Latest news with #Bekaert
Yahoo
23-05-2025
- Business
- Yahoo
Bekaert - Update on the Share Buyback Program and Liquidity Agreement
Update on the Share Buyback Program and the Liquidity Agreement Period from 15 May 2025 to 21 May 2025 Share Buyback ProgramOn 28 February 2025, Bekaert announced the start of the next tranche of its share buyback program, for a total maximum consideration of up to € 25 million. As announced previously, the purpose of the Program is to cancel all shares repurchased. Bekaert announces today that during the period from 15 May 2025 to 21 May 2025, Kepler Cheuvreux SA on behalf of Bekaert has bought 59 000 shares. The table below provides an overview of the transactions under the Program during the period from 15 May 2025 to 21 May 2025: Repurchase of shares Date Market Number of Shares Average Price paid (€) Highest Price paid (€) Lowest Price paid (€) Total Amount (€) 15 May 2025 Euronext Brussels — MTF CBOE — MTF Turquoise — MTF Aquis — 16 May 2025 Euronext Brussels 7 500 33.91 34.10 33.70 254 325 MTF CBOE 5 500 33.91 34.10 33.75 186 505 MTF Turquoise 1 000 33.92 34.10 33.80 33 920 MTF Aquis 1 000 33.93 34.10 33.75 33 930 19 May 2025 Euronext Brussels 7 500 34.17 34.40 33.85 256 275 MTF CBOE 5 000 34.16 34.35 33.85 170 800 MTF Turquoise 1 200 34.20 34.30 34.10 41 040 MTF Aquis 1 300 34.14 34.30 33.85 44 382 20 May 2025 Euronext Brussels 7 500 34.27 34.60 33.70 257 025 MTF CBOE 5 000 34.24 34.60 33.80 171 200 MTF Turquoise 1 200 34.25 34.55 33.80 41 100 MTF Aquis 1 300 34.22 34.55 33.80 44 486 21 May 2025 Euronext Brussels 8 000 34.54 34.95 34.00 276 320 MTF CBOE 5 500 34.55 34.95 34.00 190 025 MTF Turquoise — — — MTF Aquis 500 34.72 34.90 34.60 17 360 Total 59 000 34.22 34.95 33.70 2 018 693 Liquidity agreementIn relation to the renewed liquidity agreement with Kepler Cheuvreux announced on 25 June 2024, Bekaert announces today that Kepler Cheuvreux on behalf of Bekaert has bought 5 700 shares during the period from 15 May 2025 to 21 May 2025 on Euronext Brussels. During the same period, Kepler Cheuvreux on behalf of Bekaert has sold 2 930 shares on Euronext Brussels. The tables below provide an overview of the transactions under the liquidity agreement during the period from 15 May 2025 to 21 May 2025: Purchase of shares Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€) 15 May 2025 2 000 35.00 35.40 34.80 70 000 16 May 2025 1 700 33.91 34.00 33.70 57 647 19 May 2025 1 000 34.02 34.20 33.80 34 020 20 May 2025 800 34.03 34.20 33.80 27 224 21 May 2025 200 34.00 34.00 34.00 6 800 Total 5 700 195 691 Sale of shares Date Number of Shares Average Price (€) Highest Price (€) Lowest Price (€) Total Amount (€) 15 May 2025 0 0.00 0.00 0.00 0 16 May 2025 0 0.00 0.00 0.00 0 19 May 2025 1 300 34.20 34.40 34.00 44 460 20 May 2025 1 000 34.54 34.60 34.40 34 540 21 May 2025 630 34.65 35.00 34.50 21 830 Total 2 930 100 830 The balance held by Bekaert under the liquidity agreement at the end of the period is 35 837 shares. On 21 May 2025 after closing of the market, Bekaert holds 3 298 104 own shares, or 6.08% of the total number of the outstanding shares. This information is also made available on the investor relations pages of our website. Attachment p250523E - Bekaert - Update on the Share Buyback Program and the Liquidity Agreement
Yahoo
14-05-2025
- Business
- Yahoo
Bekaert - Update on the Share Buyback Program
Bekaert announces the next tranche of its Share Buyback Program Bekaert announces today that it will start the next tranche of its buyback program on 16 May 2025, for a total consideration of up to € 25 million. It is intended that, subject to market conditions, this tranche will be completed prior to the release of the H1 trading update, scheduled for 31 July 2025. During this period, Bekaert will regularly publish press releases with updates on the progress made, as required by law. This information will also be available on the investor relations pages of our website. As announced previously, all shares bought as part of the Program will be cancelled. Attachment p250514E - Bekaert announces the next tranche of its Share Buyback Program
Yahoo
14-05-2025
- Business
- Yahoo
Bekaert - Trading update for the first three months of 2025
Trading update for the first three months of 2025 Navigating challenging markets successfully Financial highlights Q1 2025 consolidated sales of € 991 million (-3% vs Q1 2024) driven by: Like for like volumes were down -1% (€ -12 million) Price-mix reduced sales by -1% (€ -11 million) Pricing impact from the pass-through of lower input costs was -2% (€ -23 million) Portfolio change <+1% (€ +4 million) Currency impact +1% (€ +9 million) Sales from joint ventures (non-consolidated) of € 214 million (-2% vs Q1 2024) Central overhead and operating cost savings partially offsetting margin pressures from the challenging market environment Lower capital expenditure requirements for 2025, growth platforms well positioned Intensive working capital focus to maintain robust cash flows Balance sheet remains strong with low financial leverage Dividend of € 1.90 per share proposed at AGM Ongoing two-year € 200 million share buyback program with around € 50 million purchased to date Operational and strategic highlights Rubber Reinforcement - strong performance in China offsetting volume decreases in Europe and North America; continued overcapacity and uncertainty over tariffs Steel Wire Solutions - solid sales performance both on volumes and mix BBRG - production output reliability maintained for Steel Ropes in UK and North America; tariff uncertainty delaying customer orders in Ropes and lower hoisting demand in China Specialty Businesses - Sustainable Construction experiencing project delays in flooring in North America, while adoption accelerates in growth markets; as expected, lower contribution from Ultra Fine Wires Steel Wire Solutions disposal in Costa Rica, Ecuador and Venezuela on track Tariff impacts The introduction