Aalberts jumps on 'strong' H1 and potential new targets

Aalberts

22/07/2021 10:05

** Shares in Aalberts  AALB.AS  jump 5% after the Dutch
industrial machinery and equipment group reported higher H1 net
profit and revenue
    ** The stock is on track for its best day since Jan. 20,
when it closed 5.2% up 
    ** The group's revenue is up at 1.51 billion euros, with an
organic revenue growth of 20.1%. Its reported net profit for the
period, before amortisation, rose 97% to 169 million euros
    ** ING analysts expect shares to move higher on "very
strong" results, but also point to the company's plan to hold a
CMD in December, which they believe will fuel speculation about
a new set of financial targets, including a higher EBITA margin
target
    

 (Reporting by Lucinda Langlands-Perry)
 ((Lucinda.Langlands-Perry@thomsonreuters.com))