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 Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Dec 2020)27,455(-3%)
Job Openings171
Revenue (FY, 2020)€3.8 B(-12%)
Share Price (Oct 2021)€38(+3%)
Cybersecurity ratingBMore
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Key People/Management at Bekaert

Jürgen Tinggren

Jürgen Tinggren

Chairman
Taoufiq Boussaid

Taoufiq Boussaid

Chief Financial Officer
Kerstin Artenberg

Kerstin Artenberg

Chief Human Resources Officer
Juan Carlos Alonso

Juan Carlos Alonso

Chief Strategy Officer
Arnaud Lesschaeve

Arnaud Lesschaeve

Divisional CEO Rubber Reinforcement
Curd Vandekerckhove

Curd Vandekerckhove

Divisional CEO of BBRG
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Bekaert Office Locations

Bekaert has offices in Zwevegem, Deerlijk, Harelbeke, Ingelmunster and in 76 other locations
Zwevegem, BE (HQ)
Bekaertstraat 2
Deerlijk, BE
Deerlijk, 8540
Harelbeke, BE
Blokkestraat 101
Ingelmunster, BE
Ingelmunster, 8770
Schaarbeek, BE
Auguste Reyerslaan 80
Wetteren, BE
Neerhonderd 16
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Bekaert Financials and Metrics

Bekaert Revenue

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Bekaert's revenue was reported to be €3.77 b in FY, 2020 which is a 12.7% decrease from the previous period.
EUR

Revenue (FY, 2020)

3.8b

Revenue growth (FY, 2019 - FY, 2020), %

(12.7%)

Gross profit (FY, 2020)

558.3m

Gross profit margin (FY, 2020), %

14.8%

Net income (FY, 2020)

113.7m

EBIT (FY, 2020)

256.5m

Market capitalization (15-Oct-2021)

2.2b

Closing stock price (15-Oct-2021)

38.0

Cash (31-Dec-2020)

940.4m

EV

2.8b
Bekaert's current market capitalization is €2.2 b.
Annual
EURFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

4.1b4.3b4.3b3.8b

Revenue growth, %

5%0%(13%)

Cost of goods sold

3.4b3.8b3.8b3.2b

Gross profit

701.8m526.6m527.1m558.3m
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, 2019FY, 2020

Cash

418.8m398.3m566.2m940.4m

Accounts Receivable

836.8m772.7m644.9m587.6m

Inventories

779.6m931.8m783.0m683.5m

Current Assets

2.3b2.4b2.3b2.5b
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, 2019FY, 2020

Inventories

779.6m931.8m783.0m683.5m

Accounts Payable

(665.2m)(778.4m)(652.4m)(668.4m)

Cash From Operating Activities

244.1m244.1m524.3m504.9m

Purchases of PP&E

(272.7m)(181.3m)(94.5m)(104.5m)
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
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Bekaert Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Research Partners

2224

Cyclic Corrosion Tests

7001 k

Fatigue Tests

54 k54 k

Patents and Patent Applications

1.65 k1.7 k1.8 k1.8 k
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Bekaert Acquisitions / Subsidiaries

Company NameDateDeal Size
Beksa Steel Cord ManufacturingFebruary 21, 2008€40.3 m
UralkordDecember 18, 2006
Cold Drawn ProductsJuly 28, 2006€17.4 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 Revenue Breakdown

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Bekaert revenue breakdown by business segment: 10.4% from Specialty Businesses, 35.5% from Steel Wire Solutions, 42.9% from Rubber Reinforcement and 11.3% from Bridon-Bekaert Ropes Group

Bekaert revenue breakdown by geographic segment: 38.1% from Other Countries, 9.2% from Chile, 22.3% from China, 14.7% from USA, 7.2% from Belgium and 8.5% from Slovakia

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Bekaert Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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Bekaert Online and Social Media Presence

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Bekaert Company Culture

  • Overall Culture

    C

    65/100

  • CEO Rating

    D

    60/100

  • Compensation

    C

    62/100

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Bekaert News and Updates

Bekaert - Purchase and sale of shares in the context of the liquidity agreement

Purchase and sale of shares in the context of the liquidity agreement Period from 16 September 2021 to 22 September 2021

Bekaert to implement a liquidity contract

Bekaert announces that it has entered today into a liquidity agreement with Kepler Cheuvreux relating to its ordinary shares admitted to trading on Euronext Brussels (ISIN Code BE0974258874). This agreement provides for the purchase and sale by Kepler Cheuvreux of Bekaert shares on the regulated mar…

Disposal of own shares by Bekaert

NV Bekaert SA ("Bekaert") disposed of 40 964 own shares outside the stock exchange. As a result, the total number of treasury shares held by Bekaert decreased from 3 298 424 to 3 257 460 (of a total of 60 441 991 shares or 5.39 %).

Disposal of own shares by Bekaert

NV Bekaert SA ("Bekaert") disposed of 6 400 own shares outside the stock exchange. As a result, the total number of treasury shares held by Bekaert decreased from 3 304 824 to 3 298 424 of a total of 60 441 991 shares or 5.46 %).

Disposal of own shares by Bekaert

NV Bekaert SA ("Bekaert") disposed of 47 550 own shares outside the stock exchange. As a result, the total number of treasury shares held by Bekaert decreased from 3 352 374 to 3 304 824 (out of a total of 60 441 991 shares or 5.47 %).

Started the works for a new bead wire line

Great news from Russia where Bekaert Lipetsk has started the works for a new bead wire line!
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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 Jürgen Tinggren, Taoufiq Boussaid and Kerstin Artenberg.

  • How many employees does Bekaert have?

    Bekaert has 27,455 employees.

  • What is Bekaert revenue?

    Latest Bekaert annual revenue is €3.8 b.

  • What is Bekaert revenue per employee?

    Latest Bekaert revenue per employee is €137.4 k.

  • Who are Bekaert competitors?

    Competitors of Bekaert include Fujikura, NKT and Prysmian Group.

  • Where is Bekaert headquarters?

    Bekaert headquarters is located at Bekaertstraat 2, Zwevegem.

  • Where are Bekaert offices?

    Bekaert has offices in Zwevegem, Deerlijk, Harelbeke, Ingelmunster and in 76 other locations.

  • How many offices does Bekaert have?

    Bekaert has 82 offices.