AALBERTS : Lower growth but well better than expected EBITA margins
>Solid EBITA margins and FCF with the latter helped by higher than expected divestment proceeds - Aalberts reported a solid set of results in H2 2023. Organic growth was lower than anticipated (3.3% vs 3.7% css), which was driven by Building Technology whereas Industrial Technology outperformed. Despite that lower than expected organic growth and negative volumes in Building Tech, the value add remained at 62.4%, a solid performance. EBITA beat consensus by 5% with th...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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