Report
Martijn Den Drijver

Aalberts : 1H22 results to be strong, more uncertainty thereafter

>Robust 1H22 in terms of organic growth and EBITA margins - Aalberts will publish its 1H22 results on July 21st at 07.15h CET. For 1H22 we expect organic growth of 6.2% (consensus at 7.5%, 1H21 organic growth was 20.1% so no easy comps), sales of €1.59bn (consensus at €1.62bn) and an EBITA of €247m (consensus at €249m) or a margin of 15.6% (consensus at 15.4%), which is 70 bps better than the EBITA margin of 1H21. Due to a material increase in capex and investments in...
Underlying
Aalberts N.V.

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martijn Den Drijver

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