Aalberts shares fall around 4% on revenue decline

Aalberts

22/05/2024 08:30

** Shares in Aalberts  AALB.AS  fall around 4% after the
industrial engineering group reported a 2.6% revenue decline in
the first four months of 2024
    ** This reflects weak demand, which was expected, Degroof
Petercam says 
    ** "We expect to trim our 2024 estimates to reflect the
lower growth in industrial at the start of the year" it adds
    ** Aalberts' shares are on track for their worst single day
performance since October 2023, if the losses hold

 (Reporting by Gaëlle Sheehan; Editing by Alexander Smith)
 ((gaelle.sheehan@thomsonreuters.com; +48 58 7785110;))