Corporate | 30 May 2008 10:31
INDUS Holding AG / Quarter Results
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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- Strong increase in first-quarter net profit
Bergisch Gladbach, 30 May 2008 – SDAX–listed INDUS Holding AG had a good
start to the 2008 financial year. 'Group sales matched the very high level
of the previous year and net profit for the first quarter increased
sharply,' said a very satisfied Helmut Ruwisch, CEO of the company. The
earnings figures underline the success of the optimisation and
rationalisation measures initiated at the portfolio companies.
In the first quarter of 2008, Group sales amounted to EUR 218.0 million
(previous year: EUR 220.5 million), while total output reached the previous
year’s level at EUR 225.1 million (previous year: EUR 225.3 million). As
the company was able to roll over the higher commodity and energy prices
into prices, the total cost of materials and personnel expenses remained
constant. At EUR 21.1 million, earnings before interest and taxes (EBIT)
exceeded the high level of the previous year’s first quarter (previous
year: EUR 20,7 million). Despite the somewhat lower financial result, which
was attributable to the IFRS-mandated non-cash adjustment of derivative
interest-hedging instruments, net profit for the first quarter improved
significantly due to the reduction in taxes payable. Net profit after
minority interests rose by 18.3 percent to EUR 8.4 million (previous year:
EUR 7.1 million). Overall, the quarterly figures were fully in line with
the budget.
In spite of the sometimes difficult conditions prevailing in the commodity
and capital markets, the Management Board confirmed the positive
projections for the full year. Based on the good operating performance of
the existing portfolio, sales and EBIT are projected to increase further.
'We will not only continue to optimise our portfolio companies with the aim
of achieving a sustainable improvement in margins, but also want to make
further acquisitions now that the valuations of small and medium-sized
manufacturing companies are returning to normal,' said Ruwisch, who
envisages an expansion of the portfolio. As a result of the strategic
restraint shown in recent years, INDUS is well positioned to seize
attractive opportunities in the equity investment market as soon as the
valuation multiples decline again.
30.05.2008 Financial News transmitted by DGAP
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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
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hamburg, München, Stuttgart
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