mission critical technologies

Aalberts Industries achieves sharp improvement of results


Headlines 1st half of 2010

  • Revenue increases organically by 12% to EUR 782 million
  • Added value* margin improves substantially to 60.9%
  • Operating profit before depreciation (EBITDA) up by 55% to EUR 114.0 million
  • Operating profit (EBITA) up by 110% to EUR 81.1 million
  • Net profit increases by 180% to EUR 51.3 million
  • Earnings per ordinary share up by 182% to EUR 0.48
  • Improved balance sheet ratios and sharp decrease leverage ratio to < 3.0
  • Industrial Services shows a robust recovery with an organic revenue growth of 23%
  • Flow Control realises an organic revenue growth of 7%
  • Announcement of intended acquisition of Conbraco Industries (United States)
read more
upcoming events
more events

Aalberts Industries strengthens market position Flow Control in North America


Aalberts Industries N.V. has reached agreement with the management of Conbraco Industries, Inc. to acquire 100% of the shares. Conbraco Industries in the United States is a leading manufacturer of a complete package of bronze, brass, steel and stainless steel valves and a range of backflow preventers sold mainly in the commercial, industrial and consumer market (retail) under the strong brand name “APOLLO®“ Valves. The acquisition will be effected after finalising all formalities and approvals, which is expected mid July 2010.

read more

Aalberts Industries N.V. dividend 2009 swap ratio notification


Following approval of the 2009 annual accounts by the General Meeting on 22 April 2010, the dividend for the 2009 financial year has been set at EUR 0.13 per ordinary share of EUR 0.25 nominal value. It was also determined that the 2009 dividend of EUR 0.13 will be paid, according to the shareholders’ preference, in cash or in ordinary shares charged to the tax exempt share premium reserve or the unappropriated profit. Payment in cash will occur after deduction of 15% withholding tax on dividends. Payment in shares qualifies as the exception of Article 5:4 sub (e) to the prospectus obligation set out in Article 5:2 of the Act on Financial Supervision (Wet op het financieel toezicht, Wft).

read more

Aalberts Industries: decisions General Meeting 2010


All agenda items approved. Highlights:

  • Dividend EUR 0,13 (cash or stock dividend)
  • Appointment Martin van Pernis as new Supervisory Board member
  • Amendment Articles of Association
read more

Aalberts Industries trading update first quarter 2010


There is an upward trend in the operations of Aalberts Industries in the first quarter of 2010. The orders on hand have increased. This is primarily thanks to the introduction of new products, additional effort put into sales, improvements in the organisation and recovery in some markets. The effects of the measures that have been taken can be seen clearly. Results have improved, partly due to a higher added-value margin and improved efficiency. Around 250 new employees have been taken on. The number of investments remained limited.

read more

Aalberts Industries: EUR 54.2 million net profit


Highlights 2009

  • Market position strengthened through focus on additional sales effort and organisational improvements
  • Structural cost reductions, working capital management and reduction of net debt by EUR 135 million
  • Solid balance sheet ratios: total equity 39.7% of total assets
  • Net profit H2 2009 (EUR 35.9 million) clearly better than H1 2009 (EUR 18.3 million)
  • Revenue EUR 1,405 million (negative effect of exchange rates EUR 35 million)
  • Added-value* margin improved to 58.9% of revenue
  • Operating profit before depreciation (EBITDA) EUR 168.8 million (12.0% of revenue)
  • Operating profit (EBITA) EUR 98.9 million (7.0% of revenue)
  • Net profit EUR 54.2 million; earnings per ordinary share EUR 0.51
  • Cash flow from operations EUR 240.5 million, net cash flow EUR 52.2 million
read more

Aalberts Industries trading update third quarter


In the third quarter, the activities of Aalberts Industries showed a limited upward trend and an increased order position. This was primarily thanks to the limited running down of stocks by its clients, the introduction of new products, additional sales efforts and organisational improvements. Due to the measures taken, efficiency has been enhanced and a structural reduction of costs achieved. Partly as a consequence of maintaining the added value margin, the results for the third quarter were in line with those of the second quarter, despite the holiday period. In addition, the focus continued to be on improving working capital.

read more

Aalberts Industries achieves EUR 18.3 million net profit


  • Revenue of EUR 701.0 million, maintaining the added value margin
  • Decline in organic revenue of 25% (at constant exchange rates)
  • Operating profit before depreciation (EBITDA) EUR 73.8 million (10.5% of revenue)
  • Operating profit (EBITA) EUR 38.7 million (5.5% of revenue)
  • Net profit EUR 18.3 million; earnings per ordinary share EUR 0.17
  • Cash flow from operations EUR 44.4 million
  • Maintenance of solid balance sheet ratios: total equity 35.2% of total assets
read more

Aalberts Industries trading update


Aalberts Industries’ activities and revenue stabilised around the lower level of the last months of 2008 as a result of the economic situation and de-stocking at customers, of which the main effect seems to be behind us. The taken measures, including the reduction of the workforce with 1,500 employees since mid 2008 and the use of short time working arrangements (outside the Netherlands), created lower cost levels and improved efficiency. The company remains focussed on its financial position. Thereby the emphasis is on maintaining positive results, a prudent investment policy and strict control of working capital to reduce as much as possible the regular seasonal build-up during the first half year.

read more

Aalberts Industries achieves operating profit (EBITDA) in line with 2007


Highlights 2008

  • Revenue increase of 3% to EUR 1.75 billion (6% at constant exchange rates)
  • Organic revenue fall of 2% (at constant exchange rates)
  • Operating profit (EBITDA) EUR 251.6 million in line with 2007
  • Operating profit (EBITA) EUR 181.5 million (10.4% of revenue)
  • Earnings per share EUR 1.02, in line with the update on 16 December 2008
  • Continuation of the dividend policy with a pay-out ratio of more than 27% (EUR 0.28 per share)
  • Cash flow from operations (EBITDA + changes in working capital) increased by 15%
  • Strict working capital management and maintenance of healthy balance sheet ratios
  • Strategic expansion Flow Control with Henco, specialist in plastic multilayer systems
read more

Aalberts Industries confronted with a total market slowdown


Aalberts Industries N.V. announces that the company is confronted with exceptional and unforeseen market circumstances. The situation on the financial markets and the impact of that on the economic circumstances are causing a further slowdown in Aalberts Industries’ activities.

read more

Aalberts Industries acquires Alphacan’s heating and sanitary activities


Aalberts Industries N.V., which operates in the fields of Industrial Services and Flow Control, has reached agreement to acquire the heating and sanitary activities of Alphacan, a subsidiary of the French Arkema Group. The acquired assets and business will be integrated into the French group company Comap.

read more

Aalberts Industries appoints Chief Operating Officer


Aalberts Industries N.V. announces that Mr W.A. (Wim) Pelsma will be appointed Chief Operating Officer as from 1 October 2008. This appointment fits within Aalberts Industries’ desire to increase the interaction with and between the different group companies while maintaining its decentralised structure.

read more

Aalberts Industries achieves further profit growth


Highlights of the first half of 2008

  • Increase of revenue by more than 6% to EUR 913 million (10% at constant exchange rates)
  • Organic revenue growth of approximately 3% (at constant exchange rates)
  • Operating profit (EBITA) up 9% to EUR 106 million
  • Increase in net profit by more than 6% to EUR 67 million
  • Earnings per share up 3% to EUR 0.65 (7% at constant exchange rates)
  • Maintaining solid balance sheet ratios
  • Acquisitions Flow Control (Henco and Zawgaz) and Industrial Services (IDE, Duralloy and Cotterlaz) 
  • Increase of revenue by more than 6% to EUR 913 million (10% at constant exchange rates)
  • Organic revenue growth of approximately 3% (at constant exchange rates)
  • Operating profit (EBITA) up 9% to EUR 106 million
  • Increase in net profit by more than 6% to EUR 67 million
  • Earnings per share up 3% to EUR 0.65 (7% at constant exchange rates)
  • Maintaining solid balance sheet ratios
  • Acquisitions Flow Control (Henco and Zawgaz) and Industrial Services (IDE, Duralloy and Cotterlaz)
read more

Aalberts Industries acquires Polish producer of district heating and gas valves


Aalberts Industries N.V., which operates in the fields of Industrial Services and Flow Control, has reached agreement to acquire 100% of the shares of the Polish company Zawgaz Sp. z.o.o., specialised in the production of steel ball valves.

read more

Dividend 2007 Aalberts Industries N.V.


Following approval of the 2007 annual accounts by the General Meeting of Shareholders on 23 April 2008, the dividend for the 2007 financial year has been set at EUR 0.32 per ordinary share of EUR 0.25 nominal value.

read more

Aalberts Industries takes important strategic step


through acquisition of leading plastic system specialist

 

Aalberts Industries N.V. has acquired 100% of the shares of Henco Floor N.V. and Henco Industries N.V. (“Henco”), one of the leading European producers of multilayer tube and fittings for inside building systems.

read more

Aalberts Industries’ net profit up by 19%


2007 was an exciting and positive year

 

Highlights 2007

  • Increase in revenue by 18% to EUR 1.7 billion
  • Organic revenu growth of 7% combined with consistent acquisition strategy
  • Operating profit increased by 15% to EUR 193.3 million
  • Net profit rose by 19% to EUR 128.0 million
  • Earnings per share EUR 1.26, an increase of 16%
  • Dividend increase of 14% to EUR 0.32 per ordinary share
  • Further expansion of Aalberts Industries in strategic growth markets
  • Integration activities within Flow Control France and United Kingdom
read more

Aalberts Industries strengthens French Industrial Services activities


Aalberts Industries N.V., which operates in the fields of Industrial Services and Flow Control, has agreed to acquire 100% of the shares of Cotterlaz Components S.A. in France, an international group specialised in precision metal stamping and plastic insert moulding of complex metal components. The acquired business is an extension of the Industrial Services activities in France and Eastern Europe.

read more

Aalberts Industries acquires high-grade coating specialist


Aalberts Industries N.V., which operates in the fields of Industrial Services and Flow Control, acquired 100% of the shares of Duralloy Süd GmbH in Germany and Duralloy AG in Switzerland, hereinafter called Duralloy, a leading provider of thin dense chromium surface treatment.

read more