Aankondiging • Mar 05
Ariston Holding N.V. announces Annual dividend, payable on May 20, 2026 Ariston Holding N.V. announced Annual dividend of EUR 0.1000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. Aankondiging • Dec 24
Ariston Holding N.V., Annual General Meeting, May 05, 2026 Ariston Holding N.V., Annual General Meeting, May 05, 2026. Aankondiging • Nov 06
Ariston Holding N.V. (BIT:ARIS) announces an Equity Buyback for 2,000,000 shares, for €16 million. Ariston Holding N.V. (BIT:ARIS) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, for €16 million. The program will be carried out in one or more tranches. The shares will be repurchased at a a minimum price, excluding expenses, of the nominal value of Ariston’s shares, and maximum price of €8.00 per share. The purpose of the plan is to meet the obligations arising from the long-term incentives plans. The plan will be valid till May 6, 2027. As of November 6, 2025, the company had 4,415,626 shares in treasury. Aankondiging • Apr 18
Ariston Holding N.V., Annual General Meeting, Jun 03, 2025 Ariston Holding N.V., Annual General Meeting, Jun 03, 2025, at 12:00 W. Europe Standard Time. Aankondiging • Mar 14
Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family. Ariston Holding N.V. (BIT:ARIS) acquired Ddr Heating, Inc. from family on March 12, 2025. On completion, The two founders of DDR will remain actively involved in the company’s integration and future growth, ensuring a smooth transition and continuity in leadership. With this acquisition, Ariston Group aims to accelerate DDR’s growth across North America, enhancing its go-to-market capabilities and integrating its technologies with Thermowatt’s expertise. For the period ending December 31, 2024, Ddr Heating, Inc. reported total revenue of $6 million.
Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Ddr Heating, Inc. from family on March 12, 2025. Aankondiging • Mar 06
Ariston Holding N.V. announces Annual dividend, payable on June 25, 2025 Ariston Holding N.V. announced Annual dividend of EUR 0.0800 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025. Aankondiging • Feb 18
Ariston Holding N.V. to Report Fiscal Year 2024 Results on Mar 05, 2025 Ariston Holding N.V. announced that they will report fiscal year 2024 results on Mar 05, 2025 Buy Or Sell Opportunity • Nov 15
Now 23% overvalued Over the last 90 days, the stock has fallen 1.7% to €3.71. The fair value is estimated to be €3.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to decline by 3.5% in 2 years. Earnings are forecast to grow by 133% in the next 2 years. Recent Insider Transactions • Oct 04
Executive Chairman recently bought €360k worth of stock On the 1st of October, Paolo Merloni bought around 82k shares on-market at roughly €4.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Paolo has been a buyer over the last 12 months, purchasing a net total of €1.3m worth in shares. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.48, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Building industry in Europe. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.90 per share. Reported Earnings • Aug 05
First half 2024 earnings released: €0.086 loss per share (vs €0.27 profit in 1H 2023) First half 2024 results: €0.086 loss per share (down from €0.27 profit in 1H 2023). Revenue: €1.30b (down 16% from 1H 2023). Net loss: €31.9m (down 131% from profit in 1H 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe. Recent Insider Transactions • Jun 28
Executive Chairman recently bought €293k worth of stock On the 25th of June, Paolo Merloni bought around 71k shares on-market at roughly €4.12 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €664k. This was Paolo's only on-market trade for the last 12 months. Buy Or Sell Opportunity • May 27
Now 23% overvalued Over the last 90 days, the stock has fallen 13% to €4.93. The fair value is estimated to be €4.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are also forecast to decline by 0.3% per annum over the same time period. Recent Insider Transactions • May 15
Non Executive Director recently bought €664k worth of stock On the 6th of May, Laurent Alexis Michel Jacquemin bought around 132k shares on-market at roughly €5.04 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €769k more in shares than they have sold in the last 12 months. Upcoming Dividend • May 13
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.7%). New Risk • May 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Mar 22
Now 27% overvalued Over the last 90 days, the stock has fallen 4.6% to €5.95. The fair value is estimated to be €4.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period. Board Change • Mar 12
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Maria Merloni is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 06
Ariston Holding N.V., Annual General Meeting, May 06, 2024 Ariston Holding N.V., Annual General Meeting, May 06, 2024. Agenda: To approve the annual report including, inter alia, the financial statements for the year ended 31 December 2023, the non-financial disclosure, the corporate governance report and the remuneration report. Reported Earnings • Mar 06
Full year 2023 earnings released Full year 2023 results: Revenue: €3.15b (up 30% from FY 2022). Net income: €191.2m (up 36% from FY 2022). Profit margin: 6.1% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Aankondiging • Mar 01
Ariston Holding N.V. to Report Fiscal Year 2023 Results on Mar 05, 2024 Ariston Holding N.V. announced that they will report fiscal year 2023 results on Mar 05, 2024 New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Aankondiging • Oct 31
Ariston Holding N.V. to Report Q3, 2023 Results on Nov 07, 2023 Ariston Holding N.V. announced that they will report Q3, 2023 results on Nov 07, 2023 Buying Opportunity • Oct 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be €6.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Recent Insider Transactions • Oct 09
