NV Bekaert SA
BEKB
ISIN BE0974258874 / Valor 11962877
NV Bekaert SA
UMushroom community rating:
About company
NV Bekaert SA is a global market and technology leader in material science of steel wire transformation and coating technologies, with a focus on creating new solutions for various markets including new mobility, low-carbon construction, and green energy. The company has been executing its strategy effectively, driving improvements in price and mix, maintaining excellent cash conversion, and demonstrating cost discipline. Bekaert has also been repositioning itself into markets with higher growth and margin, as evidenced by the disposal of the Steel Wire Solutions businesses in Chile and Peru. Additionally, the company is making progress in developing new growth platforms to capitalize on opportunities arising from the energy transition and decarbonization trends.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (26.10.2025):
NV Bekaert SA delivered a resilient financial performance in the first half of 2025, maintaining robust profit margins and strong cash flows through strategic portfolio rationalization, pricing discipline, and cost efficiency improvements.
Consolidated Sales
Consolidated sales were €1.9 billion, a decrease of 5.2% compared to H1 2024. The decline was driven by a 2.6% drop in volumes, a 2.2% impact from lower input costs and price-mix, and a 1.1% currency impact, partially offset by a 0.8% increase in sales from acquisitions.
Profit Margins
The underlying gross profit margin stood at 16.6%, down from 18.4% in H1 2024. EBITDAu1 was €259 million with a margin of 13.3%, and EBITu1 was €171 million, resulting in an 8.8% margin. Despite the challenging market conditions, profit margins remained robust.
Cash Flow and Debt Reduction
Free Cash Flow1 increased significantly to €123 million compared to €43 million in H1 2024, driven by proactive working capital management. Net debt decreased to €327 million from €399 million in H1 2024, improving the net debt to EBITDAu2 ratio to 0.67x.
Efficiency Improvements
Bekaert achieved a €21 million reduction in overheads in H1 2025 and continued to reduce working capital by €135 million year-on-year through better inventory management and optimized payment terms. Capital expenditure was also reduced, maintaining strict discipline for H2 2025.
Segment Performance
The non-consolidated Brazilian joint ventures reported sales of €415 million, higher margins, and a net result share of €24 million, up from €20 million in H1 2024. Additionally, the Rubber Reinforcement and Steel Wire Solutions segments showed strong performance despite market headwinds.
Outlook
NV Bekaert SA anticipates a weakening demand across many end markets in H2 2025 due to increased tariffs and a deteriorating economic outlook. The company expects slightly reduced sales for FY 2025 compared to FY 2024 and projects an underlying EBIT margin of 8.0-8.5% for the year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2070 M
Market cap (USD)
28,157
Daily traded volume (Shares)
33.02 / 32.4
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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