Bekaert: Third quarter trading update 2012
Summary & download
Please find attached a press release concerning the 3d quarter trading update 2012 of Bekaert.
Bekaert reports stable sales volumes in very challenging markets but is cautious on the outlook
Bekaert achieved consolidated sales of € 2 647 million and combined sales of € 3 361 million in the first nine months of 2012.
Consolidated sales increased by 2.0% and reflected stable sales volumes compared with the same period last year. The net effect of acquisitions and divestments (+8.0%) and the impact of currency movements (+5.4%) were largely neutralized by an organic sales decline (-11.4%) brought on by a weaker product mix due to the solar business collapse, steel-based raw material price decreases and persistent price pressure in highly competitive markets.
At the combinedlevel, sales were down 5.3% in comparison with the first nine months of 2011. The organic sales decline (-7.5%) and the net effect of acquisitions and divestments (-1.7%) were partly tempered by favorable exchange rate movements (+4.0%).