AALBERTS : Building Tech moving in the right direction, Industrial Tech better than expected. Announcement of cost restructuring and divestment positive
>Positive development in Building Tech, Semicon solid - In the mainly qualitative trading update Aalberts reported organic growth for 10M 2024 of -2.9% whereas we had expected -3.5%. That is better than expected and an improvement over the -3.9% reported in H1 2024. Building Tech organic growth was -4.7% versus our expectation of -5.4% which also means that in the four months of July to October, organic growth was -1.8% versus our expectation of -3.5%. Clearly, Aalbe...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.
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.
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