Bekaert reported robust H1 16 results. Main facts: H1 16 revenue reached €1.82bn (-4% yoy), strong currency impact of €-63m (3% of revenue). Recurring EBIT margin of 8.6% (€157m) to be compared with 5.9% in H1 15. Net income was impacted by “other financial income and expenses” of €-53.2m (versus €-13.9m) and reflected the increase in the fair value of the conversion option of the previous convertible bond (€-42.7m) in line with the evolution of the s
29 Jul 2016
Strong H1 margins lead to a rise in FY16 guidance
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Strong H1 margins lead to a rise in FY16 guidance
Bekaert SA (BEKB:WBO) | 0 0 1.1% | Mkt Cap: 2,215m
- Published:
29 Jul 2016 -
Author:
Lionel Pellicer -
Pages:
3
Bekaert reported robust H1 16 results. Main facts: H1 16 revenue reached €1.82bn (-4% yoy), strong currency impact of €-63m (3% of revenue). Recurring EBIT margin of 8.6% (€157m) to be compared with 5.9% in H1 15. Net income was impacted by “other financial income and expenses” of €-53.2m (versus €-13.9m) and reflected the increase in the fair value of the conversion option of the previous convertible bond (€-42.7m) in line with the evolution of the s