NV Bekaert SA (OTCPK:BEKSF) Q1 2025 Outcomes Convention Name Might 14, 2025 3:00 AM ET
Firm Individuals
Man Marks – Vice President of Investor Relations
Yves Kerstens – Chief Government Officer
Seppo Parvi – Chief Monetary Officer
Convention Name Individuals
Frank Claassen – Degroof Petercam
Wim Hoste – KBC Securities
Martijn den Drijver – ABN AMRO
Chase Coughlan – Van Lanschot Kempen
Operator
Good morning, and welcome to the Bekaert First Quarter 2025 Buying and selling Replace Name. Right now, all individuals are in a listen-only mode. And the ground shall be open in your questions, after the presentation. [Operator Instructions] As a reminder, this convention is being recorded.
It’s now my pleasure to show the ground over to your host, Mr. Man Marks, Vice President, Investor Relations. Sir, the ground is yours.
Man Marks
Wonderful. Many thanks for the nice and cozy welcome, and thanks all to these on the telephone for becoming a member of immediately’s Q1 2025 buying and selling replace. I am going to hand over very shortly to CEO, Yves Kerstens; and CFO, Seppo Parvi. However simply earlier than I try this, I am going to take you thru the protected [Technical Difficulty] this or some other publication issued by Bekaert.
With that out of the best way, I am delighted handy over to Yves.
Yves Kerstens
Thanks, Man. Additionally a heat welcome from my facet on the buying and selling replace for Q1. So within the first quarter of 2025, we delivered a high line simply south of EUR 1 billion, EUR 991 million, 3% decrease than Q1 of 2024. On our joint ventures, we delivered round EUR 214 million of high line, 2% decrease than in Q1 the yr earlier than. So similar phrases of dynamics in that area.
In that context of a difficult market surroundings, we carry on engaged on defending our margin, price management, but additionally working capital. The best way we
