ABOUT US

The Aalberts Way

Giving our multiple stakeholders the comfort that they can create value with us.

Show more

Linked Strategy

Achieving sustainable and profitable growth

Show strategy

Structure

To stimulate the entrepreneurial culture and active market approach, our structure...

Show structure

Key Figures

Revenue EUR 2,475 mio, operating profit (EBITA) EUR 272 mio, earnings per share EUR 1.72...

Show key figures

Objectives

Aalberts Industries endeavours to achieve stable growth...

See our objectives

History

Aalberts Industries, founded in 1975 and quoted on the stock exchange since March 1987...

’87 More historical facts

The Aalberts Way

The Aalberts Way.Winning with people.

BE AN
ENTREPRENEUR

We explore and make dreams happen. We adapt and innovate
with a clear focus on our customers.

TAKE
OWNERSHIP

We are responsible for achieving our own commitments.

GO FOR
EXCELLENCE

We are passionate, self-critical and persistent in everything we do.
And we deliver results.

SHARE AND
LEARN

We learn from each other by being professional and open-minded.
We get better every day.

ACT WITH
INTEGRITY

We lead by example, act transparently and speak up.

Linked Strategy

Achieving sustainable and profitable growth

Focus our approach
Improve defined market positions
Improve profitability continuously
Use group strenghts

Structure

Organisational structure

Aalberts Industries, founded in 1975 and quoted on the stock exchange since March 1987, with some 14,700 employees spread across four businesses, is active in more than 200 locations in more than 30 countries.

The enterprise has an organisational structure in which group companies are responsible for the day-to-day business. Per business a business team is in place which works closely together with group companies and the holding. The holding counts approximately 20 employees, including the management board.

The strategy is determined together with the business management teams and the holding company. We strive to realise leading market positions in our businesses and core technologies to achieve sustainable profitable growth.

We stimulate an entrepreneurial, active market approach.

Management Board

Wim Pelsma

Wim Pelsma

CEO

John Eijgendaal

John Eijgendaal

CFO

Oliver Jäger

Oliver Jäger

Executive Director

Supervisory Board

Henk Scheffers

Chairman

Martin van Pernis

Vice Chairman

Piet Veenema

Member

Jan van der Zouw

Member

Key Figures

Revenue

(in EUR million)

1,937
2011
2,025
2012
2,040
2013
2,201
2014
2,475
2015
2,475
+12%

Operating profit (EBITA)

(in EUR million)

209
2011
219
2012
225
2013
247
2014
272
2015
272
+10%

Net profit (before amortisation)

(in EUR million)

146
2011
152
2012
152
2013
168
2014
190
2015
190
+13%

Earnings per share (before amortisation)

(in EUR)

1.36
2011
1.40
2012
1.38
2013
1.52
2014
1.72
2015
1.72
+13%

Free cash flow

(in EUR million)

169
2011
168
2012
175
2013
222
2014
243
2015
243
+9%

Return on capital employed (ROCE)

(in %)

14.3
2011
14.7
2012
14.6
2013
14.1
2014
14.3
2015
14.3
+1%

Show more figures

Objectives

Building leading niche market positions
Building leading niche market positions

in the defined businesses and core technologies with strong brand names serving a variety of global end markets

Creating sustainable profitable growth
Creating sustainable profitable growth

in earnings per share with a good spread in businesses, technologies, end markets and geographical regions with good growth potential

Generating high-added-value margins
Generating high-added-value margins

by driving our Operational Excellence projects, providing excellent services close to our customers and continuously driving innovations

Converting strong operational execution into free cash flow
Converting strong operational execution into free cash flow

to reinvest in selected businesses and technologies, with disciplined allocation of capital, to accelerate organic growth, innovations and acquisitions

Financial objectives
Financial objectives

Solvability    > 40%
Leverage ratio    < 2.5
EBITA margin    > 12%
FCF conversion ratio    > 70%
ROCE    > 16%

History

Founded in 1975
Founded in 1975

Jan Aalberts founds Mifa (aluminium precision extrusion) in Venlo NL

Total revenue in 1975
EUR 250 thousand

’75
Foundation holding
Foundation holding

Foundation of the holding company Aalberts Industries B.V.

