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Belgium's Bekaert posts lower revenue for H1 2025, demand hit by tariff uncertainty-彈簧展-2026第二十六屆廣州國際彈簧工業展覽會--巨浪展覽-Spring Industry Exhibition -The 26th China(Guangzhou)Int'l Spring Industry Exhibition
8/25/2025 彈簧展 - Spring Industry Exhibition |
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Belgium-based steel cord and wire manufacturer Bekaert has announced its financial results for the first half thisyear.
In the first half, the company posted consolidated sales revenues of �1.95 bilion, down by 5.2 percent year onyear. lts EBlTDA decreased by 10.1 percent compared to the same period of last year to �259 milion, while itsEBITDA margin decreased to 13.3 percent from 14.0 percent in the first half of 2024.
According to statement, rising tariffs and intensifying trade tensions have added to the uncertainty faced byBekaert, along with its suppliers and customers. Since the first quarter results, US steel tariffs have climbedfrom 25 percent to 50 percent, making it increasingly challenging to pass these costs through the supply chainand leading to delays in some orders.
Following a period of resilience in the second quarter, the tariff uncertainty and weakening economic outlookhave started to have an impact on demand. Bekaet expects demand to decline across many of its end marketsduring the second half of 2025.
Given these lower volumes, combined with higher tariffs and current exchange rates, the company forecastsslightly lower sales in 2025 compared to 2024. Nevertheless, cash flow remains strong, thanks to the focus onworking capital management and reduction in capital expenditure.
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