FY17 results in line with the company’s earlier guidance. The good new is the company was able to pass on wire rod price inreases in Q4 17 without affecting volumes. Bekaert also announced the launch of a new abrasive sawing wire which should start delivering a positive contribution in H2 18. Bridon is expected to turn around progressively thanks to efficiency actions and a better O&G market. The company aims to improve its profitability progressively during 2018 to achieve the same
06 Mar 2018
Margins expected to bottom out in 2018
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Margins expected to bottom out in 2018
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
06 Mar 2018 -
Author:
Lionel Pellicer -
Pages:
3
FY17 results in line with the company’s earlier guidance. The good new is the company was able to pass on wire rod price inreases in Q4 17 without affecting volumes. Bekaert also announced the launch of a new abrasive sawing wire which should start delivering a positive contribution in H2 18. Bridon is expected to turn around progressively thanks to efficiency actions and a better O&G market. The company aims to improve its profitability progressively during 2018 to achieve the same