of tariffs, the threat of further tariffs and escalating trade tensions are creating significant uncertainty for Bekaert, its suppliers and customers. Bekaert is a global business which benefits from a relatively high proportion of local sourcing and local production, and a business model where it is typical to pass on additional costs such as raw material or energy costs to its customers. The group is successfully negotiating increased pricing with its customers to include the additional tariffs. The financial impact of the tariffs to date has been minimal. In several business segments, most notably construction, customers are delaying orders or investment decisions awaiting clarity on the tariff situation. Beyond the simple application of tariffs to products and raw materials, there are larger, long-term questions as to how these tariffs will affect end market demand, change trade flows between regions, encourage substitution of alternative products and materials, and ultimately impact economies around the world. How these longer-term effects will impact is very uncertain at this stage and could be material. Outlook As outlined previously, the difficult market conditions of the second half of 2024 continued into Q1 2025 and in response Bekaert took actions to protect margins and cash flows. This weak business environment is expected to persist with the ongoing uncertainty around tariffs, global trade and macro-economic outlook. To date, Bekaert has been able to mitigate the impact of tariffs through local sourcing and production and with the direct pass through of tariff effects on raw materials and finished goods. Therefore, at the currently anticipated tariff levels and excluding any impacts from additional tariffs, the indirect and longer term impacts of tariffs or further economic deterioration, the group expects stable sales and EBITu margins for the full year 2025 compared with 2024, with a more equally weighted first and second half split. Conference call for analysts and investors Yves Kerstens, CEO, and Seppo Parvi, CFO, will present Bekaert's Q1 2025 trading update to analysts and investors at 09:00 a.m. CET on Wednesday 14 May. This presentation can be accessed live upon registration (registration link) and will be available on Bekaert's website after the event. Attachment p250514E - Trading update Q1 2025
New Indian Express
10-05-2025
- Automotive
- New Indian Express
Bansal Wire becomes first local firm to roll out tyre cords
Dadri, Ghaziabad-based Bansal Wire Industries, the largest stainless steel wire manufacturer in the country, has entered the tyre cords segment. With this, Bansal has become the first domestic firm to enter this high-end wire segment, which was so far served only by the Belgian firm Bekaert with its Pune plants since 1998. Bansal, which went public last July with a Rs 750-crore public issue, is the second largest wire-maker in the country with 6% market share after Tata Wires which controls 7% of the industry. Bansal's tyre cords entry will considerably reduce the domestic tyremakers' heavy dependence on imports for this critical safety element in tyres, Bansal Wire chief executive Pranav Bansal told TNIE. Bansal has also opened a new plant in Dadri, thus more than doubling wire capacity to 6 lakh tonne per annum. It serves over 5,000 customers from a range of sectors such as automotives, general engineering, infrastructure, hardware, consumer durables, power generation & transmission, agriculture and auto replacement, offering over 3,000 stock keeping units in 0.04 mm-15.65 mm sizes.
Time of India
25-04-2025
- Automotive
- Time of India
GreenLine flags off LNG truck fleet for Bekaert to drive sustainable logistics
Essar venture GreenLine Mobility Solutions on Thursday said it has joined hands with tire reinforcement technology company Bekaert to decarbonise road logistics . The partnership was flagged off with the deployment of GreenLine's LNG-powered trucks at Bekaert's Ranjangaon plant in Maharashtra, marking the beginning of a pilot phase, the company said in a statement. The pilot phase aims to significantly reduce the carbon footprint of Bekaert's logistics operations. The partnership will support India's vision of a gas-based economy, the statement said. Each GreenLine LNG truck is expected to reduce up to 24 tonnes of CO2 emissions annually, contributing to Bekaert's ambition of becoming carbon net-zero by 2050 and achieving 65 per cent of sales from sustainable solutions. "At GreenLine, we are proud to integrated ecosystem - from LNG refuelling to real-time telematics - that empowers our partners to make meaningful progress on their net-zero goals," Anand Mimani, CEO of GreenLine Mobility Solutions, said. Dinesh Mukhedkar, Procurement Operations Lead - South Asia and Procurement Global Shared Service Centre Lead, Bekaert, said, "As part of our purpose 'Establishing the new possible', and our ambition to lead in safe, smart, and sustainable solutions, decarbonising logistics is an essential step. This directly supports our commitment to ESG principles and long-term sustainability goals." GreenLine's expanding fleet of LNG-powered trucks has already clocked more than 40 million kilometres, avoiding over 10,000 tonnes of CO2 emissions. The company's ongoing expansion includes plans to deploy over 10,000 LNG and EV trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging hubs, and battery swapping facilities, targeting a reduction of 1 million tonnes of carbon emissions annually. GreenLine Mobility Solutions is India's largest operator of LNG and electric-powered heavy commercial trucks. It operates LNG-powered trucks for long-haul transportation and electric vehicles (EVs) for short-haul operations. Founded in 1880, Belgium-headquartered Bekaert (Euronext Brussels, BEKB) is a global leader in tire reinforcement technology whose 21,000 employees worldwide together generated 4 billion euros in consolidated sales in 2024.
