Loading the navigation bar... Please wait.
|
Press Release 31 July 2007
Half year results 2007 |
Press contacts Françoise Vanthemsche Tel. +32 56 23 05 71 Investor Relations Jacques Anckaert Tel. +32 56 23 05 72 |
|
Press contacts Françoise Vanthemsche T +32 56 23 05 71 Investor Relations Jacques Anckaert T +32 56 23 05 72 |
| |
|
31 July 2007 |
| |
|
| |
|
|
| |
|
Half year results 2007 |
| |
|
|
| |
|
Bekaert posts strong results | ||
– Record sales in first half
– Steel cord
– Difficult market conditions in
– 8.5% EBIT margin on sales before non-recurring items, compared with 7.9%
8.1% EBIT margin on sales, compared with 7.5%
– Earnings per share: € 3.60 compared with € 3.51 (continuing operations)
Sales
In the first half of 2007, Bekaert achieved consolidated sales of € 1.1 billion and combined sales of € 1.7 billion, an increase of 6% and 3% respectively.[1] [2]
The consolidated sales’ increase was 6% from organic growth and 2% from the net movement in acquisitions and divestments. Currency movements had a negative impact of 2%.
Consolidated and combined sales by business segment
|
1 H 07 |
Consolidated sales |
|
Combined sales | ||
|
|
in millions of € |
variance |
|
in millions of € |
variance |
|
Advanced wire products |
897 |
+5% |
|
1 508 |
+4% |
|
Advanced materials |
101 |
+15% |
|
101 |
+15% |
|
Advanced coatings |
64 |
-6% |
|
64 |
-6% |
|
Intersegment sales and others |
3 |
– |
|
-2 |
– |
|
Total |
1 065 |
+6% |
|
1 671 |
+3% |
4% 6% 6% 10% 84% Advanced wire products Advanced materials Advanced coatings 90%
Consolidated[3] Combined3
Consolidated and combined sales by geographical area
|
1 H 07 |
Consolidated sales |
|
Combined sales | ||
|
|
in millions of € |
variance |
|
in millions of € |
variance |
|
|
536 |
+12% |
|
541 |
+7% |
|
|
273 |
-18% |
|
292 |
-17% |
|
|
18 |
+17% |
|
587 |
+4% |
|
|
217 |
+32% |
|
223 |
+29% |
|
Other regions |
21 |
+25% |
|
28 |
+9% |
|
Total |
1 065 |
+6% |
|
1 671 |
+3% |
Consolidated Combined 13% 2% 20% 2% Europe 50% 26% North America 2% 18% 32% 35% North America Asia Other regions Europea Latin America
Advanced wire products
|
Key figures (in millions of €) |
1 H 07 |
1 H 06 |
|
Consolidated sales |
897 |
852 |
|
Operating result (EBIT) before non-recurring items |
108 |
94 |
|
Operating result (EBIT) |
105 |
92 |
|
Depreciation and amortization |
50 |
48 |
|
EBITDA |
155 |
140 |
|
EBIT margin on sales |
11.7% |
10.8% |
|
EBITDA margin on sales |
17.2% |
16.4% |
|
Combined sales |
1 508 |
1 445 |
|
Share in result of the joint ventures |
23 |
28 |
Combined sales growth by activity platform
|
Wire Wire Wire Wire |
+15% -7% +4% +18% |
Building products Steel cord Steel cord others Other advanced wire products |
+13% +53% |
