Bekaert maintained stable sales volumes in the first nine months of 2013, compared with the same period of last year. The Group achieved consolidated sales of € 2 422 million and combined sales of € 3 142 million.
The strong euro and a drastic depreciation of the Venezuelan bolivar in the third quarter of 2013 have led to significant unfavorable translation effects in Bekaert's top-line. Compared with the first nine months of 2012, the year-to-date 2013 currency impact on consolidated sales was attributable to Venezuela (-3.1%) and in part also to the foreign exchange evolution of other currencies (-1.8%). The net effect of acquisitions and divestments was limited to +1.2%. Notwithstanding stable volumes, the organic sales decline was -4.8% as a result of price-mix effects. In total, consolidated sales thus decreased by -8.5%.
At the combinedlevel, sales were down 6.5% in comparison with the first nine months of 2012. Currency translation effects accounted for -6.4% (-2.4% related to the Venezuelan activities and -4.0% to fluctuations of other currencies, including the Brazilian real). The net effect of acquisitions and divestments was limited to +0.9% and compensated for a slight organic decline of -1.0% year-on-year.