Corporate | 3 March 2009 10:59
INDUS Holding AG / Preliminary 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.
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Bergisch Gladbach, March 3, 2009 - Based on preliminary figures,
SDAX-listed INDUS Holding AG expects to report FY 2008 sales slightly above
the prior-year level of approximately EUR 940 million. 'Our subsidiaries
performed ahead of targets planned until into October. The business trend
then weakened in November and December, turning what would have been a very
good year into a normal year,' said Helmut Ruwisch, who was satisfied with
the business performance shown in 2008. Earnings before interest, taxes and
depreciation (EBITDA) are expected to come in slightly below the previous
year's level due to the weakening in the fourth quarter. Cash holdings of
around EUR 85 million as at December 31, 2008 make for a comfortable
liquidity position.
While broad diversification provides a superior cushion against cyclical
fluctuations, the company is implementing a catalogue of measures at the
operational level in order to alleviate the impact of the generally
sluggish economy. 'This starting situation as well as our current cash
position in excess of EUR 100 million provide the basis for capitalising on
attractive opportunities in the investment market,' said Helmut Ruwisch.
Pointing to the declining valuations of medium-sized companies, he
announced the company's intention to take an anticyclical approach. This
way the company intends to push ahead the diversification of its portfolio
which currently comprises 41 investments.
03.03.2009 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
End of News DGAP News-Service
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