Brief: Bekaert Raises 2021 Outlook 2021, Reveals Mid-Term Guidance

NV Bekaert SA

28/05/2021 14:36

May 28 (Reuters) - NV Bekaert SA  BEKB.BR :
    * BEKAERT RAISES ITS OUTLOOK FOR THE FISCAL YEAR 2021 AND
REVEALS
THE GUIDANCE FOR MID-TERM
    * MID-TERM TARGETS (2022-2026) : 3%+ CAGR ORGANIC
CONSOLIDATED
SALES
    * MID-TERM TARGETS (2022-2026) : UNDERLYING EBIT MARGIN
8-10%
THROUGH THE CYCLE
    * MID-TERM TARGETS (2022-2026) : FCF YIELD AROUND 100%
FCF/NET
RESULT
    * MID-TERM TARGETS (2022-2026) : NET DEBT LEVERAGE <1.5 NET
DEBT/UEBITDA
    * RESTATED 2021 OUTLOOK: CONSOLIDATED SALES EUR 4.4 BILLION
    * RESTATED 2021 OUTLOOK: UNDERLYING EBIT MARGIN 80 BPS ABOVE
FY
2020
    * RESTATED 2021 OUTLOOK: NET DEBT LEVERAGE <1.0

Source text for Eikon:  ID:nGNE7NzVtF 
Further company coverage:  BEKB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))