Bekaert: Third quarter trading update 2014
Please find attached a press release concerning the 3rd quarter trading update 2014 of Bekaert.
Bekaert reports strong 3rd quarter sales
Bekaert posted consolidated quarterly revenues of € 814 million in the three-month period from July to September 2014, compared to € 773 million in the same period last year. Solid volumes and a favorable product mix drove the quarter's sales growth rate above 5% year-on-year. Sales rose in all segments with the largest increases in North America and Latin America.
The solid quarter performance drove a year-to-date organic sales growth of 4%, all of which was offset by the translation effect of significant adverse currency movements in the first half of 2014.