Bekaert : Update + Preview: Neutral reiterated, TP to €44.50
>2022 results expected to be in line with guidance - Bekaert will publish its FY22 results on March 1st with an analyst call planned at 10h CET, which will be webcast. Given that Bekaert provided detailed guidance on November 18, we do not expect material deviations from that guidance. Bekaert guided for sales of approximately €5.7bn (AOe €5.67bn, cons €5.70bn) and an underlying EBIT in the range of €450-460m (AOe €462m, cons €460m). Remaining cautious ab...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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