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Aalberts NV
Earnings Release • May 2, 2025
3799_iss_2025-05-02_315360d2-d55d-4539-97c2-2ca65114d5ef.pdf
Earnings Release
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Aalberts reports first quarter 2025 results
In the first quarter Aalberts realised EUR 778.3 million revenue, which translates into 3.3% organic revenue decline compared to the first quarter of last year. We realised EUR 105.7 million EBITA or 13.6% EBITA margin.
In challenging market environments, we continued our focus on cost out and inventory optimisation initiatives. The added value margin remained on a good level. Thanks to our local footprint, supply chain and pricing excellence, we did not see a material direct impact of tariffs. We continue to closely monitor the potential indirect impact.
Regarding the outlook, the tariff and trade policies have created new challenges and market uncertainties. It is too early to determine the effects on our end markets.
We continue to deploy our 'thrive 2030' strategic actions: drive organic growth, optimise portfolio with leadership positions, enhance the Aalberts way and deliver sustainable commitments.
Stéphane Simonetta, CEO of Aalberts commented: "I am pleased with the first signals of improved performance in our building segment. In our industry segment as expected the activity continued to be at a low level and actions are in place to sustain our margins. In our semicon segment we continued to see inventory adjustments from our customers. We focus on actions to protect our EBITA margin and optimise our free cash flow."
key figures
| in EUR million (before exceptionals) |
1Q25 | 1Q24 | delta |
|---|---|---|---|
| revenue | 778.3 | 810.1 | (31.8) |
| organic revenue growth (%) | (3.3) | (5.1) | 1.8 |
| EBITA | 105.7 | 115.0 | (9.3) |
| EBITA margin (%) | 13.6 | 14.2 | (0.6) |
Used alternative performance measures are explained on page 2.
share buyback
In the first quarter, a cumulative total of 686,810 shares was repurchased under the share buyback programme for a total consideration of EUR 22,796,477. Visit aalberts.com/sbb for the weekly progress overview.
quarterly results
| in EUR million (before exceptionals) |
1Q25 | 1Q24 | delta | In industry we report an organic revenue decline of 6.9%. Profitability |
|---|---|---|---|---|
| Aalberts | decreased to 16.3% EBITA margin. Actions are in progress to sustain |
|||
| revenue (in EUR million) | 778.3 | 810.1 | (31.8) | high level margins. Automotive and machine build remained at a low |
| organic revenue growth (%) | (3.3) | (5.1) | 1.8 | level. German and French markets remained challenging. Our |
| EBITA (in EUR million) | 105.7 | 115.0 | (9.3) | business in aerospace, maritime, power generation and defence |
| EBITA margin (%) | 13.6 | 14.2 | (0.6) | continued to grow. The integration of last year's acquired SGP is well on track and is contributing positively. |
| building | ||||
| revenue (in EUR million) | 408.5 | 412.7 | (4.2) | In semicon we report an organic revenue decline of 11.3%, due to |
| organic revenue growth (%) | 1.7 | (8.8) | 10.5 | ongoing inventory adjustments from our customers. Profitability |
| EBITA (in EUR million) | 54.0 | 49.9 | 4.1 | decreased to 10.0% EBITA margin. Actions are in place to improve |
| EBITA margin (%) | 13.2 | 12.1 | 1.1 | margins and respond to short-term market uncertainties. The mid |
| and long-term fundamentals of semicon remain attractive, driven by |
||||
| industry | advancements in AI technologies. | |||
| revenue (in EUR million) | 262.6 | 276.1 | (13.5) | |
| organic revenue growth (%) | (6.9) | (6.1) | (0.8) | |
| EBITA (in EUR million) | 42.8 | 50.4 | (7.6) | contact |
| EBITA margin (%) | 16.3 | 18.2 | (1.9) | |
| +31 (0)30 3079 302 (from 8:00 am CEST) | ||||
| semicon | [email protected] | |||
| revenue (in EUR million) | 111.6 | 125.8 | (14.2) | |
| organic revenue growth (%) | (11.3) | 12.6 | (23.9) | alternative performance measures |
| EBITA (in EUR million) | 11.1 | 18.0 | (6.9) | This press release includes certain alternative performance measures that are not defined by generally |
| EBITA margin (%) | 10.0 | 14.4 | (4.4) | accepted accounting principles (GAAP). These measures are useful to investors, providing a basis for |
segment comments
In building we report an organic revenue growth of 1.7%. Profitability improved to 13.2% EBITA margin, driven by our operational excellence initiatives. America, the Middle East, and APAC experienced growth. Europe showed a mixed picture with growth in the Netherlands, United Kingdom and Eastern Europe whereas Germany and France remained challenging. We continue to see growth in our valves, prefabricated and data centre solutions.
contact
alternative performance measures
This press release includes certain alternative performance measures that are not defined by generally accepted accounting principles (GAAP). These measures are useful to investors, providing a basis for measuring Aalberts' operating performance.
Aalberts' management uses these financial measures, together with GAAP financial measures, in evaluating the business performance. Alternative performance (non–GAAP) measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with GAAP. This press release does not replace (and should be read in conjunction with) Aalberts' financial statements.
o organic revenue growth (%): revenue growth adjusted for acquired and disposed revenues and currency impact. EBITA: earnings before finance cost, income taxes and amortisation. EBITA margin (%): EBITA as a percentage of revenue.
regulated information
This 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.