Bekaert fall on Q1 sales drop, lowered uEBIT margin guidance

NV Bekaert SA

14/05/2025 08:52

Refiles to fix spelling throughout, adds signoff

** Shares in steel wire maker Bekaert BEKB.BR fall 3.5% after Q1 revenue drop and some underlying EBIT margin guidance cut

** Its Q1 revenue comes in at 991 million euros ($1.11 billion), down 3% y/y

** The group's margin pressure from the challenging market environment was only partially offset by cost savings, KBC Securities says

** The group expects the weak business environment to persist with ongoing uncertainty around tariffs, global trade and macroeconomic outlook

** It adds customers are delaying orders or investment decisions in several business segments, most notably construction

** "Bekaert reiterated guidance calling for flat FY25 revenues whilst it adjusted guidance on the uEBIT margins from at least stable to stable," KBC notes

($1 = 0.8938 euros)

 (Reporting by Mathias de Rozario)

 ((Mathias.deRozario@thomsonreuters.com>))