Corporate | 2 May 2007 11:27
INDUS Holding AG / Final Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
INDUS reports positive operating performance in 2006:
Substantial sales and earnings growth at Group
Bergisch Gladbach, May 2, 2007 - INDUS Holding AG, which is listed in the
SDAX index (ISIN DE0006200108), generated substantial sales and earnings
growth at the Group in the past 2006 financial year. 'Our operational
success in the past year was driven by our existing shareholdings, which
achieved significant sales and earnings growth', commented Helmut Ruwisch,
CEO of INDUS Holding AG, at the Annual Results Press Conference held today
in Düsseldorf.
Group reports considerable growth rates
The Group’s sales rose by 16.0 % to Euro 849.3 million (2005: Euro 731.9
million). EBITDA showed disproportionate growth of 18.3 % to reach Euro
145.5 million (2005: Euro 123.0 million). As a result of the goodwill
write-downs required, depreciation and amortization rose to Euro 61.2
million (2005: Euro 42.7 million). 'In view of the weak margin performance
and of the continuation in tough price pressure from large automotive
manufacturers and suppliers we have made corresponding adjustments to the
valuations of our shareholdings in the automobile industry segment in
particular', added Ruwisch. In spite of the increased volume of
depreciation and amortization, the Group nevertheless managed to increase
its EBIT by 5.0 % to Euro 84.3 million (2005: Euro 80.3 million). Net
financial expenses improved by Euro 13.2 million. This was due on the one
hand to the repayment of the syndicated loan and on the other to the
amendment in the accounting values of interest hedging instruments. This
amendment had resulted in an additional charge in 2005 and in income in
2006. The Group’s consolidated net income therefore rose by 34.7 % to Euro
29.1 million (2005: Euro 21.6 million).
Consistent dividend based on operating performance of holding company (AG)
At Euro 80.4 million, the income from shareholdings at the holding company
(AG) was slightly down on the previous year’s figure of Euro 84.4 million.
The company’s sales nevertheless rose as a result of an increase in the
volume of advisory services provided by the holding company to individual
shareholdings from Euro 3.2 million to Euro 7.2 million.
The annual results of the holding company are largely characterized by the
revaluation of financial assets already announced. The revaluation resulted
in non-cash amortization of Euro 86.6 million (2005: Euro 11.0 million).
This led to an annual net deficit of Euro 29.3 million (2005: annual net
surplus of Euro 52.7 million). Following the allocation from other revenue
reserves, the net earnings as reported in the balance sheet amount to Euro
22.3 million. 'We will be proposing an unchanged dividend of Euro 1.20 per
share for approval by our shareholders. We are therefore maintaining our
consistent dividend policy which, as in previous years, is based solely on
our operating performance', stated Ruwisch with regard to the appropriation
of profits proposed by the Management and Supervisory Boards.
Growth in sales and earnings expected in 2007
In the light of ongoing pleasing macroeconomic developments in Germany, the
Management Board of INDUS Holding AG expects sales to show further growth
to around Euro 890 million in the 2007 financial year and earnings to grow
at least in parallel. This growth is to be driven by the positive operating
performance of existing shareholdings, as well as by additional
acquisitions.
Michael Werneke
Haubrok Investor Relations GmbH
Kaistr. 16
40221 Düsseldorf
GERMANY
Tel: +49 211 30126-109
Fax: +49 211 30126-5109
E-Mail: M.Werneke@haubrok.de
www.haubrok.de
DGAP 02.05.2007
----------------------------------------------------------------------
Language: English
Issuer: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach Deutschland
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
www: www.indus.de
ISIN: DE0006200108
WKN: 620010
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin-Bremen, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------