AALBERTS : Upping estimates and TP modestly after encouraging trading update
>Trading update positive: positive volume trends, restructuring + M&A - Aalbert’s trading update was encouraging at all levels. The volume decline in Building Tech (BT) was much less than expected and is now on a course to become positive in H1 of 2025. The deterioration of volume in Industrial Tech (IT) was also more modest than assumed, signalling a solid performance of Semicon (high to mid single digit organic growth and a solid performance of Surface Technologies)...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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