BELDEN - 1Q16 RESULTS
​Belden is a US-based manufacturer of cables, connectivity and networking products. In 1Q16, top line was again challenged by the stronger USD, weighing on competitiveness, and lower copper prices (input quickly passed-through to customers). The group also suffered from the reduced demand in the oil industry, which makes up 5% of sales, as well as from weak LatAm markets. On an organic basis (constant scope and FX), revenues declined by 1.0% to $544m in Q1.
Belden is a global supplier of networking solutions built around two global business platforms: Enterprise Solutions and Industrial Solutions. The company's portfolio of solutions enables customers to transmit and secure data, sound, and video for mission critical applications across complex enterprise and industrial environments. The company's Enterprise Solutions segment provides network infrastructure solutions, as well as cabling and connectivity solutions for commercial audio/video and security applications. The company's Industrial Solutions segment provides networking components and machine connectivity products.
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