Update on the Share Buyback Program and the Liquidity Agreement Period from 16 March 2023 to 22 March 2023 Share Buyback ProgramOn 1 March 2023, Bekaert announced the continuation of its program to buy back own shares for an additional amount of up to € 120 million (the "Program") and the immediate start of a fifth tranche of the Program for an aggregate amount of up to € 30 million. All shares bought as part of the Program will be cancelled. The purpose of the Program is to reduce the issued sh
Bekaert continues its Share Buyback Program Following the release of Bekaert’s 2022 annual results, and the announcement that its Board has approved the continuation of its share buyback program for a total amount of up to € 120 million over a period of up to 12 months (the “Program”), Bekaert today announces the immediate start of a fifth tranche of the Program for an aggregate amount of up to € 30 million (the “Fifth Tranche”). This Fifth Tranche will end on or before 3 May 2023. The approval
2022 Full Year Results Bekaert delivers strong sales growth and robust financial results in challenging market conditionsSales up +17% • EBITu of € 459 million (margin 8.1%) • Net debt/EBITDAu of 0.7x • Proposed dividend of € 1.65 per share and continued share buyback Bekaert achieved strong sales growth responding quickly to the challenges of high raw material and energy cost inflation with product price rises. These swift actions, along with further operational efficiencies, helped to protect