ABOUT US

Culture

Being competitive in everything we do.
It is in our DNA.

Show culture

Strategy

The value creation for the end user is the driver for sustainable profitable growth. This is accelerated by cross-selling systems and technologies...

Show strategy

Structure

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

Show structure

Key Figures

Revenue EUR 2,201 mio, operating profit (EBITA) EUR 247 mio, earnings per share EUR 1.52...

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Innovation

We spend a lot of effort on market-oriented application knowledge, a complete portfolio...

Innovation

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

Culture

Being competitive in everything we do.
It is in our DNA.

Entre
preneur
ship

We build up dreams and make them happen

Drive for results

We are persistent in achieving our commitments

Energy

We show passion in every action

Leadership with integrity

We inspire people through leading by example

Continuous improvement

We learn and get better every day

Strategy

Achieving sustainable and profitable growth

Aalberts Industries wants to be a leading, innovative company, recognised by our customers because of our market-oriented application expertise, innovation speed, core technologies and combined (system) offerings.

The value creation for the end user is the driver for sustainable profitable growth. This process is accelerated by cross-selling of systems and technologies, operational excellence and growth initiatives, Key Account Management and sharing best practices, combined with our worldwide network of (production) locations.

We focus on achieving sustainable and profitable growth, both organically and through acquisitions and aim for a continued strengthening of our (leading) market positions and an improvement of the operating margin. The initiative for this strategy is driven by the holding company, assisted by the business management teams and group companies.

Structure

Organisational structure

Aalberts Industries, founded in 1975 and quoted on the stock exchange since March 1987, with some 14,300 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 enterpreneurial, 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

Member

Jan van der Zouw

Member

Key Figures

Revenue

(in EUR million)

1,683
2010
1,937
2011
2,025
2012
2,040
2013
2,201
2014

Operating profit (EBITA)

(in EUR million)

180
2010
209
2011
219
2012
225
2013
247
2014

Net profit per share before amortisation

(in EUR)

1.10
2010
1.36
2011
1.40
2012
1.38
2013
1.52
2014

Net profit before amortisation

(in EUR million)

117
2010
146
2011
152
2012
152
2013
168
2014

Free cash flow

(in EUR million)

177
2010
173
2011
150
2012
175
2013
222
2014

Capital employed

(in EUR million)

1,339
2010
1,464
2011
1,492
2012
1,535
2013
1,866
2014


Return on capital employed (ROCE)

(in %)

13.4
2010
14.3
2011
14.7
2012
14.6
2013
14.0
2014

Number of employees

(at end of period)

11,536
2010
12,282
2011
12,048
2012
12,311
2013
14,492
2014

Show more figures

Innovation

Innovation and technology development

​Aalberts Industries spends a lot of effort on market-oriented application knowledge, a complete portfolio in each of the four businesses, rapid innovation, combining technologies, and making use of joint market channels and Key Account Management.

Customers can always rely on us, anywhere in the world.

  • Defined businesses, markets and technologies
  • Leading position in technologies and applications
  • Competence centers, product line technology and R&D
  • Combined offering where possible (cross sales)
  • Innovation roadmap per core technology
  • Service oriented
  • Key Account Management
  • Exchange best practices


 

Innovation roadmap
Research & Development
Competence Centers

Growth to
leading
positions

Objectives

We endeavour to achieve stable growth that exceeds the market average.

In order to successfully implement the chosen strategy, available financing possibilities are constantly being optimised.

1. Leading business positions
1. Leading business positions

In many countries Aalberts Industries is market leader or well positioned.

We invest heavily in the development of leading business positions, core technologies, optimised pricing and world class competence centres.

2. Stable growth of earnings per share
2. Stable growth of earnings per share

Stable growth of average earnings per share over several years.

3. Sustainable profitable revenue growth
3. Sustainable profitable revenue growth

Leading market positions combined with the best possible pricings, high added-value and operating margins are essential to realise continuing growth of profits. This growth is achieved through organic growth, innovation and additional acquisitions

4. Improved Return On Capital Employed (ROCE)
4. Improved Return On Capital Employed (ROCE)

Optimised utilisation of capital employed with the highest return based on leading positions.

5. Well-balanced distribution of profit
5. Well-balanced distribution of profit

Aalberts Industries achieves a well-balanced distribution of profit across geographical markets, end markets and customers in order
to limit its dependence.
This spread of risks benefits
the company's continuity.

