Bekaert: fall in 2018 earnings
(CercleFinance.com) - The Belgian industrial group Bekaert has published 2018 EPS of 0.
70 euro, down sharply from 3.26 euros the previous year, with underlying EBIT of 210 million euros, meaning a margin of 4.9%, against 7.3% in 2017.
It posted revenue that is up 5.1% at 4.3 billion euros, with organic growth of 8.9%, resulting from volume growth of 2.2% and the combined effect of the repercussion of increases in the price of wire rod and its price-mix (+6.6%).
Le conseil d'administration proposera de distribuer un dividende brut de 0,70 euro par action. Conformément à sa politique en la matière, la réduction temporaire du dividende proposée reflète la baisse des bénéfices et l'endettement élevé de l'entreprise.
The group's board of directors will propose to a gross dividend of 0.70 euro per share. In accordance with its policy, the temporary reduction in the proposed dividend reflects the decline in earnings and the company's high debt.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
70 euro, down sharply from 3.26 euros the previous year, with underlying EBIT of 210 million euros, meaning a margin of 4.9%, against 7.3% in 2017.
It posted revenue that is up 5.1% at 4.3 billion euros, with organic growth of 8.9%, resulting from volume growth of 2.2% and the combined effect of the repercussion of increases in the price of wire rod and its price-mix (+6.6%).
Le conseil d'administration proposera de distribuer un dividende brut de 0,70 euro par action. Conformément à sa politique en la matière, la réduction temporaire du dividende proposée reflète la baisse des bénéfices et l'endettement élevé de l'entreprise.
The group's board of directors will propose to a gross dividend of 0.70 euro per share. In accordance with its policy, the temporary reduction in the proposed dividend reflects the decline in earnings and the company's high debt.
Copyright (c) 2019 CercleFinance.com. All rights reserved.