07/19/2021 | Press release | Distributed by Public on 07/18/2021 23:34
19 Jul 2021 07:30 CEST
BEKAERT
BE0974258874
Euronext
BEKB
Bekaert set to significantly outperform expectations
Based on preliminary and unaudited financial statements, Bekaert will disclose a strong set of H1 results on 30 July 2021, significantly above the results of previous reporting periods and consensus estimates.
Bekaert's preliminary and unaudited H1 figures indicate:
The margin level for the first half of 2021 has been supported by:
Preliminary outlook for the second half of 2021:
We project good demand in most markets in the second half of the year but take into account the usual seasonality effects and remain cautious about supply chain interruptions and other challenges posed by the Covid-19 pandemic. We project a much lower inventory valuation impact in the second half due to the anticipated stabilization trend in raw material prices. The underlying EBIT of the second half will therefore be lower than the first half of 2021 and is projected to approximate the level of the second half last year.
The full disclosure of the final H1 results and more detailed guidance for the fiscal year 2021 will be published and explained on 30 July 2021.
Attachment
p210719E - Bekaert set to significantly outperform expectations.pdf
Bekaert
Thomson Reuters ONE