Please find attached a press release concerning the annual results 2010 of Bekaert.
Summary:
Bekaert's strategy, with its focus on innovation, operational excellence and growth markets proved successful in 2010. Bekaert was able to respond fast to the opportunities that arose wherever a recovery from the global economic crisis set in or where markets grew substantially. The company brought into effect several capacity increase investments, thereby meeting the strong demand for high-end products in sectors with vigorous growth throughout 2010.
- Consolidated sales of € 3.3 billion and combined sales of € 4.5 billion (both 34% up versus 2009)
- EBIT of € 534 million compared with € 232 million or a margin on sales of 16.4% compared with 9.5%
- EBITDA of € 725 million compared with € 386 million or a margin on sales of 22.2% versus 15.8%
- EPS: € 6.21 compared with € 2.56