CEO & Executive Director recently bought €305k worth of stock On the 5th of October, Maurizio Brusadelli bought around 50k shares on-market at roughly €6.10 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Maurizio's only on-market trade for the last 12 months. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Executive Director Maurizio Brusadelli was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Aug 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €8.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Aug 07
First half 2023 earnings released: EPS: €0.27 (vs €0.20 in 1H 2022) First half 2023 results: EPS: €0.27 (up from €0.20 in 1H 2022). Revenue: €1.55b (up 34% from 1H 2022). Net income: €101.6m (up 53% from 1H 2022). Profit margin: 6.5% (up from 5.7% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. New Risk • Aug 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Aankondiging • Aug 01
Ariston Holding N.V. to Report First Half, 2023 Results on Aug 03, 2023 Ariston Holding N.V. announced that they will report first half, 2023 results on Aug 03, 2023 New Risk • Jul 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 93% Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding). Upcoming Dividend • May 15
Upcoming dividend of €0.13 per share at 1.3% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 31% and the cash payout ratio is 89%. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Recent Insider Transactions • May 11
Executive Chairman recently bought €1.6m worth of stock On the 5th of May, Paolo Merloni bought around 157k shares on-market at roughly €10.13 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paolo's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €10.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €7.55 per share. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: €0.43 (vs €0.47 in FY 2021) Full year 2022 results: EPS: €0.43. Revenue: €2.42b (up 20% from FY 2021). Net income: €140.3m (up 2.8% from FY 2021). Profit margin: 5.8% (down from 6.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Aankondiging • Jan 03
Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV). Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) for approximately €1 billion on September 15, 2022. Under the terms of transaction, consider will be paid approximately €703 million in cash and approximately 41.4 million Ariston’s shares. In 2021, Centrotec Climate Systems reported net revenue of approximately €599 million and adjusted EBITDA of €84.8 million. The transaction is subject to the approval by the Company’s shareholders and certain authorizations by the competent authorities. The main shareholder of the Company, Merloni Holding S.p.A., has already committed itself to vote in favour of the Transaction, which is envisaged to be consummated by December 31, 2022 and is expected to close by December 31, 2022. CC&Soci and Goldman Sachs Bank Europe SE acted as financial advisors to Ariston. Pedersoli acted as lead counsel, Sandra Thiel, Christoph Holstein, Dimitri Slobodenjuk, Moritz Petersen, Stefan Simon, Christopher Fischer, Claudia Milbradt, Christian Keilich, Esther Giesbrecht of Clifford Chance and Houthoff respectively as legal advisors for German and Dutch law; KPMG for due diligence and Equita SIM as provider of the fairness opinion to Ariston’s Board of Directors. Dr. Kai Hasselbach, Dr. Max Alles, Sandra Jung, Victoria, Dr. Thomas Wessely, Amaryllis, Associate Klaus Kowalski, Dr. David Beutel and Dr. Martin Rehberg of Freshfields Bruckhaus Deringer Rechtsanwälte Steuerberater PartG mbB acted as legal advisor to Centrotec SE (HMSE:CEV).
Ariston Holding N.V. (BIT:ARIS) completed the acquisition of Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) on January 2, 2023. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Director Lorenzo Pozza was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2022 earnings released First half 2022 results: EPS: €0.20. Net income: €66.4m (up €66.4m from 1H 2021). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Aankondiging • Sep 16
Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV). Ariston Holding N.V. (BIT:ARIS) agreed to acquire Centrotec Climate Systems Gmbh from Centrotec SE (HMSE:CEV) on September 15, 2022. Under the terms of transaction, consider will be paid approximately €703 million in cash and approximately 41.4 million Ariston’s shares. In 2021, Centrotec Climate Syste ms reported net revenue of approximately €599 million and adjusted EBITDA of €84.8 million. The transaction is subject to the approval by the Company’s shareholders and certain authorizations by the competent authorities. The main shareholder of the Company, Merloni Holding S.p.A., has already committed itself to vote in favour of the Transaction, which is envisaged to be consummated by December 31st, 2022 and is expected to close by December 31, 2022. Ariston was advised by CC&Soci and Goldman Sachs Bank Europe SE as financial advisors; Pedersoli acted as lead counsel, Clifford Chance and Houthoff respectively as legal advisors for German and Dutch law; KPMG for due diligence and Equita SIM as provider of the fairness opinion to Ariston’s Board of Directors. Recent Insider Transactions • May 07
Executive Chairman recently bought €1.8m worth of stock On the 4th of May, Paolo Merloni bought around 176k shares on-market at roughly €10.25 per share. This was the largest purchase by an insider in the last 3 months. Paolo has been a buyer over the last 12 months, purchasing a net total of €135m worth in shares. Recent Insider Transactions • Mar 21
Executive Chair recently sold €2.0m worth of stock On the 17th of March, Paolo Merloni sold around 220k shares on-market at roughly €8.99 per share. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Paolo has been a buyer over the last 12 months, purchasing a net total of €133m worth of shares. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 19% share price gain to €9.69, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €10.07 per share. Board Change • Nov 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 11 non-independent directors. Non-Executive Director Lorenzo Pozza was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.