Bekaert : Better than expected margins, positive 2024 guidance but no SBB
>EBITu margin 9.0% vs guidance 8.5%-8.7% but no SBB - Bekaert reported 2023 sales of €4.33bn, exactly in line with css and guidance. EBITu came in at €388m or a beat of 5% versus company compiled css of €370m (Aoe €369m). That €388m implies an EBITu margin of 9.0% versus reiterated guidance of mid November of 8.5%-8.7% with css at 8.5% (AOe 8.6%). Due to the solid EBIT, slightly lower than expected capex, solid working capital management and lower cash taxes, FCF was ...Bekaert is a global technological and market company engaged in advanced solutions based in steel wire transformation and coatings as well as an independent manufacturer of drawn steel wire products. In addition, Co. teams up with customers and suppliers globally to develop, implement, upgrade, and protect both current and future technologies. Co.'s business activities are put in practice along two main axes: Product Innovation and Process Innovation. Product Innovation helps Co. better serve its customers, while Process innovation enables Co. to increase operational effectiveness, minimizing its impact on the environment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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