Bekaert : Preview 1H24: no surprises in earnings, 2024 sales guidance could be tweaked
>Good EBITu margins despite volume headwind - Bekaert will publish H1 2024 results on July 26 at 07.00h CET. An analyst call and investor webcast is scheduled for 10h CET. We forecast sales of €2.08bn (css at €2.11bn) with an EBITu of €202m (margin of 9.7%) with css at €204m (margin of 9.6%). Those numbers imply a sales decline of 9% yoy (using css) which is driven by lower wire rod prices but also headwind (volume wise) in all divisions. We assume that NWC will come...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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