Financial Review

In last year’s annual report we described the progress of ‘RedCop’ (REDesign, Consolidation Process), an ambitious project led by our Finance department. The project, involving the implementation of a globally standardized and highly automated financial reporting tool, aimed to improve data quality, intermediate reporting, and efficiency gains in financial management.

With this project, Bekaert won first prize in the contest Best Finance Team of the year (2010), category ‘large enterprises’, organized by CFO Magazine, the leading trade magazine for the CFO community in Belgium. The new reporting tool was used to compile the financial figures you can find in this report.

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