Brief: Bekaert H1 Underlying EBITDA Up At EUR 381 Mln

NV Bekaert SA

29/07/2022 06:03

July 29 (Reuters) - NV BEKAERT SA  BEKB.BR :
    * H1 EARNINGS PER SHARE ROSE 14 PERCENT TO 4.16 EUR
    * H1 CONSOLIDATED SALES OF EUR 2 859 MILLION (+24%) AND
COMBINED
SALES OF EUR 3 456 MILLION (+24%)
    * H1 GROSS PROFIT OF EUR 472 MILLION, IN LINE WITH A VERY
STRONG
FIRST HALF LAST YEAR (EUR 473 MILLION)
    * H1 UNDERLYING EBITDA OF EUR 381 MILLION, EUR +5 MILLION
HIGHER
THAN FOR SAME PERIOD LAST YEAR (EUR 376 MILLION)
    * H1 RESULT FOR PERIOD ATTRIBUTABLE TO EQUITY HOLDERS OF
BEKAERT
INCREASED BY +14% TO EUR 237 MILLION
    * END-JUNE NET DEBT OF EUR 673 MILLION, UP FROM EUR 519
MILLION ON
30 JUNE 2021. NET DEBT ON UNDERLYING EBITDA REMAINED WELL BELOW
1.0 (0.88 VERSUS 0.69 AT CLOSE OF H1 2021)
    * H1 EPS OF EUR 4.16 PER SHARE, AN INCREASE OF +14% VERSUS
EUR
3.66 LAST YEAR
    * OUR PROFITABILITY AMBITIONS FOR MEDIUM TERM REMAIN
UNCHANGED
    * 2022 OUTLOOK REMAINS PARTICULARLY VOLATILE DUE TO
MACROECONOMIC
AND GEOPOLITICAL TURBULENCES

Source text for Eikon:  ID:nGNE3NHdmG 
Further company coverage:  BEKB.BR 

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