About us

The Aalberts way

Winning with people

Be an entrepreneur

We explore and make dreams happen. We adapt and innovate with a clear focus on our customers.

Take
ownership

We are responsible for achieving our own commitments.

Go for excellence

We are passionate, self-critical and persistent in everything we do. And we deliver results.

Share
and learn

We learn from each other by being professional and open-minded. We get better every day.

Act with integrity

We lead by example, act transparently and speak up.

Linked Strategy 2015-2018

Achieving sustainable, profitable growth

Focus
our approach

Achieving leading niche positions by focusing on businesses and technologies with sustainable profitable growth potential, delivering high added value for our customers

Improve defined
market positions

Accelerating organic growth, increasing game changing innovations and making selective acquisitions to strengthen our businesses and core technologies

Improve profitability continuously

Creating a passion for operational excellence to generate high operational profit margins and continuously convert our improved operational execution into more free cash flow

Use group
strengths

Exchanging manufacturing technology, innovations, working methods and know-how, utilising our global network of locations

Structure

Stimulating an entrepreneurial, active market approach



With almost 15,338 employees, Aalberts Industries operates from more than 200 locations in more than 30 countries.

The enterprise has an organisational structure in which group companies are responsible for the day-to-day business. Per business a business team is in place, working closely together with group companies and the headoffice. Our headoffice counts some 30 employees, including the Management Board.

The strategy is determined together with the business management teams and the headoffice. We strive to realise leading niche market positions in our businesses and core technologies to achieve sustainable profitable growth.

Management Board

Wim Pelsma

Wim Pelsma

CEO


John Eijgendaal

John Eijgendaal

CFO


Oliver Jäger

Oliver Jäger

Executive Director


Arno Monincx

Arno Monincx

Executive Director

Supervisory Board

Martin van Pernis

Chairman


Marjan Oudeman

Member


Piet Veenema

Member


Jan van der Zouw

Member

Key Figures 2016

Generating high-added-value margins

Revenue

(in EUR million)

2,025
2012
2,040
2013
2,201
2014
2,475
2015
2,522
2016
2,522
+2%

Operating profit
(EBITA)

(in EUR million)

219
2012
225
2013
247
2014
272
2015
298
2016
298
+10%

Net profit
(before amortisation)

(in EUR million)

152
2012
152
2013
168
2014
190
2015
212
2016
212
+12%

Earnings per share
(before amortisation)

(in EUR)

1.40
2012
1.38
2013
1.52
2014
1.72
2015
1.92
2016
1.92
+12%

Free cash flow

(in EUR million)

168
2012
175
2013
222
2014
243
2015
273
2016
273
+12%

Return on capital employed
(ROCE)

(in %)

14.7
2012
14.6
2013
14.1
2014
14.3
2015
14.7
2016
14.7
+3%

Show more figures

Global footprint

We operate from 211 locations in 34 countries

Objectives

Global technology company with clear growth drivers

Worldwide leading niche technology-end market positions
Worldwide leading niche technology-end market positions
in defined businesses with strong brand names serving a variety of global end markets
Creating sustainable profitable growth
Creating sustainable profitable growth
in earnings per share with a good spread in businesses, technologies, end markets and geographical regions with good growth potential
Generating high-added-value margins
Generating high-added-value margins
by driving our Operational Excellence programme, providing excellent services close to our customers and continuously driving innovations
Converting strong operational execution into free cash flow
Converting strong operational execution into free cash flow
to reinvest in selected businesses and technologies, with disciplined allocation of capital, to accelerate organic growth, innovations and acquisitions
Financial<br>objectives
Financial
objectives

Solvability  > 40%
Leverage ratio  < 2.5
EBITA margin  > 12%
Free cash flow conversion ratio  > 70%
ROCE  > 16%

Track record

Enhancing our technology portfolio since 1975

Founded in 1975

Jan Aalberts founds Mifa (aluminium precision extrusion) in Venlo NL

Total revenue in 1975
EUR 250 thousand

Foundation holding

Foundation of the holding company Aalberts Industries B.V.

Founded
Adex ('77)

Quotation Amsterdam Stock Exchange

Quotation at the Amsterdam Stock Exchange

Acquisitions
Germefa ('86)

Total revenue 1987
EUR 22 million

Entering new end markets

Start Industrial Services by acquiring BGT (surface treatment technology) in Eindhoven NL (name changed into AHC Benelux). First step on Building Installations end market by acquiring VSH in Hilversum in The Netherlands.

Acquisitions
Overeem ('88), Kluin ('91), VSH ('91), BGT ('91)

Total revenue 1991
EUR 90 million

 

Further expansion in Europe

Aalberts Industries acquires companies in Germany, Nordic and Russia.

Acquisitions
DSI ('92), Broen ('93), VTI ('93), Mamesta ('95)

Total revenue 1995
EUR 170 million

Aalberts Industries goes international

First steps in USA by founding Ionic and acquiring Taprite

Founded
Ionic ('98)

Acquisitions
Seppelfricke ('96), Härterei Hauck ('97), Nowak ('97), Simplex/Roßweiner Armaturen ('98), Taprite ('99), TTI ('99) Flow Control production in Eastern Europe (BROEN Poland)

Total revenue 1999
EUR 385 million

European leader connection technology

Aalberts Industries becomes Europe's biggest connection technology producer by acquiring Yorkshire Fittings GBR.

Acquisitions
Mogema ('00), HSF ('00), AHC ('01), Meibes ('01), Standard Hidraulica ('01), Acorn ('01), Meibes ('02), H&ST ('02), Traitesa ('02), Yorkshire Fittings ('02), Stålservice AB ('03)

Total revenue 2003
EUR 775 million

Stronger position in Aerospace end market

With acquisition of SGI and Accurate Brazing

Acquisitions
Raufoss Water & Gas ('04), Elkhart Products Corp. ('04), SGI ('05), Accurate Brazing Corporation ('05), Pegler Holdings Limited ('05), Hidroaplicaciones Group S.A ('05), Comap S.A. ('06), Holmgrens ('06), KAN ('07), LASCO Fittings ('07)

Total revenue 2007
EUR  1,707 million

Enhancement plastic technology and North America

By acquiring Henco Industries in Belgium and Conbraco Industries in North America.

Acquisitions
IDE ('08), Duralloy ('08), Cotterlaz ('08), Henco ('08), Zawgaz ('08), Conbraco ('10),  Lamers High Tech Systems ('11), DEC SA ('11), Galvanotechnik Baum ('11)

Total revenue 2011
EUR 1,937 million

Strengthening global footprint

With acquisition of Nexus Valve, Flamco and Impreglon.

Acquisitions
BSM Valves ('12), GF-Flamm-Metallspritz-GmbH ('13), GtO Slovakia ('13), Nexus Valve ('14), Flamco ('14), Impreglon ('14), VENTREX ('15)

Total revenue 2015
EUR 2,475 million

Futher strengthening focus end markets


Acquisitions
USHERS ('16), SCHROEDER ('16), TRI-WENT ('16), SHURJOINT ('16), VIN SERVICE ('17)

Total revenue 2016
EUR 2,522 million