Bekaert: A Surprise Dividend Hike
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Bekaert reported strong 2024 results with a net profit of 238.9M EUR and a free cash flow yield in the mid-teens. The company announced a 6% dividend increase and a 200M EUR share repurchase program, reducing the share count to below 50M. Despite no expected growth in 2025, Bekaert's strong free cash flow and low net debt to EBITDA ratio make it a solid investment.
March 16, 2025 | 4:00 pm
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Bekaert announced a 6% dividend increase and a 200M EUR share repurchase program, reducing the share count to below 50M. The company's strong free cash flow and low net debt to EBITDA ratio make it a solid investment despite no expected growth in 2025.
The dividend increase and share repurchase program are positive signals for investors, indicating confidence in the company's financial health. The strong free cash flow and low debt further support a positive outlook, despite no growth expected in 2025.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100