Aliaxis reports a solid performance in 2023 first-half results despite challenging market conditions
Revenue of €2.1 billion, a like-for-like1 decrease of 5.7% vs H1 2022 and increase of 13.1% vs H1 2021
Recurring EBITDA2 of €340.1million, decrease of 18.4% as reported, a decrease of 16.4% on a like-for-like basis vs H1 2022 and a decrease of 4.0% vs H1 2021
Net profit of €220.3 million, including a net accounting gain of €72 million on shares in Uponor, down 0.4% vs H1 2022 and up 26.3% vs H1 2021
Strategic acquisitions of Valencia Pipe Company, expanding our presence in the Western United States, Zypho in Europe, at the forefront of drain water heat recovery solutions, and Comspec, a recycling specialist in New Zealand
Our revenue was €2.1 billion, down 5.7% on the outstanding first half of 2022, but remaining up 13.1% against H1 2021. Our Recurring EBITDA margin was 16.2%, down 2.5 p.p. since the prior period (0.6 p.p compared to full year 2022),
