Bekaert: Third quarter trading update 2015



13-Nov-2015

Press release

Summary & download

Third quarter trading update 2015

Summary:

Bekaert reports continued strong growth, driven by acquisitions and currency

Bekaert achieved strong sales growth in the first nine months of 2015, compared with the same period last year. The company's consolidated top line increased from € 2 423 million to € 2 795 million, up more than 15%. Acquisitive growth boosted sales by almost 10% and the company's improving price-mix delivered 3% organic sales growth. The favorable effect of currency movements, while declining over the course of the third quarter, accounted for almost +10% year-to-date. Organic sales were down on lower volumes (-2%) due to a weak start to the year and on lower wire rod prices, passed on to our customers (-5% over the first nine months of the year). 

Bekaert's consolidated quarterly revenues in the three-month period from July to September 2015 were 10% higher than in the third quarter of 2014. Acquisitive growth and currency effects accounted for more than 15%. The organic decline (-5%) was the result of positive price-mix and volume effects (+1%) and significantly lower wire rod prices (-6%).

Combined sales totaled € 3 377 million in the first nine months of 2015, up 11% compared with the same period last year. The strong devaluation of the Brazilian real tempered the translation effect of exchange rate movements at the combined level (+5% year-to-date and neutral in the third quarter). The impact of acquisitions accounted for +7% and organic sales were almost 2% down from the same period last year.

 

 en  fr  nl

We use cookies in order to let you fully experience this website. Cookies are small files we put in your browser to mainly track usage or remember your settings of our site but they don’t tell us who you are. Want to know more about how we use these Cookies please read our Cookie policy and Data privacy policy.
Close