Brief: Aalberts Targets 16-18% EBITDA Margin For Period 2022-26

Aalberts

02/12/2021 06:47

Dec 2 (Reuters) - AALBERTS NV  AALB.AS :
    * STRATEGIC ACTIONS 2022-2026: INCREASE ORGANIC REVENUE
GROWTH TO
4-6% ANNUALLY
    * AN ADDITIONAL OPERATIONAL EXCELLENCE PROGRAMME WILL BE
STARTED,
INCLUDING FURTHER CONSOLIDATION AND REDUCTION OF LOCATIONS FROM
135 (END OF 2021) TO 108 (END OF 2026), EXCLUDING ACQUISITIONS
    * WILL FOCUS ON 4 TECHNOLOGY CLUSTERS WITH HIGH GROWTH
POTENTIAL
AND SUSTAINABLE IMPACT IN ECO-FRIENDLY BUILDINGS, SEMICON
EFFICIENCY, SUSTAINABLE TRANSPORTATION AND INDUSTRIAL NICHES
    * STRATEGIC ACTIONS 2022-2026: ADDITIONAL DIVESTMENT
PROGRAMME EUR
250-300 MILLION REVENUE
    * STRATEGIC ACTIONS 2022-2026: INCREASE CAPITAL EXPENDITURE
TO EUR
200-250 MILLION PER YEAR
    * STRATEGIC ACTIONS 2022-2026: BOLT-ON ACQUISITIONS EUR
250-500
MILLION REVENUE
    * STRATEGIC ACTIONS 2022-2026: INCREASE SDG IMPACT, NET ZERO
CARBON IN 2050 OR EARLIER
    * OUR SDG IMPACT INCREASES TO MORE THAN 70% OF REVENUE IN
2026 AND
WE COMMIT TO BE NET ZERO CARBON IN 2050 OR EARLIER
    * STRATEGIC ACTIONS 2022-2026: CAPITAL EXPENDITURE INCREASES
TO
EUR 200-250 MILLION PER YEAR, INNOVATION EXPENDITURE INCREASES
TO MORE THAN 5% OF TOTAL REVENUE
    * ADDITIONAL OPERATIONAL EXCELLENCE PROGRAMME WILL BE
STARTED,
INCLUDING FURTHER CONSOLIDATION AND REDUCTION OF OUR LOCATIONS
FROM 135 (END OF 2021) TO 108 (END OF 2026), EXCLUDING
ACQUISITIONS
    * THIS PROGRAMME WILL LEAD TO A ONE-OFF EXCEPTIONAL COST IN
2021
OF APPROX. EUR 50 MILLION, FUNDED BY EXCEPTIONAL DISPOSAL
BENEFITS, WITH AN ANNUAL BENEFIT OF APPROX. EUR 25 MILLION,
PARTLY IN 2021 AND MAINLY IN COMING THREE YEARS
    * OBJECTIVES 2022-2026: EBITA MARGIN 16-18% OF REVENUE

Source text for Eikon:  ID:nGNXbWG12T 
Further company coverage:  AALB.AS 

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