16 Nov 2009
ERJ staff report (DS)
Kortrijk, Belgium -- Bekaert NV has reported third quarter consolidated sales of €1819 million and combined sales of €2472 million, a decrease of 11.2% and 20.8% respectively on he figures from a year ago, but improvements over the previous quarter.
Bekaert's consolidated sales were 11.2% down in comparison with the first nine months of an exceptional 2008, with strong differences between regions. Weak market demand in EMEA and North America drove an organic sales decline of 21.7%. This was partly offset by strong demand in Asia Pacific, and by the integration of Prodac (Peru) and Ideal Alambrec (Ecuador) in Latin America which added 5.7%. The positive impact of currency movements contributed 4.9%.
The company no longer gives information on its steelcord business in its interim results statements.
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Press release from Bekaert
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