Bekaert : Preview 2H 2021: 2021 EBITu margin target to be easily achieved
>2021 EBITu guidance cautious - Bekaert will publish its 2021 results on February 25 at 07.00h CET. An analyst/investor call will be held later that day (no details provided yet). We forecast 2021 sales of €4.68bn (+24% yoy) versus consensus of €4.69bn and guidance of approximately €4.6bn. We forecast an EBITu of €527m (or a margin of 11.3%) while consensus is at €508m or a margin of 10.8%. Guidance for the EBITu margin is very cautious, with Bekaert calling for an EB...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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