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NV Bekaert SA (BEKB.BR)

BEKB.BR on Brussels Stock Exchange

21.46EUR
21 May 2019
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Latest Key Developments (Source: Significant Developments)

Bekaert Announces Restructuring Plans In Belgium
Thursday, 28 Mar 2019 

March 28 (Reuters) - NV BEKAERT SA ::BEKAERT ANNOUNCES RESTRUCTURING PLANS BELGIUM.INTENDED RESTRUCTURING WOULD AFFECT 281 JOBS IN BELGIUM.WE HAVE THE INTENTION TO MOVE CERTAIN ACTIVITIES CLOSER TO OUR OPERATIONS, IN LOWER COST LOCATIONS.TO MOVE SPARE PARTS ACTIVITIES TO SLOVAKIA, CLOSE TO OUR MAIN PRODUCTION PLANTS IN CENTRAL EUROPE.ACTIONS TO SECURE OUR POSITION IN EUROPEAN CONCRETE REINFORCEMENT MARKET INCLUDE INTENTION TO CLOSE DRAMIX PLANT IN MOEN, BELGIUM.ACTIONS TO SECURE OUR POSITION IN EUROPEAN CONCRETE REINFORCEMENT MARKET ALSO INCLUDE FURTHER UPSCALING OF PRODUCTION CAPACITY OF DRAMIX PLANT IN PETROVICE, CZECH REPUBLIC.BEKAERT’S DRAMIX PLANT IN MOEN, BELGIUM, DOES NOT HAVE THE ABILITY TO REMAIN COMPETITIVE WITH THE CURRENT PRICING TRENDS IN EMEA.  Full Article

Bekaert FY Underlying EBITDA 426 Million Euros
Friday, 1 Mar 2019 

March 1 (Reuters) - NV BEKAERT SA ::+8.9% ORGANIC SALES GROWTH IN 2018.IN 2019 WE PROJECT TO LIMIT THE CAPITAL EXPENDITURE TO BETWEEN € 130 AND 150 MILLION, DOWN FROM ALMOST € 200 MILLION IN 2018.FY UNDERLYING EBITDA EUR 426 MILLION VERSUS EUR 497 MILLION YEAR AGO.FY RESULT FOR THE PERIOD ATTRIBUTABLE TO EQUITY HOLDERS OF BEKAERT: € 40 MILLION, DOWN FROM € 185 MILLION IN 2017.DUE TO SEVERE PRICE EROSION IN SAWING WIRE MARKETS, WE DO NOT PROJECT A SIGNIFICANT CONTRIBUTION OF THE RESPECTIVE ACTIVITIES IN 2019.WE ARE RESOLVING THE START-UP ISSUES IN THE VARIOUS EXPANSION PROGRAMS AND WILL SEE INCREASED BENEFITS FROM THOSE INVESTMENTS IN THE COURSE OF 2019.  Full Article

Bekaert Decides To Close Dramix Plant In Costa Rica
Friday, 7 Sep 2018 

Sept 7 (Reuters) - NV Bekaert SA ::BEKAERT ANNOUNCES DECISION TO CLOSE DRAMIX? PLANT IN COSTA RICA.PLANS TO OFFER EMPLOYMENT TRANSFER FOR 20 PART-TIME EMPLOYEES TO THE COMPANY'S NEIGHBORING STEEL WIRE PLANT.WILL CONTINUE TO SERVE CUSTOMERS IN REGION WITH DRAMIX STEEL FIBERS PRODUCED IN OTHER BEKAERT ENTITIES IN WORLD.SAYS MANAGEMENT SEES NO OTHER OPTION TO SAFEGUARD ITS POSITION IN THE RESPECTIVE LATIN AMERICAN STEEL FIBER MARKETS.  Full Article

Bekaert Revises 2018 Outlook Down
Friday, 20 Jul 2018 

July 20 (Reuters) - NV BEKAERT SA ::REG-BEKAERT REVISES 2018 OUTLOOK DOWN.CONTINUED VOLATILITY OF WIRE ROD PRICES.ESTIMATE THAT OUR UNDERLYING EBIT FOR FIRST HALF WILL BE ABOUT 20% BELOW ANALYST EXPECTATIONS.UPSIDE EFFECTS FROM OUR ACTIONS TO PROGRESSIVELY IMPROVE PROFITABILITY OVER COURSE OF 2018 MAY BE MITIGATED OR DELAYED.WE BELIEVE WE WILL NOT BE ABLE TO ACHIEVE THE SAME PROFITABILITY LEVEL OF LAST YEAR FOR FY2018..NV BEKAERT - STRONG COMPETITIVE PRICE PRESSURE IN MOST MARKETS CONTINUES TO MAKE IT DIFFICULT TO PASS ON RAW MATERIAL PRICE INCREASES WITHOUT DELAY.  Full Article

