Ackermans & van Haaren NV

Ackermans & van Haaren NV

254.00
EUR
-6.80
(-2.61%)
9.25BMarket Cap
Feb 26Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
15.87
125.71
121.32
110.4
119.64
134.92
128.86
118
130.09
132.86
158.68
184.89
182.47
- -
Basic EPS, GAAP
8.87
6.45
8.58
6.77
9.13
8.74
11.92
6.93
12.27
21.39
12.13
14.07
18.14
- -
Free Cash Flow per Basic Share
10.9
10.12
3.19
13.31
16.55
12.93
2.46
10.58
13.96
6.1
5.63
33.66
16.4
- -
Dividend per Share
1.67
1.7
1.82
1.96
2.04
2.2
2.32
2.32
2.35
2.75
3.12
3.41
3.81
- -
Book Value per Share
67.94
71.52
78.56
83.84
89.7
95.78
104.31
107.44
119.37
139.65
150.25
161.58
174.45
180.58
Tangible Book Value per Share
54.42
58.3
63.77
68.5
73.73
80.21
90.47
93.15
104.97
126.46
136.83
148.16
161.21
167.48
Basic Weighted Avg Shares
33
33
33
33
33
33
33
33
33
33
33
33
33
33
Sales/Revenue/Turnover
526
4,164
4,019
3,659
3,965
4,472
4,270
3,910
4,312
4,401
5,222
6,043
5,962
- -
Operating Margin (%)
16.32
7.57
8.41
9.33
8.14
8.61
7.56
3.75
7.75
6.64
8.08
9.41
10.43
- -
Depreciation Expense
14
260
275
263
269
297
343
351
351
360
385
440
536
- -
Net Income, GAAP
294
214
284
224
303
290
395
230
407
709
399
460
593
- -
Effective Tax Rate (%)
5.69
21.23
19.77
13.02
11.12
14.05
10.73
14.41
13.43
9.23
16.81
18.95
17.74
- -
Profit Margin (%)
55.87
5.13
7.07
6.13
7.63
6.48
9.25
5.88
9.43
16.1
7.65
7.61
9.94
- -
Working Capital
-1,395
-1,185
-1,519
-1,932
-2,583
-2,976
-2,697
-2,756
-3,529
-3,050
-3,163
-2,576
-2,514
-2,583
LT Debt
1,971
2,129
2,119
2,118
2,043
2,009
2,686
2,976
2,105
2,497
2,392
2,565
2,967
2,735
Total Equity
3,277
3,469
3,816
3,916
4,195
4,358
4,682
4,782
5,235
6,002
6,377
6,816
7,320
7,555
Return on Invested Capital (%)
1.44
2.74
4.19
3.18
3.54
3.03
3.2
1.43
2.16
4
2.29
2.36
3.09
- -
Return on Capital (%)
3.23
1.49
1.75
1.25
1.76
1.5
2.51
1.61
2.32
4.33
2.19
2.24
2.63
- -
Return on Common Equity (%)
13.82
9.24
11.41
8.32
10.51
9.42
11.91
6.55
10.82
16.5
8.36
9.02
10.79
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
7,493
7,477
7,507
LT Borrowings
2,618
2,797
2,558
LT Finance Leases
170
171
177
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
7,116
7,542
9,251

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
7,675
8,127
8,049
Cash, Cash Equivalents & STI
3,770
2,196
4,205
Accounts Receivable, Net
910
983
959
Inventories
392
373
400
Total Current Liabilities
10,578
10,641
10,631
Payables & Accruals
- -
- -
- -
ST Debt
7,493
7,477
7,507
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.79%
8.93%
7.39%
Free Cash Flow
97.79%
82%
-51.28%
Net Income, GAAP
15.57%
30.32%
28.85%
Sales/Revenue/Turnover
4.46%
9.07%
-1.35%
Total Cash Common Dividend
7.61%
10.25%
11.8%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
6,043
2025
- -
- -
5,962
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
14.07
2025
- -
- -
18.14
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.41
2025
- -
- -
3.81
2026
- -
- -
- -

