Aalberts (AALB) Q2 2026 earnings summary

Executive summary

• Achieved 5.0% organic revenue growth year-over-year, with all three segments improving and semicon leading performance.

• EBITDA/EBITA margin improved to 14.4%, with all segments contributing to margin expansion.

• Portfolio rebalancing through acquisitions and divestments supported growth and profitability, with integration plans progressing well.

• Benefited from global trends: urbanization, technology acceleration, reshoring, and decarbonization, supporting long-term growth.

• Entered the second half with positive momentum and a strong order book, confident in delivering improved full-year results.

Financial highlights

• Revenue reached €1,560 million, with 5.0% organic growth year-over-year.

• EBITDA/EBITA was €225 million (14.4% margin), up €15 million year-over-year.

• Net profit increased to €158 million.

• Free cash flow before exceptionals improved to €89 million, with a conversion ratio of 29%.

• Earnings per share before amortisation rose to €1.47, up from €1.38.

Outlook and guidance

• Full-year outlook confirmed: expecting improved organic growth and EBITDA/EBITA margin versus last year.

• Building segment outlook remains mixed, with strength in the US and challenges in Europe and the Middle East.

• Industry and semicon segments expected to maintain strong momentum, benefiting from demand for advanced chips and aerospace growth.

• CapEx guidance for the year remains at €190 million, with higher spending expected in H2.

• Continued execution of the 'thrive 2030' strategy.