Aalberts N.V.: Aalberts realises 5% organic growth with good added value margin
November 09 2023 - 12:30AM
Aalberts N.V.: Aalberts realises 5% organic growth with good added
value margin
Utrecht, 9 November 2023
trading update - first ten months 2023
In the first ten months Aalberts realised 5.0% organic revenue
growth compared to last year, for building technology segment -1.1%
and industrial technology segment +13.7%. The added value margin
remained on a good level.
Customer service improved due to fewer supply chain issues and
we see good results of our inventory reduction plans. We continued
to drive business development and innovation plans. Operational
excellence projects continued to improve our efficiency and
optimise our footprint. Capital expenditure further increased to
facilitate the organic growth plans.
In eco-friendly buildings we faced lower
activity with further inventory reduction of our wholesale
customers. We continue to see a mixed picture in end-user demand
throughout the regions with postponements of projects in new build
and renovation of heating and cooling systems. Our price level
remains robust despite challenging market circumstances. We see the
first effects of additional sales initiatives to gain market share,
supported by the innovations and capacity investments of the last
years. Our performance is supported by productivity actions and
cost initiatives. Energy efficiency in residential and commercial
buildings remains a long-term growth driver.
In semicon efficiency strong growth continued
and we improved our service with increased efficiency and fewer
supply chain issues. Our orderbook remains on a high level. Further
expansions of our footprint and manufacturing capacity are in
progress, enabling the strategic growth and new business
development plans of our customers.
In sustainable transportation we realised a
strong performance in automotive, aerospace and marine. Supply
chain disruptions at the facilities of our customers reduced. The
demand for precision manufactured parts and specialised surface
technologies further continued, accelerated by new developments in
e-mobility, lightweight materials, sustainability and
reshoring.
In industrial niches our activities performed
very well in all regions. The demand for precision extrusion parts
and specialised surface technologies continued on a high level. Our
industrial valves business in North America continued to perform
well.
CEO statement Stéphane Simonetta comments: “I
would like to thank our teams for their hard work to sustain a
solid performance in a volatile market environment and for their
welcome during my onboarding. 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 301 (from 8:00 am CET)
investors@aalberts.com
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