Company Description

CEO
Piet Dejonghe
Full Time Employees
24,931
Sector
Industrial services
Industry
Engineering & construction
Address
Begijnenvest 113 Antwerp BU Belgium 2000
IPO Date
Jun 20, 1984
Website
avh.be
Business
Ackermans & Van Haaren NV is a diversified Belgian investment group that engages in long-term strategic participations across multiple sectors including marine engineering and contracting; private banking; real estate and senior care; energy and resources; and growth capital. The group holds significant stakes in core subsidiaries such as DEME, a leading global dredging, marine construction, and environmental solutions provider involved in infrastructure projects, renewable energy, and deep-sea minerals; CFE, a Belgian construction group specializing in building, infrastructure, and real estate development; Delen Private Bank, one of Belgium's largest independent private asset managers offering discretionary portfolio management primarily to entrepreneurs and liberal professionals, alongside JM Finn in the UK; Bank Van Breda, a niche bank tailored for entrepreneurs, liberal professions, and health care professionals in Belgium; Nextensa, a listed integrated real estate developer and manager focused on residential, office, and retail properties; SIPEF, an agroindustrial company specializing in sustainable tropical agriculture, particularly palm oil and bananas across Asia, Africa, and South America; and various growth capital investments in family-controlled companies with high potential such as those in the AvH direct portfolio. Operations span globally with key activities in Europe, Asia, Africa, and other regions, targeting institutional, entrepreneurial, and private clients. Founded in 1876 and headquartered in Antwerp, Belgium, the company listed on Euronext Brussels is included in the BEL20 and DJ Stoxx 600 indices. Recent developments include participation in a STAR Capital-led consortium that completed the acquisition of V.Group, a global maritime services provider, in September 2024 to bolster marine-related growth; and the acquisition of a 40% stake in IQIP Holding, a Dutch pipeline solutions firm, from HAL Investments for EUR 100 million in March 2024, enhancing its energy and infrastructure exposure.

Company News

  • Ackermans & van Haaren: all items on the agenda of the ASM approved, incl. gross dividend of €4.60 per share

  • Ackermans & van Haaren (Trading Update Q1 2026): Strong start to the year of core participations. Confirmation of guidance.

  • Ackermans & van Haaren ends a successful year 2025 with a net profit of 593 million euros (+29%)

  • Ackermans & van Haaren Trading Update 3Q2025: Excellent results of core participations, FY2025 Outlook confirmed

  • Ackermans & van Haaren invests 22 million euros in VKC Nuts

  • Ackermans & van Haaren supports MRM Health's Series B financing round of 55 million euros

  • Ackermans & van Haaren commits 20 million US dollars to the second fund of Venturi Partners

  • Ackermans & van Haaren: First-Half 2025 Results

  • Ackermans & van Haaren: the General Shareholders' Meeting approves all proposed resolutions by a vast majority

  • Ackermans & van Haaren (Trading Update Q1 2025): AvH reports solid start to the year and confirms guidance

  • Ackermans & van Haaren: publication of a transparency notification

  • Ackermans & van Haaren grows net profit by 15% in 2024 to 460 million euros.

  • Ackermans & van Haaren Trading Update Q3 2024 - AvH is on track towards a net profit well above 400 million euros

  • Ackermans & van Haaren and the Delen family confirm their long-term partnership with updated shareholder arrangements in respect of Delen Private Bank and Bank J. Van Breda & Co

  • Ackermans & van Haaren invests an additional 5 million euros in Biotalys

  • Ackermans & van Haaren: Outstanding results in core participations result in a strong increase of AvH's net profit for 1H2024 to EUR 200 million (+17%)

  • Ackermans & van Haaren leads EUR 60 million Series B Financing Round for Confo Therapeutics, a Belgian clinical-stage biopharmaceutical company

  • Ackermans & van Haaren: the General Shareholders' Meeting approves all proposed resolutions by a large majority

  • Ackermans & van Haaren reports outstanding Q1-results at both DEME and at the private banks Delen and Van Breda, and gives confirmation of guidance: net profit of 2024 expected to be higher than last year

  • Ackermans & van Haaren realised a net profit of 399.2 million euros, thanks to a record performance of its core participations