Aalberts N.V.: Aalberts trading update - first four months 2021
May 11 2021 - 1:30AM
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
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