OverviewSuggest Edit

Bekaert is a company that provides steel wire transformation and coating technologies. It offers filter and fiber media products; heating cables and cords; various wires, cords, and strands; control cables; springs for locks and brakes; power springs; stainless steel fiber products; reinforcing canvas for trailers; coatings; and off the road tire and rubber track reinforcement products. The company also supplies measuring devices for on-site quality control; steel fibers for concrete reinforcement, industrial floors, and residential applications.

TypePublic
Founded1880
HQZwevegem, BE
Websitebekaert.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)28,411(-3%)
Job Openings27
Revenue (FY, 2019)€4.3 B
Share Price (Sept 2020)€17.1
Cybersecurity ratingBMore

Key People/Management at Bekaert

Bert de Graeve

Bert de Graeve

Chairman
Matthew Taylor

Matthew Taylor

Director
Arnaud Lesschaeve

Arnaud Lesschaeve

Divisional CEO Rubber Reinforcement
Curd Vandekerckhove

Curd Vandekerckhove

Divisional CEO of BBRG
Lieven Larmuseau

Lieven Larmuseau

Executive Vice President Rubber Reinforcement Business Platforms
Jun Liao

Jun Liao

Divisional CEO Specialty Businesses
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Bekaert Office Locations

Bekaert has offices in Zwevegem, Deerlijk, Ingelmunster, Schaarbeek and in 46 other locations
Zwevegem, BE (HQ)
Bekaertstraat 2
Ingelmunster, BE
Meulebekestraat 139
Schaarbeek, BE
Auguste Reyerslaan 80
Wetteren, BE
Neerhonderd 16
Wien, AT
16 Grüngasse
Huizhou, CN
Huicheng District
Show all (68)

Bekaert Financials and Metrics

Bekaert Revenue

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Bekaert's revenue was reported to be €4.32 b in FY, 2019 which is a 0.4% increase from the previous period.
EUR

Revenue (FY, 2019)

4.3b

Revenue growth (FY, 2018 - FY, 2019), %

0.4%

Gross profit (FY, 2019)

527.1m

Gross profit margin (FY, 2019), %

12.2%

Net income (FY, 2019)

48.2m

EBIT (FY, 2019)

155.0m

Market capitalization (25-Sept-2020)

968.9m

Closing stock price (25-Sept-2020)

17.1

Cash (31-Dec-2019)

566.2m

EV

2.0b
Bekaert's current market capitalization is €968.9 m.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

4.1b4.3b4.3b

Revenue growth, %

5%0%

Cost of goods sold

3.4b3.8b3.8b

Gross profit

701.8m526.6m527.1m
Half Year
EURH1, 2017H1, 2018H1, 2019

Revenue

2.1b2.2b2.2b

Cost of goods sold

1.7b1.9b1.9b

Gross profit

378.3m292.4m301.8m

Gross profit Margin, %

18%14%14%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

418.8m398.3m566.2m

Accounts Receivable

836.8m772.7m644.9m

Inventories

779.6m931.8m783.0m

Current Assets

2.3b2.4b2.3b
Half Year
EURH1, 2017H1, 2018H1, 2019

Cash

299.6m284.8m418.9m

Accounts Receivable

811.6m923.1m786.3m

Inventories

783.2m903.9m913.8m

Current Assets

2.2b2.4b2.4b
Annual
EURFY, 2017FY, 2018FY, 2019

Inventories

779.6m931.8m783.0m

Accounts Payable

(665.2m)(778.4m)(652.4m)

Cash From Operating Activities

244.1m244.1m524.3m

Purchases of PP&E

(272.7m)(181.3m)(94.5m)
Half Year
EURH1, 2017H1, 2018H1, 2019

Cash From Operating Activities

6.1m(17.3m)134.2m

Purchases of PP&E

(102.6m)(94.8m)(55.4m)

Cash From Investing Activities

(81.1m)(54.3m)(55.5m)

Short-term Borrowings

77.5m41.1m(881.0k)
EURH1, 2017

EV/EBIT

19.2 x

EV/CFO

615.4 x

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.8 x
Show all financial metrics

Bekaert Operating Metrics

FY, 2017FY, 2018FY, 2019

Research Partners

22 24

Cyclic Corrosion Tests

700 1 k

Fatigue Tests

54 k54 k

Patents and Patent Applications

1.65 k1.70 k1.80 k
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Bekaert Acquisitions / Subsidiaries

Company NameDateDeal Size
Beksa Steel Cord ManufacturingFebruary 21, 2008€40.30 m
UralkordDecember 18, 2006
Cold Drawn ProductsJuly 28, 2006€17.40 m
Aluheat B.V.May 05, 2006
Delta Wire Corp.January 31, 2006$10 m
ECC Card ClothingJune 22, 2005
Southwest Screens & FiltersJune 02, 2005
Innovative Specialty FilmsOctober 01, 2001
Joseph Sykes BrothersSeptember 14, 2001
Acma Inversiones SA
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Bekaert Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Bekaert Revenue Breakdown

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Bekaert revenue breakdown by business segment: 45.4% from Rubber Reinforcement, 33.6% from Steel Wire Solutions, 9.6% from Specialty Businesses and 11.4% from Bridon-Bekaert Ropes Group

Bekaert revenue breakdown by geographic segment: 37.7% from Other Countries, 7.9% from Slovakia, 16.3% from USA, 21.3% from China, 8.9% from Chile and 7.9% from Belgium

Bekaert Online and Social Media Presence

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Bekaert Frequently Asked Questions

  • When was Bekaert founded?

    Bekaert was founded in 1880.

  • Who are Bekaert key executives?

    Bekaert's key executives are Bert de Graeve, Matthew Taylor and Arnaud Lesschaeve.

  • How many employees does Bekaert have?

    Bekaert has 28,411 employees.

  • What is Bekaert revenue?

    Latest Bekaert annual revenue is €4.3 b.

  • What is Bekaert revenue per employee?

    Latest Bekaert revenue per employee is €152.1 k.

  • Who are Bekaert competitors?

    Competitors of Bekaert include National Bulk Handling, Fujikura and NKT.

  • Where is Bekaert headquarters?

    Bekaert headquarters is located at Bekaertstraat 2, Zwevegem.

  • Where are Bekaert offices?

    Bekaert has offices in Zwevegem, Deerlijk, Ingelmunster, Schaarbeek and in 46 other locations.

  • How many offices does Bekaert have?

    Bekaert has 68 offices.