03 March 2017
Aalberts Industries reached a long-term agreement with Key Account ASML, based in the Netherlands. The past 12 months teams of both companies worked on two big projects to intensify and expand the existing business partnership.
These projects are related to the newly developed EUV and the existing XT/NXT machine tool programs of ASML. Both projects will start in 2017 and generate significant additional annual revenue in our Semicon & Science end market.
The coming years Aalberts Nano Technology will invest approximately EUR 7 million in assembly, cleaning and testing equipment, clean room facilities, precision machining and tooling to ensure the quality, service and additional organic growth.
This will be done in our existing manufacturing locations in Nijmegen and ‘t Harde (the Netherlands) and Raunheim (Germany). Also the project management and engineering capacity will be strengthened in the existing location at the High Tech Campus in Eindhoven (the Netherlands).
Due to a combined offering of innovative technologies, Aalberts Nano Technology is able to deliver a better service to its Key Accounts and to create a more intensified partnership.
20 April 2017,
28 February 2017
Revenue +2% to EUR 2,522 million (organic +1.1%)
Operating profit (EBITA) +10% to EUR 298 million; EBITA-margin 11.8%
Net profit before amortisation +12% to EUR 212 million; Earnings per share EUR 1.92 (+12%)
Cash flow from operations +16% to EUR 383 million; Free cash flow +12% to EUR 273 million
Return on Capital Employed (ROCE) improved to 14.7% (2015: 14.3%)
Many organic growth and innovation initiatives; Capex EUR 106 million (2015: EUR 96 million)
Bolt-on acquisitions: Ushers, Schroeder, Tri-Went, Shurjoint and as of 2017 Vin Service
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29 November 2016
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of Shurjoint Piping Products USA, Inc., Haohan Metal (Kunshan) Co. Ltd. and Shurjoint Metals Inc. (‘Shurjoint’). Shurjoint is an innovative leader in the development, manufacturing, sales and distribution of grooved components for mechanical piping systems, generating an annual revenue of approximately USD 42 million.
Shurjoint was founded by Sam Wang and Howard Hagiya in 1974 in Taiwan. The company is based in Taiwan and China (ductile iron foundries, development & engineering, machining, assembly and coating) and North America (engineering, sales & distribution). Shurjoint has a complete portfolio of mechanical piping components with more than 3,000 items in sizes from 1/2” to 104”, for use with a variety of piping materials to connect mechanical piping systems in commercial buildings and many industrial applications.
Groove systems are a perfect strategic fit to the existing connection technology portfolio in our Building Installations business. It enables us to strengthen our project offering with a complete range of sizes, for all kind of end markets, for a variety of piping materials. This expanded connection programme will be combined with our valve portfolio, which offers many opportunities for growth and innovations.
The ductile iron foundries of Shurjoint will work closely together with our cast iron, stainless steel and bronze foundries in the USA. There are many opportunities to optimise the sourcing between the foundries and to utilise each other’s supplier network in North America, Taiwan and China.
Sam Wang and his family, including the second generation, will continue to lead the locations in Taiwan and China. They will work closely together with the North American manufacturing team of Building Installations. Mark Beach, based in Shurjoint USA, has more than 35 years of experience in sales and business development. Mark and the entire Shurjoint team will support us in the coming years to grow our sales and optimise our portfolio in Europe, North America, Middle East and Asia.
The results of Shurjoint will be consolidated with effective date of 1 October 2016 and after finalising all necessary formalities. The acquisition will directly contribute to the earnings per share and will be financed from existing credit facilities.
Please visit www.shurjoint.com for additional information.
04 November 2016
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of Vin Service srl (Vin Service ). The company, based in Zanica (Bergamo), Northern Italy, generates an annual revenue of approximately USD 30 million.Read more
28 July 2016
Revenue +2.5% to EUR 1,274 million (organic +1.2%)
Operating profit (EBITA) +12% to EUR 150.4 million; EBITA-margin 11.8%
Net profit before amortisation +15% to EUR 105 million; earnings per share EUR 0.95 (+15%)
Cash flow from operations +97% to EUR 93 million; ROCE improved to 14.0%
Strengthened market positions with three acquisitions: Ushers, Schroeder, Tri-Went
Divestment of one non-core activity
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19 April 2016
All agenda items approved. Highlights:
Dividend for 2015 set at EUR 0.52 in cash per share with a nominal value of EUR 0.25
Appointment of Mr P. Veenema as Supervisory Board member
At the General Meeting of Aalberts Industries N.V., held on 19 April 2016, the dividend for the financial year 2015 is set at EUR 0.52 per share with a nominal value of EUR 0.25 each. This dividend will be paid out on 19 May 2016 entirely in cash, after deduction of 15% dividend tax.
Appointment of Mr P. Veenema
The General Meeting agreed to appoint Mr P. Veenema for a period ending after the General Meeting in 2020.
Please visit www.aalberts.com/voting for more information.
08 March 2016
read more at aalberts.com/2015Read more
25 February 2016
Highlights Revenue +12% to EUR 2,475 million (organic +2%) Operating profit (EBITA) +10% to EUR 272 million; EBITA-margin 11.0% Net profit before amortisation +13% to EUR 190 million; earnings per share EUR 1.72 (+13%) Free cash flow +10% to EUR 243 million Strengthened market position Industrial Controls due to acquisition VENTREX Integration and optimisation of 2014 acquisitions proceeded well Dividend proposal +13% to EUR 0.52 in cash per share Download full press releaseRead more
16 February 2016
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of Schroeder Industries, Inc. (Schroeder). The company, based in San Antonio, Texas, USA, generates an annual revenue of approximately USD 13 million and strengthens our global position in the beverage dispense market, part of our Industrial Controls business.Read more
18 January 2016
Aalberts Industries N.V. has reached an agreement to acquire 100% of the shares of Ushers Machine & Tool Co., Inc. (Ushers) with locations in Round Lake, NY, Sunapee, NH and Greenville, SC. Ushers generates an annual revenue of approximately USD 40 million and will strengthen the position of Industrial Services in the power generation end market.Read more
22 October 2015
In the third quarter of 2015 both revenue and results increased compared to the same period in 2014 and organic growth was realised. We continued to focus our businesses on technologies with growth potential and improve our marketing and sales approach. The implementation of the Operational Excellence projects made good progress, driven by our improved business management structure. We successfully completed the acquisition of VENTREX with effect from 1 October 2015, directly contributing to the earnings per share.Read more