Aalberts Indus Nv Ord (AALBF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for joining us today. It's my pleasure to welcome you with Albert's first half 2024 presentation. My name is Rutger Roker, Director, Investor Relations. This morning, we published our interim results. We delivered a 15% EBITDA margin in challenging markets. Together with our CEO, Stefan Simonetta, and our CFO, Arno Monings, We will look back to the first half of 2024, and we will look forward to the second half 2024. Stefan will kick off the presentation with some key highlights. This will be followed by Arno, who will give a financial update. Stefan will then share our strategic priorities and outlook. After the presentation, We will give you the opportunity to engage directly with us in the Q&A session. Your questions and feedback are very important to us, and we encourage you to participate. Later today, we will make both the presentation and the recording of this webcast available on our website. Please welcome Stefan Simonetta to begin our presentation. Thank you, Rutger. Good morning, everyone. So the first six months of the year have been challenging as we saw lower activity at our customer, especially Edwin in building technology. But we have improved thanks to the work of our teams to improve our added value margins and we improve our profitability in our industrial technology segments. As a whole, we are delivering 15% EBITDA margin, thanks to our cost-saving and robust price level. And as you see on this slide, that are the key highlights about our first-half performance, with an organic growth at minus 3.9%, with an EBITDA at 15% of 242 million, and an added value at 63.8, which has improved, as Arnaud will explain later, in both actually our segment compared to last year. As we always do, we are adjusting our...