Corporate | 19 March 2014 10:24

INDUS reaches important milestones for growth

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

19.03.2014 / 10:24

INDUS reaches important milestones for growth

– Sales revenues and earnings climb to EUR 1,195 million and EUR 114 million, respectively
– Portfolio expanded by six acquisitions

Bergisch Gladbach, March 19, 2014 – In spite of slow economic activity in the relevant world markets and moderate growth in Germany, the INDUS Group reached its targets for 2013. According to preliminary consolidated figures, sales revenues amounted to EUR 1,195 million, while earnings before interest and taxes (EBIT) came in at EUR 114 million. At 9.6%, the EBIT margin reached the prior year level. Earnings after taxes increased to approx. EUR 64 million from EUR 52.2 million in 2012.

Earnings per share will probably amount to EUR 2.85 (previous year: EUR 2.47). In view of this good earnings situation, INDUS proposes to increase the dividend; a dividend of EUR 1.00 per share was paid out in 2012.

Stable results throughout the Group
The 40 member companies of the Group meanwhile generate about 50% of their sales revenues outside Germany – and rising. Of the five segments, Medical Engineering/Life Science and Construction/Infrastructure were particular successful, as had been expected. Vehicle Engineering also performed well. The reorganisation measures implemented in this segment in the previous years clearly made themselves felt. This led to a sharp rise in the EBIT margin to 7.7%, which is a good level by industry standards (previous year: 5.0%). In spite of extraordinary burdens, business in the Engineering segment remained stable. Metal Processing was the only segment to show a weaker performance due to various start-up problems, which have been eliminated in the meantime.

INDUS made two important acquisitions in 2013, namely BUDDE and ELTHERM. Another four companies were acquired by the Group’s subsidiaries. INDUS thus invested a total of approx. EUR 50 million in additional growth. In the context of these takeovers, companies in the USA, the Netherlands and Asia were acquired, among others. At the same time, the Group invested approx EUR 52 million in existing companies.

“COMPASS 2020” strategy to be continued with determination
The Board of Management intends to continue the strategy of controlled growth and the related portfolio reorganisation in 2014. “We attach importance to business models that are viable in the long term,” said CEO Jürgen Abromeit. “We intend to grow the company through both portfolio optimisation and selective acquisitions also in the current fiscal year. We are actively checking the mid-market for enterprises that match our company. At the same time, we will continue to improve and refine the existing portfolio.”

The full results for the fiscal year 2013 will be published on 15 April 2014.

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

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