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 2014                 Full version   

 Long term performance

 


2014 

2013   2012
2007 -
2012
1990 –
2006
Growth
0.9%   -7.9%  3.6%
9.7%
2.2%
ROIC > WACC
5.4<8.0  4.8<8.0   -0.5<8.4
10.8 > 8.1
6.9 < 9.1
EBITDA on sales
10.6%   9.3%  7.9%
15.0%
12.0%
REBIT  5.1%  5.2%   3.4% 9.9%  4.9% 
EBIT
 5.3%  4.3%  -1.4%
8.2%
4.9%
Working capital on sales
 26.7%  26.5%  27.9%
24.0%
19.4%
Dividend pay out
 54.4%  202%  N.R.
24%
50%
Tax
 40.5%  89%  N.R.
26%
21%
Debt
 853  574  700
591 
313 
   Equity / total assets
 40%  45%  44%
46%
48%
   Gearing (net debt  / Eq)
 54%  38%  44%
41%
36%
   Net debt / EBITDA

2.5

 1.9  2.6
1.5
1.7
   Net debt / REBITDA  2.6  1.8 2.1    

 

Income statement

in millions of € 2013  2014  Trend
Sales 3 186  3 216  0.9%
Operating result before non-recurring items (REBIT)  166  164  -0.9%
Operating result (EBIT)* 137  171  24.8%
Non-recurring items* -29  -
Financials* -84  -67  -
Income taxes -48  -42  -
Group share joint ventures 30  25  -16.2%
Result for the period 36  88   142.7%
   attributable to the Group 25  87  254.8%
   attributable to non-controlling interests 11  -96.7%
EBITDA 297  342  15.1%
Depreciation PP&E 162  153  -5.6%
Amortization and impairment  -2  29  -
Negative goodwill  -11  -

Balance sheet

in millions of € 2013  2014  Trend
Equity  1 504  1 566  4.1%
Non-current assets 1 609  1 851  15.1%
Capital expenditure (PP&E)                   95  133  40.3%
Balance sheet total 3 380  3 958  17.1%
Net debt 574  853  48.6%
Capital employed  2 119  2 524  19.1%
Working capital  793  975  22.9%
Employees as at 31 December** 21 790  24 127  10.7%

Ratio's

2013  2014 
EBITDA on sales 9.3%  10.6% 
REBIT on sales 5.2%  5.1% 
EBIT on sales 4.3%  5.3% 
EBIT interest coverage 2.4  3.0 
ROCE 6.1%  7.7% 
ROE  2.3%  5.7% 
Capital ratio 44.5% 39.6% 
Gearing (Net debt on equity) 38.2% 54.5% 
Net debt on EBITDA  1.9 2.5 

Per share (in €)***

2013  2014 
Earnings per share (EPS) 0.4  1.5 
Dividend per share (DPS) 0.85  0.85 


 * Including limited effects of IAS19 restatement  
 
 ** FTE: full time equivalent

 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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