Bekaert reported its FY16 results which showed impressive progress in all metrics resulting from cost-cutting actions and portfolio reshaping including acquisitions and business disposals. - Consolidated revenue reached €3.7bn (up 1%). - Q4 16 sales were up 9% vs Q4 15. Mergers and acquisitions accounted for 6% and organic sales growth was 3% driven by strong volume growth in Asia Pacific. - Gross profit increased by 15% in 2016: €690m (18.6% of sales) vs €598m in 2015 (16.3% o
02 Mar 2017
EBIT margin trending towards 10%
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EBIT margin trending towards 10%
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
02 Mar 2017 -
Author:
Lionel Pellicer -
Pages:
3
Bekaert reported its FY16 results which showed impressive progress in all metrics resulting from cost-cutting actions and portfolio reshaping including acquisitions and business disposals. - Consolidated revenue reached €3.7bn (up 1%). - Q4 16 sales were up 9% vs Q4 15. Mergers and acquisitions accounted for 6% and organic sales growth was 3% driven by strong volume growth in Asia Pacific. - Gross profit increased by 15% in 2016: €690m (18.6% of sales) vs €598m in 2015 (16.3% o