Founded
Adex ('77)

’81
Quotation at the Amsterdam Stock Exchange
Quotation at the Amsterdam Stock Exchange

Quotation at the Amsterdam Stock Exchange

Acquisitions
Germefa ('86)

Total revenue 1987
EUR 22 million

’87
First step Building Installations & start Industrial Services
First step Building Installations & start Industrial Services

Start Industrial Services by acquiring BGT (surface treatment) in Eindhoven NL (name changed into AHC Benelux). First step on Building Installations market by acquiring VSH in Hilversum in The Netherlands.
 
Acquisitions
Overeem ('88), Kluin ('91), VSH ('91), BGT ('91) 

Total revenue 1991
EUR 90 million

’91
Aalberts Industries expands in Europe
Aalberts Industries expands in Europe

Aalberts Industries acquires companies in Germany, Nordic and Russia.

Acquisitions
DSI ('92), Broen ('93), VTI ('93), Mamesta ('95)

Total revenue 1995
EUR 170 million

’95
Aalberts Industries goes international
Aalberts Industries goes international

First steps in USA by founding Ionic and acquiring Taprite

Founded
Ionic ('98)

Acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), Simplex/Roßweiner Armaturen ('98), Taprite ('99), TTI ('99) Flow Control production in Eastern Europe (BROEN Poland)

Total revenue1999
EUR 385 million

’99
Aalberts Industries becomes biggest fitting producer in Europe
Aalberts Industries becomes biggest fitting producer in Europe

Aalberts Industries becomes Europe's biggest fittings producer by acquiring Yorkshire Fittings GBR.

Acquisitions
Mogema ('00), HSF ('00), AHC ('01), Meibes ('01), Standard Hidraulica ('01), Acorn ('01), Meibes ('02), H&ST ('02), Traitesa ('02), Yorkshire Fittings ('02), Stålservice AB ('03)

Total revenue 2003
EUR 775 million

’03
Aalberts Industries claims position in Aerospace market
Aalberts Industries claims position in Aerospace market

With acquisition of SGI and Accurate Brazing

Acquisitions
Raufoss Water & Gas ('04), Elkhart Products Corp. ('04), SGI ('05), Accurate Brazing Corporation ('05), Pegler Holdings Limited ('05), Hidroaplicaciones Group S.A ('05), Comap S.A. ('06), Holmgrens ('06), KAN ('07), LASCO Fittings ('07)

Total revenue 2007
EUR  1,707 million

’07
Aalberts Industries secures important strategic position both plastic technology and North America
Aalberts Industries secures important strategic position both plastic technology and North America

By acquiring Henco Industries in Belgium and Conbraco Industries in North America.

Acquisitions
IDE ('08), Duralloy ('08), Cotterlaz ('08), Henco ('08), Zawgaz ('08), Conbraco ('10),  Lamers High Tech Systems ('11), DEC SA ('11), Galvanotechnik Baum ('11)

Turnover in 2011
EUR 1,937 million

’11
Global footprint Climate Control & Industrial Services
Global footprint Climate Control & Industrial Services

With acquisition of Nexus Valve, Flamco and Impreglon.

Acquisitions
BSM Valves ('12), GF-Flamm-Metallspritz-GmbH ('13), GtO Slovakia ('13), Nexus Valve ('14), Flamco ('14), Impreglon ('14), VENTREX ('15)

Total revenue 2015
EUR 2,475 million

’15
Strengthened positions in Power Generation and Beverage Dispense markets
Strengthened positions in Power Generation and Beverage Dispense markets

By acquiring Ushers and Schroeder in North America.

