Aalberts CMD with updated 2030 targets and adjusted segment reporting
Aalberts just issued a release ahead of today's CMD starting at 9.30am CET. While the previous strategy cycle (CMD Dec-21) ran from 2021-2026, the strategy cycle linked to today's CMD spans until 2030. As expected previous 2026 targets were reconfirmed, whilst fresh 2030 targets include a >€ 4.5bn revenue ambition and an EBITA margin >18%. Accumulate maintained.Aalberts Industries is a technology company. As of Dec 31 2015, Co. is organized into four businesses: building installations, which produces and sells connection systems and valves to distribute and control water or gas in heating, cooling, drinking water, gas and sprinkler installations in residential, commercial and industrial buildings; climate control, which develops and produces complete hydronic systems-from source to emitter- for heating and cooling systems; industrial controls, which develops and produces regulation and control systems for selected niche markets; and industrial services, which provides a combination of material technology know-how and manufacturing capabilities.
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