Bekaert published Q3 23 revenues which missed street forecasts as the slump in volume came in worse-than-expected. Consolidated sales declined by 8% sequentially, when consensus was expecting a c. +5% rebound. Bekaert finally issued a quantitative FY23 guidance, calling for a 7% cut to our top line expectation. Our 8.6% underlying EBIT forecast met the freshly issued FY23 target. The first comments on the FY24 perspectives lacked optimism. We expect the 7 December CMD to be focused on growth dri ....
