Bekaert: raises 2021 and MT targets

(CercleFinance.com) - Steel wire transformation and coatings group Bekaert has said that it is raising its outlook for FY 2021 and its medium-term forecasts at its CMD.


For this current year, the Belgian industrial group now targets sales of 4.4 billion euros, an underlying EBIT margin that is up 80 basis points and net debt leverage of less than one.

Over the medium term (2022-26), Bekaert expects to achieve average annual organic sales growth of at least 3%, with an underlying EBIT margin of 8% to 10% over the cycle.


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