Bekaert Sa Ord (BEKSF) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

That full start, but good morning, everyone. Thank you so much for joining today's Q1 2024 trading updates. I'll hand over very shortly to Eve and Tawfiq, but just before that, it's important to take you through the safe harbor statement. Just to remind, this presentation may contain forward-looking statements. Such statements reflect the current views of management regarding future events and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this presentation as of its date and does not undertake any obligation to update any forward-looking statements contained in it in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other publication issued by Bekaert. With that, Claire, I'd love to hand over to Yves. Thank you. Thank you, Paul. So the year started solid for us with the performance in line with our four-year expectation. And today, myself and Daphne will give you some further color on this performance. So on the first quarter, top line, we achieved 1 billion 25 million. This is compared to a very strong QE1-23 down, top line sales of 14%. As you remember, QE1-23 was the last quarter of very high, let's say, input materials, raw materials and energy costs, which we passed through to the market in QE1, as well as pre-stocking and customer stocking both in China and in some other regions of the world. If you m...