Bekaert: buoyant after annual results

(CercleFinance.com) - Bekaert shares jumped 9% in Brussels this morning, after the industrial group reported EPS from continuing operations up 5.
5% to E4.75 for 2023, and proposed a dividend that rose 9% to E1.80 per share.

The company explained that it had further improved its profit margins and generated solid cash flow despite overall sales that fell 13.9% to E5.3bn, in particular due to the reversal of raw material cost inflation.

Although economic uncertainties persist and a number of end markets remain difficult, management expects modest sales growth and at least stable margins in 2024.


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