Bekaert: 2025 Half Year Results

Focus on managing volumes, cash flow and costs Bekaert delivered a resilient financial performance in H1 2025. Profit margins were robust and cash flows were strong (EBITu 1margin at 8.8%; Free Cash Flow 1of € 123 million), as the business continues to benefit from the successful execution of Bekaert’s long-term strategy of portfolio rationalization, pricing discipline, improving the mix of higher margin products, and driving further cost efficiencies. Yves Kerstens, CEO of Bekaert,...

Zwevegem, 31/07/2025 (informazione.news - comunicati stampa - industria)

Bekaert delivered a resilient financial performance in H1 2025. Profit margins were robust and cash flows were strong (EBITu margin at 8.8%; Free Cash Flow of € 123 million), as the business continues to benefit from the successful execution of Bekaert’s long-term strategy of portfolio rationalization, pricing discipline, improving the mix of higher margin products, and driving further cost efficiencies.

Yves Kerstens, CEO of Bekaert, commented: “We have continued to focus on what we can control best – cash flow and costs - and have significantly reduced overheads and working capital in H1 2025. Equally, I am very pleased with the hard work of our teams fighting for volumes in the current challenging markets. We are also taking further steps to make our business units more autonomous and agile. Therefore, I am very confident that we will come out of the current business environment stronger and more cost competitive than ever before.”

Financial highlights

Operational and strategic highlights

Outlook

The introduction of tariffs and escalating trade tensions have created increasing uncertainty for Bekaert, its suppliers and customers. Since the first quarter results, there has been a further increase in the US steel tariffs, from 25% to 50%, which has been increasingly more difficult to pass on through the value chain and has triggered delays in some orders. There has also been a significant deterioration of the US dollar and Chinese renminbi which have had an impact on euro-denominated consolidated sales and profits.

Consequently, following a period of resilience in Q2, the tariff uncertainty and weakening economic outlook has started to have an impact on demand. The Group is now anticipating a weakening in demand across many of its end markets in H2 2025.

At these lower volume levels, and with higher tariffs and current foreign exchange rates, the group expects slightly reduced sales for FY 2025 versus FY 2024 (on a like-for-like basis excluding the impacts of disposals, acquisitions, plant closures and foreign exchange) and underlying EBIT margin in FY 2025 of 8.0-8.5%. Cash flows remain robust thanks to the focus on working capital management and reduction in capital expenditure.

Conference call for analysts and investors

Yves Kerstens, CEO of Bekaert and Seppo Parvi, CFO, will present the H1 2025 results to analysts and investors at 11:00 a.m. CET on Thursday 31st July. This presentation can be accessed live upon registration ( registration link ) and will be available on Bekaert’s website after the event.

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