Bekaert : Preview 2023: guidance to be achieved, cautious remarks 2024 expected
>2023 sales and adj. EBIT margin guidance to be achieved, SBB likely - Bekaert will publish its 2023 results on March 1st. A webcast and Q&A session is planned for 10h CET. We assume 2023 sales will amount to c. €4.30bn (company compiled css at €4.34bn, guidance is approx.. €4.3bn) and an adjusted EBIT of €369m (css at €370m) or a margin of 8.6% versus guidance of 8.5%-8.7%. We assume a solid cash inflow from WC in H2, which offsets higher capex. This leads to a net...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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