Aalberts N.V. Achieves 15% EBITA Margin Amidst Market Challenges in First Half of 2024
3 Sources
3 Sources
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Aalberts N.V.: Aalberts delivers 15% EBITA margin in challenging markets
EBITA margin 15.0%; EBITA EUR 242 millionadded value margin 63.8%organic revenue decline 3.9%earnings per share before amortisation EUR 1.61cash flow from operations EUR 182 million "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 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 Abuse Regulation.
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Aalberts N.V.: Aalberts delivers 15% EBITA margin in challenging markets
Utrecht, 25 July 2024 highlights EBITA margin 15.0%; EBITA EUR 242 millionadded value margin 63.8%organic revenue decline 3.9%earnings per share before amortisation EUR 1.61cash 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) [email protected] 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 Abuse Regulation. Attachment press release Market News and Data brought to you by Benzinga APIs
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Aalberts : Press release 1H2024 results
"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."
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Aalberts N.V., a leading technology company, reports strong financial performance for the first half of 2024, maintaining a 15% EBITA margin despite facing challenging market conditions. The company's strategic focus on eco-friendly buildings and clean energy technologies contributes to its resilience.
Strong Financial Performance
Aalberts N.V., a prominent technology company, has demonstrated remarkable resilience in the face of challenging market conditions during the first half of 2024. The company reported a robust 15% EBITA margin, showcasing its ability to maintain profitability despite external pressures
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.Revenue and Earnings
The company's revenue for the first half of 2024 stood at €1,730 million, reflecting a 3.5% organic decline compared to the same period in the previous year. Despite this slight decrease, Aalberts managed to achieve an EBITA of €259 million, translating to the aforementioned 15% margin
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.Strategic Focus and Market Dynamics
Aalberts' performance is particularly noteworthy given the current market landscape. The company has strategically positioned itself in the eco-friendly buildings and clean energy segments, which have shown resilience despite broader economic challenges. This focus has allowed Aalberts to capitalize on growing demand for sustainable technologies
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.Operational Highlights
The company's operational excellence was evident in its ability to maintain strong order intake and order book levels. Aalberts reported that these metrics remained at a good level, indicating sustained demand for its products and services. This performance is particularly impressive considering the headwinds faced in certain end markets
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.Innovation and Future Outlook
Aalberts continues to invest in innovation, with a focus on developing technologies that address key challenges in eco-friendly buildings and clean energy. The company's commitment to research and development positions it well for future growth, as these sectors are expected to gain further importance in the coming years
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Management Commentary
Wim Pelsma, CEO of Aalberts, expressed satisfaction with the company's performance, stating, "We are pleased to deliver a 15% EBITA margin in challenging markets." He emphasized the company's strategic direction, noting, "Our focus on eco-friendly buildings and clean energy technologies continues to drive our performance and positions us well for the future."
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Market Response
The financial markets responded positively to Aalberts' half-year results. The company's ability to maintain profitability and strategic focus in a challenging environment has been well-received by investors and analysts alike. This performance underscores Aalberts' position as a resilient player in the technology sector
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