Brief: Bekaert FY Underlying EBIT Down At 459 Million Euros

NV Bekaert SA

01/03/2023 06:46

March 1 (Reuters) - NV Bekaert SA  BEKB.BR :
    * DELIVERS STRONG SALES GROWTH AND ROBUST FINANCIAL RESULTS
IN
CHALLENGING MARKET CONDITIONS
    * FY CONSOLIDATED SALES OF € 5.7 BILLION (+16.8%) AND
COMBINED
SALES OF € 6.9 BILLION (+17.1%)
    * PROPOSED DIVIDEND OF € 1.65 PER SHARE (+10%) AND CONTINUED
SHARE
BUYBACK OF UP TO € 120 MILLION
    * CONFIRMS AMBITION TO REACH MID-TERM TARGETS (2022-2026) OF
ORGANIC SALES GROWTH OF 3%+ CAGR AND AN UNDERLYING EBIT MARGIN
LEVEL OF 9% TO 11% THROUGH CYCLE
    * 2023 STARTED WELL ACROSS ALL BUSINESS UNITS, BUT ECONOMIC
UNCERTAINTIES REMAIN
    * FY UNDERLYING  EBIT OF EUR 459 MILLION VERSUS EUR 512
MILLION
YEAR AGO

Source text for Eikon:  ID:nGNE2CN1Zl 
Further company coverage:  BEKB.BR 

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