Acquisitions
USHERS ('16), SCHROEDER ('16)

Total revenue 2015
EUR 2,475 million

’16
1975
1981
1987
1991
1995
1999
2003
2007
2011
2015
2016
Founded in 1975
Founded in 1975

Jan Aalberts founds Mifa (aluminium precision extrusion) in Venlo NL

Total revenue in 1975
EUR 250 thousand

’75
Foundation holding
Foundation holding

Foundation of the holding company Aalberts Industries B.V.

Founded
Adex ('77)

’81
Quotation at the Amsterdam Stock Exchange
Quotation at the Amsterdam Stock Exchange

Quotation at the Amsterdam Stock Exchange

Acquisitions
Germefa ('86)

Total revenue 1987
EUR 22 million

’87
First step Building Installations & start Industrial Services
First step Building Installations & start Industrial Services

Start Industrial Services by acquiring BGT (surface treatment) in Eindhoven NL (name changed into AHC Benelux). First step on Building Installations market by acquiring VSH in Hilversum in The Netherlands.
 
Acquisitions
Overeem ('88), Kluin ('91), VSH ('91), BGT ('91) 

Total revenue 1991
EUR 90 million

’91
Aalberts Industries expands in Europe
Aalberts Industries expands in Europe

Aalberts Industries acquires companies in Germany, Nordic and Russia.

Acquisitions
DSI ('92), Broen ('93), VTI ('93), Mamesta ('95)

Total revenue 1995
EUR 170 million

’95
Aalberts Industries goes international
Aalberts Industries goes international

First steps in USA by founding Ionic and acquiring Taprite

Founded
Ionic ('98)

Acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), Simplex/Roßweiner Armaturen ('98), Taprite ('99), TTI ('99) Flow Control production in Eastern Europe (BROEN Poland)

Total revenue1999
EUR 385 million

’99
Aalberts Industries becomes biggest fitting producer in Europe
Aalberts Industries becomes biggest fitting producer in Europe

Aalberts Industries becomes Europe's biggest fittings producer by acquiring Yorkshire Fittings GBR.

Acquisitions
Mogema ('00), HSF ('00), AHC ('01), Meibes ('01), Standard Hidraulica ('01), Acorn ('01), Meibes ('02), H&ST ('02), Traitesa ('02), Yorkshire Fittings ('02), Stålservice AB ('03)

Total revenue 2003
EUR 775 million

’03
Aalberts Industries claims position in Aerospace market
Aalberts Industries claims position in Aerospace market

With acquisition of SGI and Accurate Brazing

Acquisitions
Raufoss Water & Gas ('04), Elkhart Products Corp. ('04), SGI ('05), Accurate Brazing Corporation ('05), Pegler Holdings Limited ('05), Hidroaplicaciones Group S.A ('05), Comap S.A. ('06), Holmgrens ('06), KAN ('07), LASCO Fittings ('07)

Total revenue 2007
EUR  1,707 million

’07
Aalberts Industries secures important strategic position both plastic technology and North America
Aalberts Industries secures important strategic position both plastic technology and North America

By acquiring Henco Industries in Belgium and Conbraco Industries in North America.

Acquisitions
IDE ('08), Duralloy ('08), Cotterlaz ('08), Henco ('08), Zawgaz ('08), Conbraco ('10),  Lamers High Tech Systems ('11), DEC SA ('11), Galvanotechnik Baum ('11)

Turnover in 2011
EUR 1,937 million

’11
Global footprint Climate Control & Industrial Services
Global footprint Climate Control & Industrial Services

With acquisition of Nexus Valve, Flamco and Impreglon.

Acquisitions
BSM Valves ('12), GF-Flamm-Metallspritz-GmbH ('13), GtO Slovakia ('13), Nexus Valve ('14), Flamco ('14), Impreglon ('14), VENTREX ('15)

Total revenue 2015
EUR 2,475 million

’15
Strengthened positions in Power Generation and Beverage Dispense markets
Strengthened positions in Power Generation and Beverage Dispense markets

By acquiring Ushers and Schroeder in North America.

Acquisitions
USHERS ('16), SCHROEDER ('16)

Total revenue 2015
EUR 2,475 million

’16