Bekaert SA (GB:0OQJ) has released an update.
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Bekaert SA reports improved profit margins and solid cash flow in the first half of 2024, maintaining its earnings expectations for the year despite some operational challenges and growth delays. The company achieved an underlying EBIT margin of 9.9% and a robust free cash flow of €43 million, with a net debt to underlying EBITDA ratio of 0.7x. Bekaert’s strategic acquisitions and efficiency gains have contributed to its financial resilience and the firm remains confident in its long-term goals.
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