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INDUS Holding AG: INDUS remains reliable dividend stock

DGAP-News: INDUS Holding AG / Key word(s): AGM/EGM INDUS Holding AG: INDUS remains reliable dividend stock 26.05.2021 / 16:08 The issuer is solely responsible for the content of this announcement. INDUS remains reliable dividend stock

• ASM resolves to distribute dividend of EUR 0.80 per share
• Good business performance in Q1 2021
• Shareholders approve creation of new Authorized Capital

Bergisch Gladbach, 26 May 2021 - At today's virtual Annual Shareholders' Meeting (ASM) of INDUS Holding AG, the shareholders followed the proposal of the Board of Management and the Supervisory Board and resolved to pay an unchanged dividend of EUR 0.80 per share. The company thus underlines its reliability as a dividend-paying stock. In the financial year 2020, the INDUS Group generated Group sales of EUR 1.56 billion and consolidated earnings before interest and taxes (EBIT) of EUR 25.1 million. INDUS Holding AG's distributable profit for the financial year amounted to EUR 35.8 million. It was resolved to distribute a total amount of EUR 21.5 million. Following the issue of new shares in the context of the capital increase of 26 March 2021, this corresponds to a payout ratio of approx. 60 %. Against the backdrop of strong cash flow and the improved outlook for the financial year 2021, this year's payout ratio thus exceeds the usual ratio of 40 % to 50 %. INDUS sticks to its long-term dividend policy of distributing up to 50 % of INDUS Holding AG's distributable profit to the company's shareholders.

In his speech, Chairman of the Board of Management Dr. Johannes Schmidt highlighted the agility of the INDUS portfolio companies in mastering the crisis and cited specific examples from the Group. "Each crisis marks a turning point. But each crisis also opens up opportunities. We are well positioned to take off again from a position of strength," Schmidt said. Over the past months, the portfolio companies focused on driving forward their digitalization projects. "IEF-Werner meanwhile offers an online assembly service, which uses web cams, video conferencing and 3D models to remotely and digitally guide the employees of international customers in the assembly and commissioning of the plants."