Half year results

 

Weefsel Bekaert has always chosen to respond to international standards. The consolidated financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS) which have been adopted by the European Union.

Annual Report 2013       Online version  -or- Full pdf version (7 MB)
Bekaert Shareholders' report 2013                 Full version   

 Long term performance

 


2013   2012 2011
2007 -
2011
1990 –
2006
Growth
 -7.9%  3.6% +2.4%
11.3%
2.2%
ROIC > WACC
4.8<8.0   -0.5<8.4 9.3 > 6.3
13.1 > 8.0
6.9 < 9.1
EBITDA on sales
 9.3%  7.9% 14.9%
16.4%
12.0%
REBIT  5.2%   3.4% 8.4%  11.2%  4.9% 
EBIT
 4.3%  -1.4% 8.7%
10.1%
4.9%
Working capital on sales
 26.5%  27.9% 28.0%
23.2%
19.4%
Dividend pay out
 202%  N.R. 36%
34%
50%
Tax
 89%  N.R. 27%
21%
21%
Debt
 574  700 856 
570  
313 
   Equity / total assets
 45%  44% 42%
46%
48%
   Gearing (net debt  / Eq)
 38%  44% 49%
40%
36%
   Net debt / EBITDA
 1.9  2.6 1.7
1.3
1.7

 

Income statement

in millions of € 2012  2013  Trend
Sales 3 461  3 186  -7.9%
Operating result before non-recurring items (REBIT)  117  166  41.6%
Operating result (EBIT)* -50  137     
Non-recurring items* -167  -29   
Financials* -83  -84   
Income taxes -68  -48   
Group share joint ventures 10  30  191.3%
Result for the period -191  36   
   attributable to the Group -197  25   
   attributable to non-controlling interests 11  80.4%
EBITDA* 274  297  8.4%
Depreciation PP&E 195  162  -16.9%
Amortization and impairment  129  -2 

Balance sheet

<><><><><><> 
in millions of € 2012*  2013  Trend
Equity  1 604  1 504  -6.3%
Non-current assets 1 747  1 609  -7.9%
Capital expenditure (PP&E) 123  95  -23.1%
Balance sheet total 3 668  3 380  -7.8%
Net debt 700  574  -18.0%
Capital employed  2 375  2 119  -10.8%
Working capital  898  793  -11.7%
Employees as at 31 December** 22 549  21 790  -3.4%

Ratio's

2012  2013 
EBITDA on sales 7.9%  9.3% 
REBIT on sales 3.4%  5.2% 
EBIT on sales -1.4% 4.3% 
EBIT interest coverage -0.7  2.4 
ROCE 2.0%  6.1% 
ROE  -11.2  2.3% 
Capital ratio 43.7  44.5%
Gearing (Net debt on equity) 43.7  38.2%
Net debt on EBITDA 2.6   1.9

Per share (in €)***

2012  2013 
Earnings per share (EPS) -3.3  -3.3 
Dividend per share (DPS) 0.85 0.85 

 * Including limited effects of IAS19 restatement  
 
 ** FTE: full time equivalent
 *** All indicators per share before 2010 are stock split-adjusted to enable comparision 

 For more historical details see: Presentations and downloads

Contact info

Jérôme Lebecque
Head of Investor Relations

President Kennedypark 18
B-8500 Kortrijk (Belgium)
Telephone: +32 56 23 05 11

BTW BE 0405.388.536
RPR Kortrijk

Contact Us

better together

  • transmission-cable

    Situation

    Alcan and Bekaert joined forces to install 210 miles of transmission cable

    Solution

    Bekaert seamlessly adjusted the lengths of the reels to help Alcan’s trucks drive through mountainous terrain

    Result

    Alcan could meet their customer’s delivery requirements

  • Algeciras-port

    Situation

    Optimal reinforcement required for the concrete pavement of the Algeciras port terminal in Spain.

    Solution

    Concrete strengthened with Dramix steel fibers, offering high fatigue resistance and load bearing capacity.

    Result

    The solution largely exceeds the Spanish standard for the design and construction of port pavement set at a durability of at least 25 years.

  • ski

    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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