Aalberts N.V.: solid and resilient performance in a more difficult market environment
27 Février 2020 - 7:30AM
Aalberts N.V.: solid and resilient performance in a more difficult
market environment
Utrecht, 27 February 2020
highlights
o revenue +3% to EUR 2,841 million (organic +1.1%)o operating
profit (EBITA) EUR 362.6 million with an EBITA-margin of 12.8% o
net profit before amortisation EUR 267.4 million; per share EUR
2.42 (-3%) o free cash flow EUR 312.1 million; ROCE 15.1% (before
IFRS 16) o increased investments in organic growth and innovation
initiatives o portfolio optimisation: acquired PPC and Applied,
annual revenue USD 62 million; divested STAG and HFI, annual
revenue EUR 30 milliono updated strategy ‘focused acceleration’,
presented December 2019
CEO statement“WE DELIVERED A SOLID AND
RESILIENT PERFORMANCE.
In the course of the year we faced more difficult market
circumstances in the automotive and several industrial niche end
markets, due to market uncertainty, postponement of orders and
inventory reduction. This was compensated with growth and
innovation initiatives in the end markets eco-friendly buildings,
sustainable transportation and semicon efficiency, resulting in
overall organic revenue growth. Our EBITA performance was impacted
by the revenue mix. Besides this, 2019 included less incidental
benefits compared to 2018.
Overall, our performance was solid and resilient, due to our
sustainable business model, focused business teams, many organic
revenue growth, innovation initiatives and cost reductions. We
continued our focus on the operational excellence projects. There
is still a lot to gain the coming years.
To facilitate the many good business plans, we increased our
investments and further optimised our portfolio. Our updated
strategy ‘focused acceleration’ 2018-2022 was presented during our
Capital Markets Day (CMD) in December.”
dividendWe propose a cash dividend of EUR 0.80
per share (2018: EUR 0.75) to the General Meeting, an increase of
7%.
outlookWe will accelerate our actions as
presented during our CMD. We remain confident in realising our
organic growth and innovation plans and operational excellence
projects, achieving our strategic objectives.
- full press release in pdf
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