Bekaert: 2019 underlying EBIT up 15%
(CercleFinance.com) - The Belgian group Bekaert has reported net attributable profit of 41 million euros, with underlying EBIT that is up 15% at 242 million euros, meaning a margin of 5.
6% for consolidated sales of 4.3 billion euros (+0.4%).
Bekaert has managed to offset difficult market conditions and has acted on all of its set priorities that are aimed at restoring a healthy balance sheet and improving margin performance, the specialist in steel wire transformation and coatings said.
At its AGM scheduled for 13 May its board of directors will propose an unchanged gross dividend at 0.70 euro per share. Bekaert believes that the measures taken in 2019 will enable it to move further towards its underlying EBIT margin target of 7%.
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