Bekaert slides after 'weak' 2025 guidance

NV Bekaert SA

28/02/2025 08:46

** Shares in Bekaert BEKB.BR fall as much as 3.5% after the Belgian steel wire maker posted in-line full-year results and a cautious guidance for 2025

** The company expects the weak business environment of H2 2024 to persist into 2025 and guides for flat revenues and "at least stable" margins for this year

** ING says the new guidance suggests weak H1 2025 momentum

** "Bekaert guides for flat sales and at least flat uEBIT margins in 2025, which seems slightly more conservative than our and consensus forecasts", KBC analysts say

** The group's FY revenue and EBIT declined 9% and 10% respectively

 (Reporting by Federica Mileo)

 ((Federica.mileo@thomsonreuters.com))