Brief: Bekaert Sees 2023 EBITu Margin Of 8.5-8.7%, Challenging Demand To Continue Into Q1

NV Bekaert SA

17/11/2023 06:06

Nov 17 (Reuters) - NV Bekaert SA  BEKB.BR :
    * BEKAERT 9M REVENUE EUR 3,355 MILLION
    * OUTLOOK 2023: CONSOLIDATED SALES OF APPROXIMATELY EUR 4.3
BILLION REFLECTING ONGOING REVERSAL OF RAW MATERIAL COST
INFLATION AND NORMALIZATION OF ENERGY SURCHARGES IN 2022
    * OUTLOOK 2023: EBITU MARGIN IN RANGE OF 8.5-8.7% (UP FROM
8.2%
LAST YEAR)
    * GROUP EXPECTS CHALLENGING DEMAND ENVIRONMENT TO CONTINUE
IN MOST
REGIONS INTO Q1
    * OUTLOOK 2023: STRONG CASH PERFORMANCE FOR THE YEAR, DRIVEN
BY
ONGOING WORKING CAPITAL MANAGEMENT
    * DISPOSAL OF STEEL WIRE SOLUTIONS BUSINESSES IN CHILE AND
PERU
NOW COMPLETED

Source text for Eikon:  ID:nGNE4D6Tds 
Further company coverage:  BEKB.BR 

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