Brief: Bekaert Expects 2022 Underlying EBIT Of EUR 450-460 Mln

NV Bekaert SA

18/11/2022 06:37

Nov 18 (Reuters) - NV Bekaert SA  BEKB.BR :
    * TRADING UPDATE FOR THE NINE MONTHS TO SEPTEMBER 2022
    * EXPECTS CHALLENGING DEMAND ENVIRONMENT TO CONTINUE IN MOST
REGIONS, PARTICULARLY IN LATIN AMERICA AND EMEA
    * WILL REMAIN AGILE TO ADDRESS THESE PRESSURES, AS IT HAS
DONE SO
FAR IN 2022
    * ANTICIPATES FOR FULL YEAR 2022:  CONSOLIDATED SALES OF
APPROXIMATELY EUR 5.7 BILLION, AN INCREASE BY EUR +900 MILLION
COMPARED WITH LAST YEAR RESULTING FROM DECISIVE PRICE MANAGEMENT
AND STRUCTURAL MIX IMPROVEMENTS
    * 2022 OUTLOOK: AROUND 150BPS MARGIN DILUTION FROM IMPACT OF
ZERO-MARGIN COST INFLATION PASS-THROUGH
    * 2022 OUTLOOK: AS A RESULT, UNDERLYING EBIT IS EXPECTED TO
BE IN
RANGE OF EUR 450-460 MILLION
    * IN FIRST NINE MONTHS OF 2022 CONSOLIDATED SALES INCREASED
TO EUR
4 336 MILLION (EUR +777 MILLION OR +21.8%) AND COMBINED SALES TO
EUR 5 257 MILLION (EUR +931 MILLION OR +21.5%)
    * OUR PROFITABILITY AMBITIONS FOR MEDIUM TERM REMAIN
UNCHANGED

Source text for Eikon:  ID:nGNEmfMpd 
Further company coverage:  BEKB.BR 
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