Bekaert reports solid Q3 sales

ERJ staff report (DS)

Kortrijk, Belgium -- Bekaert's sales for the first nine months of 2010 matched the group's total sales of 2009. In the first nine months of 2010 Bekaert achieved consolidated sales of € 2 401 million and combined sales of € 3 307 million, an increase of 32.0 percent and 33.8 percent respectively.

After a strong third quarter, Bekaert expects fourth quarter consolidated sales in line with the average quarterly sales of the first half of 2010. Traditional seasonal effects such as year-end destocking by customers and holiday periods, as well as negative currency effects and measures toward controlled growth in China are indicators for more tempered sales growth in the months ahead.

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Press release from Bekaert