Bekaert shares rise as in-line results offer relief

NV Bekaert SA

13/05/2026 09:03

** Shares of Bekaert BEKB.BR rise more than 2% after reassuring results posted by the Belgian steel wire transformation and coatings company

** "Q1 results are very much in-line with consensus and its FY outlook is unchanged, which may potentially lead to some relief in the shares today", analysts of ING wrote in a note

** Bekaert's shares fell last week after an unexpected CEO change, ING points out

** The group reported like-for-like sales and total consolidated sales reaching 917 million euros ($1.07 billion) in the first quarter of the year

** The Belgian firm also continues to expect sales and margins to be at similar levels to last year on a like-for-like basis, it said in a statement

($1 = 0.8535 euros)

(Reporting by Nathan Vifflin in Gdansk)

((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))