Oddo BHF - Ackermans van Haaren NV (ACKB) Ackermans Van Haaren : Banks and DEME back to solid profitable growth

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Oddo BHF

Thijs Berkelder

Ackermans & Van Haaren : Banks and DEME back to solid profitable growth

>Marine Engineering and Private Banking drivers behind earnings beat - Net earnings over 2023 came in at € 399m (AAOB € 388.2m having incorporated the subsidiary results over the past few days), with the core segments up 6% to € 377.4m (AAOB € 369.9m; € 354.4m in 2022) and other segments contributing € 25.7m (AAOB € 18m; € 326.4m in 2022).Core segments: Marine Engineering was up 36% y-o-y to € 128.5m (AAOB € 126.4m), Private Banking up 16% y-o-y to € 208.7m (AAOB...

01/03/2024 1 EN

Underlying

Ackermans & van Haaren NV

Ackermans & Van Haaren is an investment company. Co. operates in five sectors: Marine Engineering & Infrastructure, which includes DEME NV, a dredging and marine company; Private Banking, which includes BDM NV - Continentale Verzekeringen NV (ASCO NV), which focuses on marine and industrial insurance via brokers; Real Estate, Leisure & Senior Care, which includes Extensa Group NV, a real estate developer; Energy & Resources, which includes Telemond Group, a supplier to the crane and automotive industry; and Development Capital, which is engaged in ICT and engineering, retail and distribution, real estate development, and media and printing.

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BE0003764785 Euronext Brussels Belgium

Provider

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.

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Analysts

Thijs Berkelder

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