Steel wire specialist Bekaert has recorded a consolidated turnover of 2.859 billion euros in the first six months of this year, an increase of 24 percent, and a combined turnover of 3.456 billion euros (+24 percent). The company announced this before the stock exchange.
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Bekaert realized an underlying EBIT (earnings before interest and tax) of 283 million euros, almost the same as in the first half of last year. The net result rose by 14 percent to 237 million euros. Earnings per share amounted to 4.16 euros (3.66 euros a year earlier).
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Bekaert has delivered robust growth and solid earnings performance in the first half of 2022 with strong pricing and “excellent” operational performance. “Bekaert succeeded despite increasing volatility, cost inflation, supply chain challenges, lockdowns in China, and weaker demand in some regions, compared to a very strong first half last year,” it said.
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Bekaert maintains its profitability expectations for the medium term. However, the company emphasizes that the outlook for 2022 remains “very volatile” due to macroeconomic and geopolitical turbulence.
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