Bekaert Demonstrates Resilient Performance in 2025 with a Free Cash Flow of 314 Million Euros

Steady Performance Amidst Market Challenges

Bekaert recorded a resilient performance in 2025 despite a mixed market environment. Sales volumes remained stable compared to 2024, while forward cost reduction pass-throughs, currency and mix impacts, and the strategic exit from low-margin activities in Latin America reduced overall sales. The EBIT margin reached 8.0%, down from 8.8% the previous year. The company emphasizes that cost savings and tactical use of its facility base largely mitigated the impact of the sales decline on profitability. Cash generation was very strong, driven by improvements in working capital and cost reductions.

Dividend Proposal and Share Buyback Program

Bekaert proposes a dividend of 1.95 euros and continues a share buyback program with a total of 200 million euros. The group has also optimized its business portfolio and restructured its geographic footprint to enhance performance. These measures reflect the strength of the balance sheet and the company's cash generation capability. The free cash flow of 314 million euros illustrates the progress made in the ongoing transformation.

Outlook for 2026: Focus on Sustainable Construction and Energy Markets

For 2026, Bekaert anticipates a recovery in demand in sustainable construction, particularly in North America. Growth is also expected from the energy and utilities markets, supported by recently won contracts and a larger order book. However, the business environment in the more mature and larger markets of tire reinforcement, steel cables, and non-transmission wires remains challenging due to geopolitical uncertainty and competitive pressure. Consequently, the group expects revenue and margins to be similar to 2025 levels on a comparable basis.