Press release

publication full year results 2017

Highlights:

revenue +7% to EUR 2,694 million (organic +6%)
operating profit (EBITA) +13% to EUR 336 million; EBITA-margin improved to 12.5%
net profit before amortisation +12% to EUR 238 million; earnings per share EUR 2.15 (+12%)
free cash flow +13% to EUR 310 million; cash flow from operations +12% to EUR 427 million
return on capital employed (including goodwill) improved to 16.2%
many investments in organic growth and innovation initiatives
bolt-on acquisitions: VIN SERVICE and PNEUTEC

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28 February 2018 at 07:30

organic revenue growth +6%; net profit and earnings per share +12%

Wim Pelsma – CEO
"we delivered an excellent performance with 6% organic revenue growth, 13% ebita growth, an improved ebita-margin of 12.5% and a net profit and earnings per share increase of 12%. Besides this we invested in many organic growth and innovation initiatives to accelerate our business. These developments resulted in additional expenses to facilitate the growth for the coming years. Last years’ acquisitions were integrated well and our Operational Excellence programme was expanded. We further strengthened our market positions with two bolt-on acquisitions. In December 2017 we presented our updated Aalberts strategy ‘focused acceleration’ and objectives for the coming years. A cash dividend of EUR 0.65 per share (2016: EUR 0.58) will be proposed to the General Meeting, an increase of 12%."