DGAP-News

INDUS confirms 2016 targets

DGAP-News: INDUS Holding AG / Key word(s): AGM/EGM
INDUS confirms 2016 targets

09.06.2016 / 16:22
The issuer is solely responsible for the content of this announcement.

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INDUS confirms 2016 targets

- Annual Shareholders' Meeting endorses EUR 1.20 dividend
- Significant pick-up in business performance following slow start to the
year
- Investments of more than EUR 125 million envisaged for 2016

Bergisch Gladbach, 9 June 2016 - Speaking at this year's Annual
Shareholders' Meeting, INDUS CEO Jürgen Abromeit looked back on a
successful financial year 2015: "With sales coming in clearly above EUR 1.3
billion, our Group has marked a new sales record while also posting the
highest EBIT ever at EUR 136 million. This result exceeds our expectations
despite the extraordinary charges taken during the year. Problems in
ramping up production, currency turbulence in Switzerland and the Russia
crisis have all made an impact. Without these effects, our performance
would have been even better."

In particular, Mr Abromeit highlighted the success of the growth programme
launched at the end of 2012. "Since the launch of our Compass 2020
programme, our sales have risen by 26 percent and our operating profit has
even gone up by 29 percent. Our portfolio gained substantial value and our
market cap has more than doubled."

Guidance 2016 confirmed

Moving forward to the current financial year, Mr Abromeit pointed to the
palpable feeling of uncertainty in the markets while at the same time
confirming management's guidance for the financial year 2016: "Despite a
slow start in January, we are confident that we will reach our targets,
seeing that we already picked up considerable momentum in February and
March. As a result, INDUS grew sales by 1.5 percent to EUR 332.8 million in
the first quarter of 2016. Our operating result came to EUR 30.5 million in
the first quarter, which was still down year-on-year. April went well and
the initial numbers for May look encouraging, meaning that we are now up in
year-on-year terms again". Management expects INDUS to report sales of
approximately EUR 1.4 billion and operating profit between EUR 134 million
and EUR 138 million for the full year 2016.

Expanding investment in innovation and internationalisation

The Managing Board views the investment funds of up to EUR 125 million
planned for 2016 primarily as an investment in future growth. On the one
hand, it is planned to enable existing portfolio companies to make