publication full year results 2003

Aalberts posts 14% rise in net profit, strong balance sheet

highlights

• net profit up by 14% to eur 53.7 million
• net earnings per ordinary share rose by 5% to eur 2.26
• cash flow from operations up 20% to eur 144.1 million
• growth in turnover by 11% to eur 784.6 million
• significant reduction in interest-bearing debts
• capital base advances to 32.7% of total assets
• further enlargement in European network for Material Technology
• position in European Flow Control market expanded