Bekaert : Preview 2H2020 and FY2020
>A solid end of the year - Bekaert will report FY2020 results on March 3. A Capital Markets Day is scheduled for March 10. We forecast FY2020 sales of €3.77bn (consensus at €3.75bn) and an underlying EBIT of €230m (consensus at €242m, guidance was ‘close to FY2019’ which was €240m). Since contributing estimates, several tire manufacturers have come out with solid 4Q20 numbers, citing strong demand, which suggests that our underlying EBIT may be too cautious. FY2020 co...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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