Aalberts First Half 2024 Earnings: In Line With Expectations

Aalberts (AMS:AALB) First Half 2024 Results

Key Financial Results

• Revenue: €1.62b (down 5.7% from 1H 2023).
• Net income: €149.2m (down 6.7% from 1H 2023).
• Profit margin: 9.2% (down from 9.3% in 1H 2023). The decrease in margin was driven by lower revenue.
• EPS: €1.35 (down from €1.45 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Aalberts Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 12% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Aalberts that we have uncovered.

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