Date: 17 November 2009
Bekaert expects to maintain high sales volumes in the fourth quarter of this year, driven by solid market demand in emerging markets.
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Raw material prices seem to have bottomed out:
After a long period of steep decline, raw material prices have stabilized at 40% below the 2008 third quarter level. Obviously, the substantially lower raw material prices year-on-year do have a corresponding impact on Bekaert's sales throughout the second half of the year.
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Stronger euro reduces favorable currency movements:
The positive effect of currency movements was neutralized in the third quarter due to the stronger euro. This currency trend is expected to produce a negative impact on sales during the fourth quarter of 2009.
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