Corporate | 25 November 2010 08:00
INDUS Holding AG / Key word(s): Quarter Results
25.11.2010 08:00
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INDUS will hit new sales record in 2010
Bergisch Gladbach, November 25, 2010 - SDAX-listed INDUS Holding AG will
probably exceed its existing sales record of the year 2008 at approx. EUR
920 million in 2010; this is suggested by the figures for the first nine
months of the year, according to which the medium-sized corporation
reported sales of EUR 710.0 million at the end of September. Earnings
increased at a much higher rate than sales revenues. In the first three
quarters, earnings before interest and taxes (EBIT) doubled to EUR 76.2
million (Jan.-Sept. 2009: EUR 38.1 million). An EBIT margin of more than
10% means that INDUS reached the pre-recession level already in the first
year following the crisis. 'This rapid recovery reflects the strength of
our portfolio,' says CEO Helmut Ruwisch. 'We have not only retained our
profitability through the crisis but have also cut our costs and
implemented re-engineering measures, which allowed us to benefit especially
strongly from the upswing.'
Good business trend in all five segments
INDUS achieved an EBIT margin in excess of 10% in four segments. The
Automotive Components/Engineering segment is also clearly profitable again.
Sales revenues increased by over 50% and EBIT turned around from a loss of
EUR 5.0 million to a profit of EUR 10.3 million as of September 30. The
Group's liquidity remains high at EUR 88.9 million, while the equity ratio
improved to 27.1% (December 31, 2009: 26.5%).
Forecast for 2010: Return to 10% EBIT target
INDUS projects a good performance for the full year 2010. The current
targets are sales revenues clearly in excess of EUR 900 million and EBIT of
more than EUR 90 million. Following the typical seasonal slowdown in the
winter months, INDUS projects stable growth also for 2011.
The complete report for the third quarter 2010 is available at
www.indus.de
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail wolter@indus.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 Hamburg, München, Berlin, Stuttgart
End of Announcement DGAP News-Service
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