Aalberts N.V.: Aalberts delivers record EBITA and free cash flow
Utrecht, 22 February 2024
highlights
- revenue EUR 3,324 million; organic revenue growth 4.5%
- EBITA EUR 521 million; EBITA margin 15.7%
- earnings per share before amortisation EUR 3.38
- free cash flow EUR 423 million
- innovation rate increased to 20%; SDG rate to 70%
CEO statement
“In 2023, we delivered another strong and resilient performance.
We managed the headwinds in eco-friendly buildings well and our growth agenda continued for semicon efficiency, sustainable transportation, and industrial niches. Fewer supply chain issues resulted in improved customer satisfaction and our operational excellence initiatives drove further efficiency improvement and footprint optimisation”, said Stéphane Simonetta.
“We sustained our added value margin with cost saving actions and robust price levels. Supply chain improvements enabled us to reduce inventories. Capital expenditure increased to support additional capacity, geographical expansions, innovation, and business development plans. We improved our return on capital employed.
We are committed to accelerate investments in innovation and digitalisation to increase revenues and reduce operating costs. We have made great progress on CO2 intensity reduction, waste management and circular economy.
Our Aalberts people did an excellent job in creating value for our customers, delivering operational performance and driving the long-term business development plans.”
dividend
To the General Meeting we propose a cash dividend of EUR 1.13 per share (2022: EUR 1.11). An increase of 2% compared to last year.
outlook
We are executing our strategy Aalberts ‘accelerates unique positioning’, realising our objectives. We will continue to focus on organic revenue growth, operational excellence, portfolio optimisation and sustainable entrepreneurship to enable a clean, smart and responsible future.
webcast
A webcast will take place on 22 February 2024, starting at 9:00 am CET. The webcast and presentation can be accessed via aalberts.com/webcast2023
contact
+31 (0)30 3079 302 (from 8:00 am CET)
investors@aalberts.com
Attachment
-
5 Stocks to Buy While They’re Trading at Big Discounts
-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
Should You Buy and Hold an Artificial Intelligence Portfolio?
-
3 Cheap and Dependable Dividend-Growth Stocks to Buy
-
The Best Bank Stocks to Buy
-
After Earnings, Is Roblox Stock a Buy, Sell, or Fairly Valued?
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?