Corporate | 24 May 2012 08:00

INDUS confirms guidance for FY 2012

INDUS Holding AG / Key word(s): Quarter Results

24.05.2012 / 08:00

INDUS confirms guidance for FY 2012

– Revenue growth in first quarter
– Group EBIT margin reaches planned level of 9.2%

Bergisch Gladbach, May 24, 2012 – In the first three months of 2012, INDUS Holding AG increased its sales revenues to EUR 260.9 million, up by approx. 2% on the good level of the previous year
(Q1 2011: EUR 255.6 million). Following a more quiet fourth quarter 2011, the business situation initially remained unchanged at the beginning of the year, with demand picking up markedly in February and March. EBIT totalled EUR 24.1 million in Q1 2012 (Q1 2011: EUR 27.4 million), which is in line with the company's plans. The INDUS Group's EBIT margin averaged 9.2% (2011: 10.7%), which is a good result, as the first quarter traditionally tends to be weaker than the other quarters due to seasonal factors. Moreover, the first quarter of the previous year benefited from an exceptionally high level of activity in the construction sector resulting from the government subsidy programmes as well as an unusually successful business trend in the metals processing sector. Net income for the INDUS shareholders reached EUR 11.3 million (Q1 2011: EUR 15.4 million).

Sound financials: Stable equity ratio of 36%; liquidity of about EUR 107 million
Due to a marked increase in receivables and inventories resulting from the good order situation, operating cash flow declined from EUR -8.3 million in Q1 2011 to EUR -32.6 million in Q1 2012. Having increased markedly in the meantime, working capital will decline sharply as the year progresses and have a positive impact on cash flow. This notwithstanding, the company's liquidity stood at a very high level of approx. EUR 107 million and the equity ratio at a comfortable 36.2% as of March 31, 2012 (December 31, 2011: 36.7%).

Accordingly INDUS is optimistic for the first half of 2012, as both incoming orders and orders on hand indicate that the economic situation will remain stable in the second quarter. The world economy should remain on the growth path as the year progresses, with positive stimulation anticipated primarily from the emerging markets. INDUS expects the persistent uncertainty in the financial markets to put a certain damper on growth. While INDUS wants to continue the good performance of the year 2011 in terms of sales revenues, the current collective bargaining rounds will have an adverse impact on earnings. In this environment, the company's EBIT margin target of 10% seems ambitious.

INDUS Holding AG’s full report for the first quarter 2012 can be downloaded from www.indus.de .

Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail wolter@indus.de

End of Corporate News

24.05.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:	English
Company:	INDUS Holding AG
	Kölner Straße 32
	51429 Bergisch Gladbach
	Germany
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 Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart

End of News DGAP News-Service

171265  24.05.2012