margin of 6.1% above expectations. * 2015 EPS €1.83 versus market estimate of €1.65. * Dividend raised to €0.90/share as expected (vs €0.85 last