publication full year results 2021

CEO statement

“We delivered a strong performance in 2021. Our Aalberts people did a great job in continuing operations in a safe way, despite an ongoing pandemic, supply chain challenges, raw material and labour shortages and inflation. We realised an added value margin of 62.2%. Our revenue reached EUR 2,979 million with an organic revenue growth of 16.0%. We realised an EBITA of EUR 454 million with an EBITA margin of 15.2%. Our net profit before amortisation increased with 69% to EUR 337 million, per share EUR 3.05. Additionally, an exceptional EBITA benefit of EUR 100 million was realised. We accelerated our organic revenue growth initiatives, capital expenditure increased to EUR 147 million and will further increase coming years. The portfolio was further optimised with two acquisitions and three divestments. In December we presented our updated strategy Aalberts ‘accelerates unique positioning’, including an action plan for 2022-2026 and updated objectives during a virtual Capital Markets Day.”

dividend
To the General Meeting we propose a cash dividend of EUR 1.01 per share (2020: EUR 0.60), an increase of 68% and a special cash dividend of EUR 0.64 per share, due to the exceptional EBITA benefit.

outlook
In 2022, we started with a strong orderbook and will relentlessly execute our updated strategy Aalberts ‘accelerates unique positioning’.