Bekaert delivered a disciplined financial performance in the first half of 2026, with like-for-like sales flat versus last year and an underlying EBIT margin of 8.3%. Total sales reached €1.9 billion, down 5% including currency and portfolio change effects, while like-for-like volumes grew 4% driven by tire cord demand. Underlying EBIT fell 10% to €155 million, and free cash flow was €55 million, reflecting higher working capital tied to the Bridgestone plant acquisitions and currency impacts. The Group maintained a strong balance sheet with net debt to EBITDA of 0.82 times and continued its €200 million share buyback program, having purchased €165 million to date. CEO Olivier Biebuyck highlighted agile mitigation of Middle East conflict impacts and confidence in growth opportunities across segments such as Sustainable Construction and Rubber Reinforcement.
NV Bekaert SABekaert reported flat like-for-like sales, 8.3% EBIT margin, and continued share buyback, indicating disciplined financial performance.
Bridgestone CorporationBridgestone plant acquisitions contributed to higher working capital and currency impacts, though the mention is brief and not central.