Report
Martijn Den Drijver

AALBERTS : Preview 2023 results: Despite headwind a robust performance expected

>A solid H2 2023 expected albeit modestly weaker than H1 - Aalberts will publish 2023 results on February 22 at 07.30h CET. We forecast H2 2023 sales of €1.63bn or organic growth of 4.4% (H1 2023 5.6%) versus company compiled consensus of €1.62bn and organic growth of 3.7%. We expect a H2 2023 EBITA of €248m or a margin of 15.2% whereas consensus is at €245m or a margin of 15.1%. This compares to a margin of 15.5% achieved in H2 2022 and 15.4% in H1 2023 so a sequenti...
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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