Corporate | 22 August 2013 08:00

INDUS projects improved sales revenues and earnings for 2013

INDUS Holding AG / Key word(s): Interim Report

22.08.2013 / 08:00

INDUS projects improved sales revenues and earnings for 2013

Bergisch Gladbach, August 22, 2013 – In spite of a difficult environment, INDUS Holding AG delivered a good business performance in the first six months of 2013. Consolidated sales revenues increased to EUR 572.9 million in the first half of the year (H1 2012: EUR 540.7 million). The Group generated earnings before interest and taxes (EBIT) of EUR 53.0 million (H1 2012: EUR 52.5 million) and an EBIT margin of 9.3% (H1 2012: 9.7%). At EUR 26.1 million, net income for the period exceeded the prior year level (H1 2012: EUR 23.6 million).

Four of five business segments report higher sales
Sales revenues increased in nearly all of INDUS’ business segments in the first half of 2013. At 41%, the Engineering segment reported the highest growth, as the sales revenues of the newly acquired BUDDE investment were included for the first time. The Construction/Infrastructure and Medical Engineering/Life Science segments also showed a stable trend. Vehicle Engineering sales increased as well and were up by 1.4% on H1 2012. Earnings before interest and taxes (EBIT) increased by a disproportionate 48% in this segment, which is clearly benefiting from the repositioning efforts. After a moderate start, the half-year result in the Metal Processing segment is not satisfactory yet. But in view of the good order situation, INDUS expects the situation to improve as the year progresses.

Operating cash flow stood at EUR 9.0 million at the half-year stage (H1 2012: EUR -9.3 million). The equity ratio reached 35% (Dec. 31, 2012: 38.6%). In spite of the five acquisitions made, INDUS still has high liquidity of EUR 94.5 million (H1 2012: EUR 135.7 million). It should be noted that the dividend of EUR 22.2 million was paid out already prior to the reporting date on June 30, as the Annual General Meeting was held already on June 24 (2012 payout on July 4).

Strong acquisition and investment activity in the past six months
In 2013 to date, INDUS has taken over two new companies, BUDDE and ELTHERM, and acquired the remaining shares in HAKAMA, which is now wholly owned. In addition, three strategic acquisitions were made for existing INDUS subsidiaries, namely HEAVAC, Netherlands, LSI, USA, and PROVIS Steuerungstechnik, Germany. These investments totalled over EUR 50 million. In addition, about EUR 20 million had been invested in the existing portfolio until mid-2013. ‘As announced, we are not only accelerating our acquisition activity in 2013 but also continue to make high investments in the expansion of our existing activities,’ said INDUS CEO Jürgen Abromeit.

He confirmed the Group’s targets for the full year. ‘We once again confirm that we want to exceed the previous year’s results in 2013. The current order situation is good and July sales even exceeded our expectations.’ INDUS projects total sales revenues of approx. EUR 1.2 billion and EBIT in excess of EUR 105 million for 2013.

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
	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

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