Corporate | 27 May 2010 10:00
INDUS Holding AG / Quarter Results
27.05.2010 10:00
Dissemination of a Corporate News, transmitted by
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Bergisch Gladbach, May 27, 2010 - INDUS Holding AG has emerged from the
recession and clearly outperformed the economy in the first quarter of
2010. While the gross domestic product was up by only 1.7% on the same
period of the previous year, INDUS reported a 16% increase in sales to EUR
206.2 million.
The turnaround is even more impressively reflected in earnings before
interest and taxes (EBIT), which rose by a solid 100% to EUR 18.2 million.
'The restructuring initiatives have taken effect,' said Helmut Ruwisch, CEO
of INDUS Holding AG. 'Our quarterly EBIT are almost back to pre-crisis
levels.' Net income for the first quarter of 2010 amounted to EUR 6.2
million (Q1 2009: EUR 0.1 million).
All segments contributed to this performance, albeit to different degrees.
The Vehicle Components/Engineering segment made an impressive turnaround,
and strong growth was achieved also by the Metal/Metal Processing segment.
While the Engineering segment continues to benefit from its order backlog,
incoming orders do not indicate a turnaround in 2010. The Medical
Engineering/Life Science and Construction/Infrastructure segments showed a
positive performance.
The projections for the full year 2010 therefore remain carefully
optimistic. Overall, INDUS projects noticeable sales growth and a
disproportionate increase in earnings. At the operating level, the company
continues to focus on product innovations in the existing portfolio. Rising
energy and commodity prices could have an adverse impact on the earnings
position; the same applies to the current uncertainty in the capital
markets, which may pose a significant risk to what is still a fragile
economic recovery. The Management Board sees good opportunities for
external growth through acquisitions for 2010 and 2011. The company
projects sales in excess of EUR 800 million and EBIT between EUR 60 and 70
million.
The full results for the first nine months 2009 are available immediately
in the internet under www.indus.de.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail wolter@indus.de
27.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 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, München, Hamburg, Stuttgart
End of News DGAP News-Service
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