Aalberts N.V.: Aalberts sustained added value margin in challenging market environment
22 May 2024 - 3:30PM
Aalberts N.V.: Aalberts sustained added value margin in challenging
market environment
Utrecht, 22 May 2024
trading update - first four months 2024
In the first four months Aalberts realised -2.6% organic revenue
growth compared to last year, for building technology segment -6.1%
and industrial technology segment +1.7%. The added value margin
remained on a good level.
Productivity improvement, cost savings and inventory reduction
plans are in place to manage cost inflation and lower volumes. We
are deploying our strategic initiatives with our long-term business
plans and portfolio optimisation.
In eco-friendly buildings we continued to see
lower activity, in line with our expectations. Our added value
margin remained on a good level thanks to our robust pricing, sales
initiatives and purchasing actions. We continued to see the impact
of decreasing end-user demand due to postponements of projects in
new build, while renovation remained more stable. Stock levels at
wholesales were still low for our products. We saw better activity
in America, Asia and Middle East compared to Europe. Our water
treatment offering for heating systems grew faster than expected.
Energy & resource efficiency in residential and commercial
buildings remain long-term growth drivers.
In semicon efficiency growth continued with
volatile demand. We improved our service with increased efficiency.
Our orderbook remained on a high level. Further expansions of our
footprint and manufacturing capacity are on track, enabling the
strategic growth and new business development plans of our
customers.
In sustainable transportation we saw stable
activity with lower demand in automotive and continued growth in
aerospace. The demand for precision manufactured parts and
specialised surface technologies further continued, driven by new
developments in e-mobility, lightweight materials, sustainability
and reshoring.
In industrial niches we saw a lower activity
level in industrial production in Western Europe and America and
continued growth in Asia.
CEO statementStéphane Simonetta comments: “The
first four months were in line with our expectations. We managed
the headwinds in building technology and our growth continued in
industrial technology. We sustained our added value margin with
cost saving actions and robust price levels in challenging market
circumstances. We remain well positioned for the rebound of
activity, as our customers expect demand to strengthen towards the
end of the year. We are executing our strategy Aalberts
‘accelerates unique positioning’ and will continue to focus on
organic revenue growth, operational excellence, portfolio
optimisation and sustainable entrepreneurship to enable a clean,
smart and responsible future.”
contact+31 (0)30 3079 302 (from 8:00 am
CEST)investors@aalberts.com
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