Bekaert: First quarter trading update 2021
12 Maggio 2021 - 7:30AM
Bekaert: First quarter trading update 2021
Bekaert makes a very strong start to 2021All-time high quarterly
sales – substantial volume growth
Highlights
- Record-high quarter revenue: consolidated sales of
€ 1 128 million (+19%) and combined sales of
€ 1 339 million (+23%)
- Global demand rebound and strong momentum in Latin American and
Indian markets
- Working capital on sales further down to 13%, despite the
impact from wire rod price increases
- More than € 1 billion cash on hand with € 60 million
incremental liquidity over year-end 2020
- Strong balance sheet: debt deleveraging continued in the first
quarter
Our business focus and priorities
- Continued focus on protecting the health and safety of our
employees and their families through the Covid-19 pandemic
- Secured raw material supplies to ensure delivery continuity to
customers worldwide
- Further accelerated profit restoration and improvements across
all business units and at Group level
- Product and business mix improvements, in line with our
strategy to upgrade the business portfolio
- Pricing discipline aligned with raw materials price
evolutions
- Continued effective control on cost and working capital
- p210512E - Trading update Q1 2021
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