Wim Pelsma, Chief Executive Officer Aalberts Industries said : "We have made good progress with the consistent implementation of our strategy and delivered a good performance with net profit of EUR 212 million, EUR 1.92 per share, an increase of 12%.
We increased our operating profit (EBITA) to EUR 298 million (11.8% of revenue), including additional investments in marketing & sales, innovations and greenfields. We achieved an organic revenue growth of 1.1%, despite difficult market conditions in several end markets and regions.
Our cash flow from operations improved to EUR 383 million, an increase of 16% compared to 2015.
We have driven forward many organic growth and innovation initiatives and continued to focus on technologies with growth potential. We strengthened our market positions with five bolt- on acquisitions, divested one activity and consistently executed the many Operational Excellence projects. A cash dividend of EUR 0.58 per share (2015: EUR 0.52) will be proposed to the General Meeting, an increase of 12%".
Financial results :
We will consistently execute our strategy and drive our many organic growth and innovation initiatives, execute the integration plans of the acquired businesses and further strengthen our defined market positions through additional bolt-on acquisitions. We expect to realise further sustainable profitable growth.
Aalberts Industries proposes to increase the cash dividend per ordinary share by 12% to EUR 0.58 (2015: EUR 0.52). This proposal will be submitted to the General Meeting to be held on 18 April 2017.
Source : Press Release Aalberts Industries NV, Langbroek, 28 February 2017
Wim Pelsma, Chief Executive Officer Aalberts Industries said : "We have made good progress with the implementation of our strategy and delivered a good performance with a net profit of EUR 190 million, EUR 1.72 per share, an increase of 13% compared to 2014.
Our operating profit (EBITA) increased by 10% to EUR 272 million, despite additional integration and restructuring costs during the year. Free cash flow improved with 10% to EUR 243 million. Our revenue increased by 12% to EUR 2,475 million, organic +2%, despite difficult market circumstances in some markets and regions.
We continued to focus our businesses on technologies with growth potential, improve our marketing and sales approach and consistently executed the many Operational Excellence projects. We allocated our capital thoroughly to accelerate organic growth and innovations, driven by our newly installed business management organisation.
Financial results :
The integration and optimisation of the 2014 acquisitions proceeded well and improvement plans are implemented with dedicated strengthened management teams. Furthermore our market position for high pressure regulators and valves in our Industrial Controls business was strengthened through the acquisition of VENTREX.
A cash dividend of EUR 0.52 per share (2014: EUR 0.46) will be proposed, an increase of 13%.”
Source : Press Release Aalberts Industries NV, Langbroek, 25 February 2016