Aalberts N.V.: Aalberts realises 9% organic revenue growth and an EBITA margin of 15.5%

Aalberts

23/02/2023 06:30

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Utrecht, 23 February 2023 



highlights
* revenue EUR 3,230 million; organic growth 8.7%
* orderbook increased with 37%
* EBITA EUR 500 million; EBITA margin 15.5%
* net profit before amortisation EUR 372 million; per share EUR 3.37
* free cash flow EUR 168 million
* capital expenditure increased to EUR 203 million
* innovation rate increased to 17%; SDG rate to 68%
* acquisitions ISEL, UWS and KML; divestments ETI and VTI
 

CEO statement

“We delivered a strong and resilient performance in 2022. The ongoing
pandemic, supply chain challenges, raw material and labour shortages and
inflation were leading to inefficiencies, additional costs and a higher level
of inventory. Our Aalberts people did a great job in relentlessly finding
solutions to continue the service to our customers, delivering strong results
and driving the long-term business development plans.

Due to our unique positioning, continuous portfolio optimisations and ongoing
pricing initiatives we realised an added value margin of 62.4%. Our revenue
reached EUR 3,230 million with an organic revenue growth of 8.7%. We realised
an EBITA of EUR 500 million with an EBITA margin of 15.5%. Our net profit
before amortisation increased with 10% to EUR 372 million, per share EUR 3.37.
The orderbook increased with 37% compared to last year. Our innovation rate
increased to 17% and our SDG rate to 68%.

Capital expenditure increased to EUR 203 million (+38%) to drive long-term
organic revenue growth, innovations and operational excellence initiatives.
The portfolio further optimised with three acquisitions and two divestments.

Our operational excellence programme accelerated, further optimising our
structure and consolidating locations, driving our strategy and achieving our
objectives.”

 

dividend

To the General Meeting we propose a cash dividend of EUR 1.11 per share (2021:
EUR 1.01). An increase of 10% compared to last year.

outlook

In 2023, we started with a strong orderbook and will relentlessly execute our
strategy Aalberts ‘accelerates unique positioning’.

webcast

An audio webcast will take place on 23 February 2023, starting at 9:00 am CET.
The audio webcast and presentation can be accessed
via aalberts.com/webcast2022
(https://www.globenewswire.com/Tracker?data=jh8E1Mcp697rvEeEQA-cxWWQ_a1Xy4ZAajUWOtkV2kI8tPvZZBaiQeLWaLwLPL8vt2nabDdmSNnt50zA47CP_uaJwoLfPbiEILl5w3QInK5BCPD9_i4uJ91BKAmo0Qvz)

contact 
+31 (0)30 3079 301 (from 8:00 am CET) 
investors@aalberts.com



Attachment
*     full press release in pdf
(https://ml-eu.globenewswire.com/Resource/Download/9812b4f0-6ab1-451c-8f2b-7554a804ab33)