Report
Martijn Den Drijver

AALBERTS : Preview H1 2024: Defending margins despite volume headwind

>Slightly lower EBITA margins due to volume headwind, solid FCF and BS - Aalberts will publish its H1 2024 results on July 25 at 07.30 CET. A conference call is scheduled for 09.00h with Q&A starting at 10.00h CET. We forecast organic growth of -2.9% (css at -2.1%), sales of €1.62bn (css at €1.65bn) and an EBITA of €243m (css at €247m) or a margin of 15.0% (css at 15.0%), which is 40 bps lower than in H1 2023. Although we expect rawmats in inventory to come down mater...
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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