The 9M revenues reached €2,759m (-1% yoy) as organic volume growth of 4.5% was more than offset by the lower wire rod prices (-3.2%), while the effect of mergers, acquisitions and disvestments was +1.6%. The company expects continuing strong demand from the automotive and construction markets in Q4 16 and anticipates a moderate pick-up in demand from solar markets after the Q3 decline. A reduction in feed-in tariffs is expected in China in April 2017 and demand is projected to strengthen
18 Nov 2016
A mixed bag in Q3, as the solar market weighed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A mixed bag in Q3, as the solar market weighed
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
18 Nov 2016 -
Author:
Lionel Pellicer -
Pages:
3
The 9M revenues reached €2,759m (-1% yoy) as organic volume growth of 4.5% was more than offset by the lower wire rod prices (-3.2%), while the effect of mergers, acquisitions and disvestments was +1.6%. The company expects continuing strong demand from the automotive and construction markets in Q4 16 and anticipates a moderate pick-up in demand from solar markets after the Q3 decline. A reduction in feed-in tariffs is expected in China in April 2017 and demand is projected to strengthen