Aalberts N.V.: Aalberts delivers 15% EBITA margin in challenging markets
25 July 2024 - 3:30PM
Utrecht, 25 July 2024
highlights
- EBITA margin 15.0%; EBITA EUR 242 million
- added value margin 63.8%
- organic revenue decline 3.9%
- earnings per share before amortisation EUR 1.61
- cash flow from operations EUR 182 million
CEO statement
“The first six months of the year have been challenging as we
saw lower activity at our customers, especially headwinds in
building technology, but we improved our added value margin and our
profitability continued to be strong in industrial technology. We
sustained 15% EBITA margin with cost saving actions and robust
price levels”, said Stéphane Simonetta.
“The soft market in eco-friendly buildings will likely continue
in the second half of the year. The semicon efficiency outlook
remains positive, driven by long-term growth and AI technology
advancements. The demand in sustainable transportation and
industrial niches remains with a mixed picture in our various
end-markets, regions and technologies.
We deploy our strategy with operational excellence initiatives
and footprint optimisation to reduce our fixed costs and secure our
margin objectives. While we manage the short-term volatile market
environment, we continue to invest for the long term and execute
our strategic initiatives with our business development plans and
portfolio optimisation.
Overall, we remain well positioned for the rebound of
activity.”
outlook
We are executing our strategy Aalberts ‘accelerates unique
positioning’, realising our objectives. We will continue to focus
on organic revenue growth, operational excellence, portfolio
optimisation and sustainable entrepreneurship to enable a clean,
smart and responsible future.
On 10 December 2024 we will give an update of our strategy
during a capital markets day.
webcast
An audio webcast will take place on 25 July 2024, starting at
9:00 am CEST. The audio webcast and presentation can be accessed
via aalberts.com/webcast1H2024
contact
+31 (0)30 3079 302 (from 8:00 am CEST)
investors@aalberts.com
regulated information This press release
contains information that qualifies or may qualify as inside
information within the meaning of Article 7(1) of the EU Market
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