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Aalberts N.V. (AALBF)

Other OTC - Other OTC Delayed price. Currency in USD
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55.400.00 (0.00%)
As of 3:30PM EDT. Market open.
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Previous close55.40
Open55.40
Bid0.00 x 0
Ask0.00 x 0
Day's range55.40 - 55.40
52-week range33.34 - 56.66
Volume3
Avg. volume418
Market cap6.126B
Beta (5Y monthly)1.80
PE ratio (TTM)44.04
EPS (TTM)1.26
Earnings dateN/A
Forward dividend & yield0.73 (1.32%)
Ex-dividend date01 Jun 2021
1y target estN/A
  • Globe Newswire

    Aalberts N.V.: Aalberts trading update - first four months 2021

    Utrecht, 11 May 2021 Aalberts made a good start of the year. In the first four months we realised an organic revenue growth of 15% compared to last year. The orderbook end of April was 30% higher than last year. Activities in our eco-friendly buildings end market did very well in all regions. Several growth drivers are contributing to this good performance. First, the market recovery and the restocking of the distribution channels after the COVID-19 impact last year. Secondly, end users are investing more in renovation and upgrading of residential housing. Thirdly, our innovations launched the last years are driving our growth, such as the expansion of our offering of connection and valve technology and our hydronic flow control solutions in combination with digital services. This is accelerated by governmental support programmes stimulating building efficiency and the transition towards sustainable heating and cooling systems. In the semicon efficiency end market we again realised a strong growth and performance in the first four months of the year. Long-term growth drivers are strong microchip demand for computer logic and storage, e-mobility developments, investments in new fabs and 5G roll-out. Based on these growth drivers, the existing orderbook and discussions with our key accounts we expect a strong growth for this year and the years ahead. We are in the process of preparing further expansions in all our locations. In parallel, we are recruiting additional engineers to facilitate the requests for many new co-developments. Our activities in the sustainable transportation end market showed a strong recovery driven by more customer demand, restocking of the supply chain and new technology developments in the electrification of vehicles, such as new and higher specifications for surface technologies for lightweight materials in combination with precision manufactured parts. Our sustainable fluid control solutions for climate systems in passenger cars showed a strong growth. In the aerospace market we see a slight recovery of order intake. In the end market for industrial niches our orderbook increased the last months and we expect a further increase towards the second half of the year. First signs of recovery within beverage dispense are visible. So far, we have no severe issues with raw material shortages. Our business teams are managing the local situation with their suppliers. In the first four months of the year we evaluated the business development and innovation roadmaps with our business teams and accelerated and expanded the existing projects and initiated additional developments. To facilitate these growth plans our capital expenditure for this year and the coming years will increase. The strategic restructuring and inventory reduction projects made good progress and are on track. Our goal is to evolve faster into an even stronger and better Aalberts, realising our strategic objectives. contact+31 (0)30 3079 301 (from 8:00 am CEST)investors@aalberts.com regulated informationThis press release contains information that qualifies or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Attachment press release in pdf

  • Globe Newswire

    Aalberts N.V.: Aalberts strengthens hydronic flow control position in eco-friendly buildings

    Utrecht, 15 April 2021 Aalberts N.V. has reached an agreement to acquire 100% of the shares of Sentinel Performance Solutions Group Limited (Sentinel) based in Daresbury (UK), generating an annual revenue of approximately GBP 20 million with 60 FTE. Sentinel is specialised in the cleaning, protecting and maintenance of heating and cooling systems in eco-friendly buildings through the optimisation of water quality. The Sentinel portfolio of additives, filters, and scale protection ensures optimum temperature transfer to all applicable parts in heating and cooling systems. This contributes significantly to energy savings, improves the system performance and extends the lifetime. The Sentinel product range will further strengthen the existing portfolio of Aalberts hydronic flow control, offering integrated solutions to increase the energy efficiency of heating and cooling systems in eco-friendly buildings from source to emitter. The strong sales organisation of Aalberts hydronic flow control will drive the growth of Sentinel’s product range in regions and segments where Sentinel is not yet active. Utilising the combined strength and knowledge of our teams will result in a long-term innovation roadmap, aimed at driving significant future growth in improving the energy efficiency of heating and cooling systems for our end users. The digital services developed by Aalberts in recent years, will be part of this roadmap. The experienced management team of Sentinel, led by David Barrett, will continue to manage the company. Sentinel will become the competence centre of water quality within Aalberts hydronic flow control, including the existing water quality activities of Aalberts hydronic flow control in France. Sentinel’s base location in Daresbury (UK) will utilise the resources of Aalberts hydronic flow control in St Helens (UK) to facilitate future growth. The results of Sentinel will be consolidated as of 1 May 2021. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities. Please visit www.sentinelprotects.com for additional information. contact +31 (0)30 3079 301 (from 8:00 am CEST) investors@aalberts.com Attachment press release in pdf