Corporate | 11 March 2015 12:31

INDUS is growing dynamically and investing in the future

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

2015-03-11 / 12:31

INDUS is growing dynamically and investing in the future

– Revenue climbs to around EUR 1,256 million (up approx. 6 %)
– EBIT increases to around EUR 127 million (up approx. 7 %)
– Operating profit margin reaches 10.1 %
– Investment budget at nearly EUR 100 million once more

Bergisch Gladbach, March 11, 2015 – Provisional and unaudited figures for fiscal 2014 clearly achieve the forecast for the year. INDUS has set new records for revenue, operating earnings and Group earnings before taxes. A very strong final quarter of 2014 contributed to this. Provisional Group figures show that revenue was around EUR 1,256 million (2013 revenue: EUR 1,187 million) and operating earnings (EBIT) around EUR 127 million (2013 EBIT: EUR 119 million). Provisional earnings cannot be compared with earnings published in the 2013 annual report since the previous years’ figures were adjusted for the discontinued NISTERHAMMER operation.

The EBIT margin of 10.1 % slightly exceeds the previous year (2013 EBIT margin: 10 %). Earnings before taxes are expected to reach around EUR 100 million (2013 EBT: EUR 98 million). Net income is around EUR 63 million (2013 net income: EUR 64 million). The decrease in earnings after taxes compared to the previous year is mainly due to the increased taxation rate. Stated earnings per share are expected to be 2.74 euros (2013: 3.02 euros). The capital increase at the end of 2013 resulted in an increased number of shares for 2014.

Very good yields in all five segments
Group companies achieved revenue increases in all five segments compared with the previous year, and income from operations showed positive growth. The highest operating profit margin was achieved by the Medical Engineering/Life Science segment with a margin of more than 16 %, followed by Construction/Infrastructure (2014 EBIT margin: 14.6 %), Engineering (2014 EBIT margin: 11.9 %), Metals Technology (2014 EBIT margin: 9.2 %), and Automotive Technology (2014 EBIT margin: 6.9 %).

In the year under review, INDUS made two significant portfolio acquisitions with ROLKO and MBN. Both companies meet the INDUS criteria; in addition to a stable business model they also offer high earnings and long-term growth prospects. INDUS aims to make further acquisitions over the next few years, including in 2015. These will mainly be in four specific future-orientated sectors: medical engineering/life science, transport and logistics, infrastructure, and automation, measuring, and control technology/energy and environmental technology. These four sectors are set to see above-average good to very good growth in the years ahead. In addition, three other smaller companies were acquired via existing subsidiaries, namely SAVVY AG, TR Metalltechnik, and KNUR Maschinenbau. With these strategic investments, INDUS is strengthening the competitiveness of its existing portfolio companies.

In all, the Group made investments of around EUR 97 million in 2014, of which around EUR 31 million was spent on acquisitions, and over EUR 58 million was invested in property, plant, and equipment. Last year, the investment budget was at a similarly high level, around EUR 101 million. The Board of Management has decided to continue its investment policy at the same high level.

High investment levels planned once more for 2015
INDUS is planning investments on a similar scale for the current year and anticipates making at least two acquisitions. The purchase of an entire factory in Glauchau through the OFA Bamberg investment at the beginning of 2015 marked a significant investment in growth in the medical engineering segment. Intensive purchase negotiations are also currently under way with another medical engineering company.

Jürgen Abromeit, Chairman of the Board of Management, confirms INDUS is set to continue the programme of growth started in 2012, “We see ourselves as a development platform for medium-sized companies that we refer to as ‘hidden champions’. We will also grow profitably over the next few years and shape our portfolio by undertaking suitable acquisitions and expansions. We are involved in promising negotiations with suitable medium-sized companies. In addition, we will help our existing subsidiaries develop further through targeted investments, especially in the international arena.”

The complete set of financial statements for 2014 will be published on April 21.

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:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart

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