6. Solid balance sheet ratios
6. Solid balance sheet ratios

In order to successfully implement the strategy, available financing possibilities are constantly being optimised.

7. Financial objectives
7. Financial objectives

total equity amounting to
at least 40% of total assets
leverage ratio (net debt/EBITDA 12-months-rolling) no more than 2.5
return on capital employed (ROCE) of >16%

 

1. Leading business positions
1. Leading business positions

In many countries Aalberts Industries is market leader or well positioned.

We invest heavily in the development of leading business positions, core technologies, optimised pricing and world class competence centres.

2. Stable growth of earnings per share
2. Stable growth of earnings per share

Stable growth of average earnings per share over several years.

3. Sustainable profitable revenue growth
3. Sustainable profitable revenue growth

Leading market positions combined with the best possible pricings, high added-value and operating margins are essential to realise continuing growth of profits. This growth is achieved through organic growth, innovation and additional acquisitions

4. Improved Return On Capital Employed (ROCE)
4. Improved Return On Capital Employed (ROCE)

Optimised utilisation of capital employed with the highest return based on leading positions.

5. Well-balanced distribution of profit
5. Well-balanced distribution of profit

Aalberts Industries achieves a well-balanced distribution of profit across geographical markets, end markets and customers in order
to limit its dependence.
This spread of risks benefits
the company's continuity.

6. Solid balance sheet ratios
6. Solid balance sheet ratios

In order to successfully implement the strategy, available financing possibilities are constantly being optimised.

7. Financial objectives
7. Financial objectives

total equity amounting to
at least 40% of total assets
leverage ratio (net debt/EBITDA 12-months-rolling) no more than 2.5
return on capital employed (ROCE) of >16%

 

History

Founded in 1975
Founded in 1975

Jan Aalberts founds Mifa (aluminium precision extrusion) in Venlo NL, still part of Industrial Products.

Total revenue in 1975
EUR 250 thousand

’75
Foundation holding
Foundation holding

Foundation of the holding company Aalberts Industries B.V.

Acquisitions
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 acquiring Ionic and Taprite

Acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), Ionic ('98), 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 1,70 billion

’07
Aalberts Industries places important step in plastic systems
Aalberts Industries places important step in plastic systems

After acquiring LASCO Fittings in North America in 2007, Aalberts Industries acquires Henco Industries in Belgium.

Acquisitions
IDE ('08), Duralloy ('08), Cotterlaz ('08), Henco ('08), Zawgaz ('08)

Turnover in 2008
EUR 1,75 billion
 

’08
Aalberts Industries secures important strategic position in North America
Aalberts Industries secures important strategic position in North America

By acquiring Conbraco Industries in North America.

Acquisitions
Conbraco ('10),  Lamers High Tech Systems ('11), DEC SA ('11), Galvanotechnik Baum ('11)

Turnover in 2011
EUR 1,94 billion

’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)

Total revenue 2014
EUR 2,20 billion

’15
1975
1981
1987
1991
1995
1999
2003
2007
2008
2011
2015
Founded in 1975
Founded in 1975

Jan Aalberts founds Mifa (aluminium precision extrusion) in Venlo NL, still part of Industrial Products.

Total revenue in 1975
EUR 250 thousand

’75
Foundation holding
Foundation holding

Foundation of the holding company Aalberts Industries B.V.

Acquisitions
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 acquiring Ionic and Taprite

Acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), Ionic ('98), 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 1,70 billion

’07
Aalberts Industries places important step in plastic systems
Aalberts Industries places important step in plastic systems

After acquiring LASCO Fittings in North America in 2007, Aalberts Industries acquires Henco Industries in Belgium.

Acquisitions
IDE ('08), Duralloy ('08), Cotterlaz ('08), Henco ('08), Zawgaz ('08)

Turnover in 2008
EUR 1,75 billion
 

’08
Aalberts Industries secures important strategic position in North America
Aalberts Industries secures important strategic position in North America

By acquiring Conbraco Industries in North America.

Acquisitions
Conbraco ('10),  Lamers High Tech Systems ('11), DEC SA ('11), Galvanotechnik Baum ('11)

Turnover in 2011
EUR 1,94 billion

’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)

Total revenue 2014
EUR 2,20 billion

’15