Aalberts N.V.: Aalberts hosts 2024 capital markets day and sets 2030 objectives
December 10 2024 - 12:30AM
UK Regulatory
Aalberts N.V.: Aalberts hosts 2024 capital markets day and sets
2030 objectives
Utrecht, 10 December 2024
key highlights
- on track and committed to realise 2026 objectives
- introducing long-term 2030 objectives
- drive profitable sustainable growth and enhance leadership
positions by innovation, geographical expansion and
accelerated portfolio optimisation
- disciplined capital allocation with share buybacks
- simplified reporting structure with three business
segments
Aalberts ‘thrive 2030’
Aalberts will focus on leadership positions in three attractive end
markets with high organic growth potential: industry, semicon and
building. We will continue to optimise our portfolio to have a more
balanced revenue per end market and region. We will simplify and
align our reporting structure to our end markets with increased
transparency.
Aalberts will strengthen positions in industry (North America),
semicon (South-East Asia, portfolio) and building (North America,
portfolio) through acquisitions, with EUR 800-1,000 million revenue
until 2030. An additional divestment programme of EUR 400-500
million revenue will be started.
Capital expenditure increases to EUR 250-300 million per year to
drive sustainable growth and operational excellence, free cash flow
conversion ratio more than 65%. Share buyback are now part of
capital allocation when excess cash is available.
Innovation rate remains >20% with focus on customer-centric
solutions. Sustainability remains an opportunity and driver for
profitable growth with more than 70% of our revenue linked to
SDG’s. We remain committed to be net zero carbon in 2050 or earlier
and have set 2030 targets.
CEO statement
Stéphane Simonetta comments: "Our goal is to unleash the full
potential of Aalberts. We are committed to rebalance our portfolio,
invest in a future-proof workforce through talent development and
capability enhancement, invest in customer-centric supply chain and
innovate to differentiate. These efforts will ensure we achieve
both our short-term and long-term objectives. The Aalberts way is
how we work and what makes us win."
Aalberts objectives 2030
- revenue EUR >4.5 billion
- EBITA margin >18%
- free cash flow conversion ratio >65%
- ROICE 10-year period >18%
- leverage ratio <2.5
webcast
Today, Aalberts is hosting its capital markets day at its surface
technologies site in Eindhoven, the Netherlands. During the event,
CEO Stéphane Simonetta, CFO Arno Monincx and three business segment
CEOs will present ‘thrive 2030’, followed by a Q&A. The event
will be broadcasted via a webcast, starting at 9:30 am CET. The
webcast and presentation will be available at
aalberts.com/cmd2024.
contact
+31 (0)30 3079 302 (from 8:00 am CET) | 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 Abuse Regulation.
Aalberts NV (TG:AACA)
Historical Stock Chart
From Nov 2024 to Dec 2024
Aalberts NV (TG:AACA)
Historical Stock Chart
From Dec 2023 to Dec 2024