Ackermans & van Haaren Confirms 2026 Forecasts After Solid Start to the Year
Ackermans & van Haaren released its first quarter 2026 trading update, marked by a strong start for its key holdings. The Belgian group confirms that its 2026 net profit is expected to be broadly in line with the record result of 2025. As of March 31, its net cash position remained positive at 410.8 million euros, compared to 428.9 million euros at the end of 2025.
Key Holdings Show Positive Trends in First Quarter
Ackermans & van Haaren highlights a strong start to the year for several of its key holdings. DEME, 62% owned, reported consolidated revenue of 1.016 billion euros in the first quarter of 2026, up 2% year-on-year. Its order book remained at a high level, at 7.4 billion euros, compared to 7.6 billion euros at the end of 2025. The dredging and marine engineering group reaffirmed its forecasts for 2026, aiming for revenue and EBITDA margin in line with 2025.
Private Banking Holds Up Despite Unfavorable Markets
In private banking, the combined entrusted assets of Delen Private Bank and Banque Van Breda reached 86.4 billion euros at the end of March 2026. This amount has slightly decreased from the record at the end of 2025, due to unfavorable financial markets, but remains up 13% compared to the first quarter of 2025. Both banks recorded positive net inflows during the period, despite an environment marked by geopolitical tensions, trade disputes, and market volatility.
Nextensa and SIPEF Also Contribute to the Momentum
In real estate, Nextensa, 69% owned, reported a net group share result of 9.6 million euros in the first quarter, up from 7.8 million euros a year earlier. The company also strengthened its balance sheet, with a net financial position improved to -571.8 million euros from -592.8 million euros at the end of 2025, and a debt ratio reduced from 38.80% to 37.69%. Notably, Nextensa finalized the sale of the Gewerbepark Stadlau commercial park in Vienna for a net amount of 35.45 million euros.
