EQS-News

INDUS Holding AG: INDUS publishes unaudited and preliminary figures for financial year 2022 - Seite 2

EBIT after impairment losses amounts to EUR 133.7 million (previous year: EUR 165.6 million), with the corresponding EBIT margin at 7.4% (previous year: 10.1%). In the context of the strategy update, the board of Management decided to sell SCHÄFER and SELZER by the end of 2023. At the end of the financial year 2022, the P&L items of SMA as well as of SCHÄFER and SELZER were reclassified into discontinued operations. SMA was deconsolidated as the company filed for insolvency proceedings. As part of the reclassification, the assets assigned to the three portfolio companies also had to be revalued. In the financial year 2022, sales of the discontinued operations amounted to around EUR 110 million, while earnings after taxes of the discontinued operations stood at EUR -123.9 million. Earnings after taxes for the Group as a whole amounted to EUR -51.0 million (previous year: EUR 47.6 million).

“The reclassification of the three companies into discontinued operations is the logical consequence of the decision to discontinue the Automotive Technology companies that had been making losses for years,” says Dr. Johannes Schmidt. “This frees INDUS from high losses in the automotive sector and has allowed us to reflect the revaluation of the reclassified companies in the financial year 2022.”

It was possible to reduce working capital noticeably at the end of 2022, so that the operating cash flow (of the continuing operations) stood at EUR 137.1 million (previous year: EUR 177.7 million).

The Construction/Infrastructure, Engineering, and Metals Technology segments again showed a very gratifying performance for the year 2022 as a whole. Most of the portfolio companies in these three segments were able to increase their sales and operating income (EBIT) before impairment losses very strongly. In the Medical Engineering/Life Science segment, there was still only little scope for passing on costs, while regulatory expenses remained high. The Automotive Technology segment (excluding the discontinued operations) was adversely affected by a shortage of electronics, delays in the ramp-up of mass production and the effects of the Russia-Ukraine war in 2022.