Over 1Q25 Aalberts' topline came in as expected declining 3.3% in line with the issued 1Q guidance calling for a mid single organic revenue decline. Adjusted EBITA landed at €106m (vs. our €115mE and CSS of € 108mE). Overall EBITA margin of 13.6% (vs. 14% CSS, 14.2% KBCe) was down from 14.2% in 1Q24. Gross margin was said to be at a good level, which based on historical track record should thus hover around our estimated 62-63%. Company is not formally reiterating FY25 guidance issued last Febru...
Aedifica proposed a voluntary conditional exchange offer for all outstanding Cofinimmo shares. They offer 1.16 new Aedifica shares per Cofinimmo share. The offer values each Cofinimmo share at EUR 80.91, representing a 20.8% premium over Cofinimmo's “undisturbed” share price of EUR 67.00. and adjusted for the difference in proposed FY24 gross dividends. The offer is subject to a minimum acceptance threshold of 50%+1, a standstill by Cofinimmo and unconditional merger approval in Belgium, the Net...
Aalberts N.V.: Aalberts reports first quarter 2025 results Utrecht, 2 May 2025 Aalberts reports first quarter 2025 resultsIn the first quarter Aalberts realised EUR 778.3 million revenue, which translates into 3.3% organic revenue decline compared to the first quarter of last year. We realised EUR 105.7 million EBITA or 13.6% EBITA margin. In challenging market environments, we continued our focus on cost out and inventory optimisation initiatives. The added value margin remained on a good level. Thanks to our local footprint, supply chain and pricing excellence, we did not see a materia...
ING completes share buyback and announces new programme of up to €2.0 billion ING completes share buyback and announces new programme of up to €2.0 billion ING announced today that it has completed the share buyback programme announced on 31 October 2024. The total number of ordinary shares repurchased under the programme is 125,848,305 at an average price of €15.84 for a total consideration of €1,993,571,438.95. During the last week of the programme, from 28 April 2025 up to and including 30 April 2025, in total 6,872,040 shares were purchased. These shares were repurchased at an aver...
ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income 1Q2025 profit before tax of €2,124 million with a CET1 ratio of 13.6% • Strong increase in fee income, driven especially by an increase in investment products • Total income was resilient, supported by an excellent growth in deposits and a continued increase in mortgage volumes, as well as strong results in Financial Markets • Operating expenses excluding regulatory costs slightly...
Aalberts N.V.: Aalberts completes acquisition of Paulo Products Company Utrecht, 1 May 2025 Aalberts announces successful regulatory approval, finalising the acquisition of Paulo Products Company, operating five facilities in the USA and one in Mexico, generating an annual revenue of approximately USD 105 million with 522 employees. The results of Paulo will be consolidated as of 1 May 2025. In December 2024, Aalberts announced that agreement was reached to acquire Paulo Products Company, North America’s largest privately owned thermal processing platform, specializing in industrial heat...
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