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- NV Bekaert SA press release (OTCPK:BEKSF): 1H Consolidated sales of €2.1 billion (-11.1%) and combined sales of €2.5 billion (-12.0%), driven primarily by lower volumes, passed-on lower raw material costs and an unfavorable impact from exchange rate movements
- Underlying gross profit margin improved to 18.4% (vs 17.6% in H1 2023), with underlying gross profit at €379 million (vs €409 million in H1 2023)
- Strong margin performance, driven by ongoing business mix selection and operational improvements, despite lower volumes.
- Underlying EPS stable at €3.04 (vs €3.07 in H1 2023).
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