Bekaert: Annual Results 2009

Date: 1 March 2010
Source: Bekaert

Date: 1 March 2010

Bekaert's solid strategy proves also effective in a difficult economic environmentBekaert accelerated the efforts to enhance its global operational excellence and innovation strategy, close to its customers.

Continued growth in emerging markets and fast growing industries contributed to sustained profitability in 2009.



Notwithstanding a difficult economic environment, Bekaert succeeded in raising EBIT and EBITDA margins to record levels.



Fast and effective implementation of inventory restriction and cost saving measures led to a substantial reduction of working capital and net debt, so that Bekaert's strong balance sheet was even further improved.



Highlights
- EBITDA margin on sales of 15.8% compared with 15.5%
- EBIT of € 232 million compared with € 210 million (+10%)
- EBIT margin on sales of 9.5% compared with 7.9%
- Net debt reduction of 37% to € 395 million
- Gearing of 28.8%
- EPS: € 7.69 compared with € 8.83
- Consolidated sales of € 2.44 billion and combined sales of € 3.34 billion
- Dividend increase of 5% to € 2.94 compared with € 2.80
 
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600450 Bekaert: Annual Results 2009 glassonweb.com

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