BEKB Bekaert SA

Disposal of own shares by Bekaert

Disposal of own shares by Bekaert

Publication in accordance with Article 8:6, § 1 of the Royal Decree of 29 April 2019 implementing the Code on Companies and Associations

 

On 14 May 2020, NV Bekaert SA ("Bekaert") granted a total of 5 948 own shares free of charge outside the stock exchange to former members of the Bekaert Group Executive under the Bekaert Share Matching Plan. As a result, the total number of treasury shares held by Bekaert decreased from 3 862 309 to 3 856 361.



 

Attachment

EN
18/05/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Bekaert SA

Bekaert S.A.: 1 director

A director at Bekaert S.A. sold/sold after exercising options 10,800 shares at 46.010EUR and the significance rating of the trade was 77/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over...

Frank Claassen
  • Frank Claassen

Bekaert - More proof points of successful transformation

•    The FY23 results and 2024 outlook were more encouraging than anticipated which are more proof points of its successful transformation. •    At its recent CMD, Bekaert raised its 2026 growth target for top line (>5%) and EBIT margin (from >9% to >10%) underlining its confidence.•    Buy reiterated. We raise our TP from EUR 58 to EUR 63, based on a 4-5% increase EBIT estimates and lower net debt. This TP is based on our 2025E SOTP with a still undemanding overall target EV/EBIT of 8x.

Sharad Kumar S.P ... (+3)
  • Sharad Kumar S.P
  • Wim Hoste
  • Wim Lewi
Wim Hoste
  • Wim Hoste

Bekaert The journey continues – upgrading target price to € 58

We updated our earnings model after Bekaert delivered better than expected FY23 underlying EBIT margins, up c 80bps to 9.0%, and guided for at least stable underlying EBIT margins in 2024. We upped our uEBIT margin forecast for 2024 by about 50bps and now bank on a 9.2% uEBIT margin while incorporating further margin growth in the following years, as we expect further earnings support from further portfolio pruning and a gradually improving mix whereby more profitable segments such as Specialty ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch