Aalberts drops after FY results, flat growth guidance

Aalberts

27/02/2025 11:32

** Shares in Aalberts AALB.AS drop around 9% after the Dutch industrial group reported FY results and announced flat 2025 revenue growth outlook

** FY EBITA came in at 471 million euros ($493.42 million), 2% ahead of consensus, as quoted by ING

** However, Degroof Petercam flags a larger-than-expected exceptional charge of 125 million euros, which hit H2

** "These results and this outlook are disappointing," the broker says, adding markets remain more challenging than expected

** It downgrades its rating on the stock to "hold" from "buy"

** If losses hold, shares will see their worst day since July 2024

($1 = 0.9546 euros)

 (Reporting by Clement Martinot)

 ((Clement.Martinot@thomsonreuters.com;))