Report
Martijn Den Drijver

Aalberts : Swiss Piping / HVAC Tour: 2023 and 2024 may be difficult years

>Swiss Tour (Geberit, Belimo and GF visits) confirms gloomy near term outlook - Last week we attended the Geberit CMD but also visited Belimo and Georg Fischer (G+F), all companies active in piping systems or HVAC equipment and tools, similar to Aalberts’ Building Technology. Listening to these companies, the outlook for H2 2023 is clearly negative from a volumes perspective, especially for Geberit and G+F because of the importance of the German new build market, whi...
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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