Report
Martijn Den Drijver

Aalberts : EPS adjustments due to energy price rises and Automotive hiccups

>Adjusting 2021 and 2022 adj. EPS by 4.1% and 5.5% - We are adjusting our estimates to reflect the hiccups in Automotive and the higher energy prices that may not always be passed on to customers. We lower our 2021-2022 sales estimates by 1.6% and 1.7% and lower our EBITA forecast by 4.0% and 5.4%, which is mainly due to the lower volumes and high energy use in Material Technology. As it stands after these adjustments, we are 1% and 4% below 2021 sales and EBITA conse...
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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