EQS-News

INDUS generates sales of EUR 410 million and EBIT of EUR 26.7 million in first quarter of 2024

EQS-News: INDUS Holding AG / Key word(s): Quarter Results INDUS generates sales of EUR 410 million and EBIT of EUR 26.7 million in first quarter of 2024 14.05.2024 / 07:28 CET/CEST The issuer is solely responsible for the content of this announcement. INDUS generates sales of EUR 410 million and EBIT of EUR 26.7 million in first quarter of 2024

• Weak economy dampens development, as expected
• Guidance confirmed
• Portfolio strengthened through three complementary acquisitions

Bergisch Gladbach, 14 May 2024 – As expected, sales and income of stock exchange listed INDUS Holding AG remained below the prior year level in the first quarter of 2024. The portfolio companies generated sales of EUR 410.1 million in the first three months of 2024 (previous year: EUR 450.8 million). The decline is due to customers' current reluctance to buy and spend as a result of the weak economy. Adjusted EBITA, i.e. earnings before interest and taxes plus PPA amortization and impairment, amounted to EUR 31.5 million (previous year: EUR 49.5 million). While personnel expenses increased due to significantly higher wages and salaries, the portfolio companies were able to reduce their material costs disproportionately. Operating income (EBIT) amounted to EUR 26.7 million (previous year: EUR 44.8 million). The EBIT margin was 6.5% (previous year: 9.9%). Earnings after taxes amounted to EUR 10.3 million (previous year: EUR 16.0 million).

“As projected by us, the difficult macroeconomic conditions were reflected in the performance of our Group at the beginning of the year,” says Dr. Johannes Schmidt, Chairman of the Board of Management of INDUS Holding AG. “These economic challenges had already been taken into account in our planning. We therefore maintain our guidance for the full year.” The INDUS Board of Management projects sales of between EUR 1.85 and 1.95 billion and operating income (EBIT) of between EUR 145 and 165 million for the financial year 2024.