Aalberts: Jumps on "satisfactory" end-May results

Aalberts

23/06/2020 09:59

** Shares in Dutch industrial machinery and equipment group
Aalberts  AALB.AS  jump 7% after "satisfactory" end-May results
 urn:newsml:reuters.com:*:nFWN2DZ1BJ
    ** ING says it is comforting that order book at the end of
May was the same as in the previous year, despite a 12% drop in
revenues in the same period
    ** The broker is still cautious about the shape of economic
recovery but sees potential for an upgrade of its 2021-2022
margin forecasts if economic demand recovers in H2 and is back
to normal in 2021
    ** "EBITA margin could at least go back to the previously
reached levels," ING adds
    ** The stock is among top performers on the Amsterdam stock
exchange  .AAX  and is on track for its best day in three months
    

 ((charles.regnier@thomsonreuters.com))