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Bekaert GmbH Otto-Hahn-Straße 20 61381 Friedrichsdorf, Germany http://www.bekaert.com/building
Contact Ms Kateljn Bohez +32 56 76 66 12
Company logo of Bekaert GmbH
Bekaert GmbH

Bekaert makes a very strong start to 2021

All-time high quarterly sales - substantial volume growth

(PresseBox) (Friedrichsdorf, )
.
Highlights
• Record-high quarter revenue: consolidated sales of € 1 128 million (+19%1) and combined sales of € 1 339 million (+23%1)
• Global demand rebound and strong momentum in Latin American and Indian markets
• Working capital on sales further down to 13%, despite the impact from wire rod price increases
• More than € 1 billion cash on hand with € 60 million incremental liquidity over year-end 2020
• Strong balance sheet: debt deleveraging continued in the first quarter

Our business focus and priorities
• Continued focus on protecting the health and safety of our employees and their families through the Covid-19 pandemic
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