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Investing.com -- Aalberts N.V. on Thursday reported third-quarter EBITA of €96.3 million, a 10% decrease that was in line with consensus estimates of €97.0 million, as the company faced mixed performance across its business segments.
The industrial manufacturing company saw an organic revenue decline of 1.9% during the quarter, better than the consensus expectation of a 3.4% drop. The EBITA margin decreased by 120 basis points to 12.5%, slightly below consensus of 12.8%.
Performance varied significantly across Aalberts’ three main business segments. The Building segment, which represents 51% of revenues, posted organic revenue growth of 3.2%, outperforming consensus expectations of 1.2%.
This growth was driven by strong performance in the Americas, Middle East, and APAC regions, while European markets remained challenging. Despite the revenue growth, the segment’s EBITA margin fell 80 basis points to 10.8%, below consensus of 12.1%, due to pressure in connection systems.
The Industry segment, accounting for 34% of revenues, experienced an organic revenue decline of 1.1%, which was better than the consensus expectation of a 4.0% drop. The decline was primarily seen in automotive and machine build sectors. The segment maintained a stable EBITA margin of 17.7%, outperforming consensus of 16.5%, supported by cost-saving measures.
The Semiconductor segment, representing 16% of revenues, saw the steepest decline with organic revenues falling 17.8%, worse than the consensus estimate of 15.1%. This reflected lower demand in the sector, resulting in a 110 basis points lower EBITA margin at 13.2%, though this still exceeded consensus expectations of 12.6%.
For the full year 2025, Aalberts has revised its EBITA margin guidance downward to 13.0%, compared to its previous guidance of 13%-14% and below consensus expectations of 13.5%. This adjustment is likely to trigger low-single-digit downgrades to consensus EBIT forecasts, though these may be partially offset by better organic growth trends.
Aalberts’ long-term strategy, Thrive 2030, focuses on building leadership positions in its three end markets, targeting revenues exceeding €4.5 billion by 2030. The plan includes organic growth of more than 4% annually in Building and Industry segments, and over 10% in the Semiconductor segment.
The company also aims to pursue bolt-on acquisitions worth €200-250 million annually, potentially adding €800-1,000 million in revenues by 2030, partially offset by planned divestments of €400-500 million.
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