Brief: Bekaert H1 Result For The Period Rises To 231 Million Euros

NV Bekaert SA

30/07/2021 06:29

July 30 (Reuters) - NV Bekaert SA  BEKB.BR :
    * H1 EARNINGS PER SHARE 3.66 EUR VERSUS 0.59 EUR YEAR AGO
    * H1 CONSOLIDATED SALES OF EUR 2 306 MILLION (+33% ) AND
COMBINED
SALES OF EUR 2 782 MILLION (+39%2)
    * H1 UNDERLYING EBIT OF EUR 285 MILLION, GENERATING A MARGIN
ON
SALES OF 12.4%, UP 7.2 PPT FROM H1 LAST YEAR
    * H1 OPERATING FREE CASH FLOW OF EUR 155 MILLION (VERSUS EUR
61
MILLION IN H1 2020) DRIVEN BY HIGHER PROFITABILITY
    * EXCLUDING H1 2021 INVENTORY VALUATION IMPACT, UNDERLYING
EBIT
MARGIN WOULD HAVE REACHED APPROXIMATELY 10%
    * UNDERLYING EBIT OF SECOND HALF WILL THEREFORE BE LOWER
THAN
FIRST HALF OF 2021 AND IS PROJECTED TO APPROXIMATE OR EXCEED
SOLID LEVEL OF SECOND HALF LAST YEAR
    * PROJECTS FOR FY 2021 AN UNDERLYING EBIT MARGIN ON SALES OF
10%
OR BETTER AND SALES OF APPROXIMATELY EUR 4.6 BILLION
    * WE ALSO RAISE OUR AMBITIONS OVER MID TERM (2022-2026) WITH
AN
UNDERLYING EBIT MARGIN AMBITION LEVEL OF 9% TO 11% THROUGH CYCLE
    * H1 RESULT FOR THE PERIOD THUS TOTALED € +231 MILLION,
COMPARED
WITH € +34 MILLION IN THE SAME PERIOD OF 2020

Source text for Eikon:  ID:nGNE9vYSgb 
Further company coverage:  BEKB.BR 

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