Bekaert To Close Figline-Valdarno Site
Friday, 22 Jun 2018 

June 22 (Reuters) - NV BEKAERT SA ::BEKAERT ANNOUNCES DECISION TO CLOSE FIGLINE-VALDARNO SITE.TO CLOSE RUBBER REINFORCEMENT ENTITY IN FIGLINE E INCISA VALDARNO, ITALY AND CEASE ALL ACTIVITIES THERE.EXPRESSED ITS INTENTION TO START UP DIALOGUE AIMED AT MITIGATING SOCIAL IMPACT FOR 318 AFFECTED EMPLOYEES.PLANT HAS NOT BEEN ABLE TO GENERATE A FINANCIALLY SUSTAINABLE PERFORMANCE.  Full Article

Bekaert Announces Adjustment To Rights Of Holders Of Convertible Bonds 2016-2021
Monday, 14 May 2018 

May 14 (Reuters) - NV Bekaert SA ::ADJUSTMENT TO THE RIGHTS OF THE HOLDERS OF THE CONVERTIBLE BONDS 2016-2021.TO DISTRIBUTE A GROSS DIVIDEND OF EUR 1.10 PER SHARE PAYABLE ON 15 MAY 2018.THE CONVERSION PRICE HAS BEEN ADJUSTED FROM € 51.25 TO € 50.71.THRESHOLD AMOUNT HAS BEEN ADJUSTED FROM EUR 0.90 TO EUR 0.8906.ADJUSTMENTS EFFECTIVE AS OF 11 MAY 2018.  Full Article

Bekaert Takes Full Ownership Of Bridon-Bekaert Ropes Group
Thursday, 26 Apr 2018 

April 26 (Reuters) - NV BEKAERT SA ::BEKAERT TAKES FULL OWNERSHIP OF BRIDON-BEKAERT ROPES GROUP.AGREEMENT IN PRINCIPLE FOR ACQUISITION BY BEKAERT OF ONTARIO TEACHERS' 33% EQUITY SHARE IN BRIDON-BEKAERT ROPES GROUP.DEFINITIVE AGREEMENT IS EXPECTED TO COMPLETE IN COMING MONTHS.  Full Article

Bekaert 9M consolidated sales increase to 3.07 ‍​billion euros
Friday, 10 Nov 2017 

Nov 10 (Reuters) - NV BEKAERT SA : :9-MONTHS CONSOLIDATED SALES EUR 3.07 ‍​ BILLION VERSUS EUR 2.76 BILLION YEAR AGO.IT HAS BEEN EXTREMELY DIFFICULT TO PASS ON RAW MATERIALS PRICE INCREASES IN ALMOST ALL BUSINESSES‍​.UNCERTAINTY IN THE US IS CREATING AN INCREASINGLY DIFFICULT ECONOMIC BUSINESS CLIMATE.Q3 CONSOLIDATED SALES EUR ‍​977 MILLION VERSUS EUR 942 MILLION IN REUTERS POLL.REMAINS CONFIDENT ABOUT MOVING TOWARDS 10% UNDERLYING EBIT MARGIN OVER COMING YEARS.SEES MORE POSITIVE GROWTH INTO 2018 .INTEGRATION OF SUBSIDIARY INTO PARTNERSHIP WITH ARCELORMITTAL AND FY INTEGRATION OF BRIDON BUSINESS WILL HAVE ADVERSE IMPACT ON 2017 MARGINS.SEES LITTLE SIGNS OF RECOVERY IN LATIN AMERICA.  Full Article

UPDATE 1-Bekaert to restructure Belgian activities, cuts over 200 jobs

March 28 Belgian steel wire producer NV Bekaert said on Thursday it intended to close its steel fibre plant in Belgium, cutting 281 jobs as part of a restructuring plan aimed at raising competitiveness in a tough steel fibre market.