Brief: Aalberts Says End-May Order Book Same Level As Last Year

Aalberts

23/06/2020 06:47

June 23 (Reuters) - Aalberts NV  AALB.AS :
    * AALBERTS TRADING UPDATE
    * FROM LAST WEEKS OF MAY ONWARDS WE SEE AN INCREASE IN OUR
ORDER
INTAKE AND SALES
    * AALBERTS FACED A LIMITED NUMBER OF COVID-19 INFECTIONS
TILL NOW
    * MOST CUSTOMER SITES REOPENED BEGINNING OF MAY
    * IN FIRST FIVE MONTHS OF YEAR ORGANIC REVENUE DECLINED WITH
12%
COMPARED TO LAST YEAR, DUE TO COVID-19
    * MANY PROJECTS WERE INITIATED TO REDUCE OUR STRUCTURAL
COSTS AND
NET WORKING CAPITAL, WHICH WILL LEAD TO ONE-OFF REDUNDANCY COSTS
DURING 2020
    * OUR ORDERBOOK END OF MAY WAS AT THE SAME LEVEL AS LAST
YEAR
    * WE CONTINUED OUR CAPITAL INVESTMENTS IN NEW TECHNOLOGIES,
REDUCED OUR CAPACITY EXPANSIONS AND POSTPONED OUR BUILDING
EXPANSIONS
    * EFFECT OF THESE ACTIONS WILL PARTLY BENEFIT 2H2020 AND
FULLY
FY2021, TO BE EXPLAINED IN OUR 1H2020 INTERIM RESULTS

Source text for Eikon:  ID:nGNE6qWMw4 
Further company coverage:  AALB.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))