Aalberts : Preview H1 2023: Building hampered, Industrial solid
>EBITA margins down in H1 23 due to Building Technology - Aalberts will publish its H1 2023 results on July 27. We expect Building Technology results to be hampered by destocking effects while we assume that Industrial technology results will be robust. We forecast sales of €1.68bn (consensus at €1.70bn) with organic growth of 3.7% (consensus at 4.4%). That 3.7% implies -1.3% organic growth in the remaining two months of H1 2023 given the 6.4% reported in the May trad...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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