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Segment reporting

Annual Report 2010    Full pdf version  -or- online version (11MB)

Bekaert Shareholders' report 2010      Full version 


Segment reporting 2010

EMEA

in millions of €

Consolidated companies  2008 2009 2010  Trend
 Sales 1 168  827  1 066  29% 
 Operating result before non-recurring items (REBIT) 68  2  95  - 
 Non-recurring items -77  -21  -9  -58% 
 Operating result (EBIT) -9  -19  87  - 
 Depreciation 73  54  56  4% 
 Impairment losses 31  12  1  -89% 
 EBITDA 95  47  144  - 
 Segment assets 859  784  904  16% 
 Segment liabilities 204  222  281  27% 
 CE average 663  609  594  -2% 
 Capital expenditures (PP&E) 57  53  62  17% 
 Capital expenditures (intangible) 2  3  3  13% 
 Employees as at 31 December 5 836  5 208  5 763  11% 
         
 Ratios        
 EBITDA margin (%) 8.2  5.7  13.5    
 EBIT margin (%) -0.7 -2.3 8.1   
 ROCE (%) -1.3  -3.1  14.6    

 

North America

in millions of €

Consolidated companies  2008 2009 2010  Trend
 Sales 605 473 638 35%
 Operating result before non-recurring items (REBIT) 24 -5 34 -
 Non-recurring items 1 -3 -2 -36%
 Operating result (EBIT) 25 -8 32 -
 Depreciation 19 20 18 -10%
 Impairment losses - 1 - -
 EBITDA 44 13 50 285%
 Segment assets 328 266 319 20%
 Segment liabilities 45 47 61 31%
 CE average 260 251 239 -5%
 Capital expenditures (PP&E) 15 10 15 46%
 Capital expenditures (intangible) 0 0 0 - 
 Employees as at 31 December 1 828 1 674 1 742 4%
         
 Ratios        
 EBITDA margin (%) 7.2  2.7  7.8   
 EBIT margin (%) 4.2 -1.8 5.0  
 ROCE (%) 9.7 -3.3  13.4   

 

Latin America

in millions of €

Consolidated companies  2008 2009 2010  Trend
 Sales 177 327 311 -5%
 Operating result before non-recurring items (REBIT) 16 28 26 -6%
 Non-recurring items 0 -1 -12 -
 Operating result (EBIT) 16 26 14 -48%
 Depreciation 5 10 12 22%
 Impairment losses 0 - 12 -
 EBITDA 21 36 38 5%
 Segment assets 102 179 189 5%
 Segment liabilities 15 31 34 8%
 CE average 80 117 151 29%
 Capital expenditures (PP&E) 6 9 7 -31%
 Capital expenditures (intangible) - - 1 -
 Employees as at 31 December 995 2 090 2 268 9%
         
 Ratios (consolidated)        
 EBITDA margin (%) 11.8 11.1 12.3   
 EBIT margin (%) 8.8 8.0 4.4  
 ROCE (%) 19.3 22.4  9.0   
         
 Joint ventures and associates        
 Sales  1 349 909 1 217 34%
 Group's share in the net result 56 37 36 -4%
 Capital expenditures (PP&E) 43 31 41 31%
 Employees as at 31 December 5 500 4 480 5 211 16%
 Equity share 192 209 233 12%
         
 Total        
 Combined sales  1 526 1 237 1 528 24%
 Capital expenditures (PP&E) 49  40 47 16%
 Employees as at 31 December 6 495 6 570 7 479 14%

 

Asia Pacific

in millions of €

Consolidated companies  2008 2009 2010  Trend
 Sales 713 809 1 248 54% 
 Operating result before non-recurring items (REBIT) 249 288 471 64% 
 Non-recurring items -5 -0 -4 - 
 Operating result (EBIT) 244 288 467 62%
 Depreciation 70 62 90 46% 
 Impairment losses 5 - 4 - 
 EBITDA 319 349  560 60% 
 Segment assets 963 989 1 521 54% 
 Segment liabilities 136 144 268 87% 
 CE average 706 836 1 049 25% 
 Capital expenditures (PP&E) 163 81 152 87% 
 Capital expenditures (intangible) 8 3 10 -
 Employees as at 31 December 6 716 7 456 10 224 37% 
         
 Ratios        
 EBITDA margin (%) 44.7 43.2 44.9   
 EBIT margin (%) 34.2 35.6 37.4  
 ROCE (%) 34.6 34.4 44.5   

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better together

better together skiers

Situation

Skiers count on safety when they go up the mountain

Solution

In close cooperation Bekaert developed superior quality wires that meet the technical customer requirements of ropeway constructors

Result

The customer handles the production of the cables, but also on-site weaving (or splicing) and installation. The cables have a life expectancy up to 40 years

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