DGAP-News

INDUS continues to grow strongly in H1 2017 and confirms forecast

DGAP-News: INDUS Holding AG / Key word(s): Half Year Results INDUS continues to grow strongly in H1 2017 and confirms forecast 14.08.2017 / 07:30 The issuer is solely responsible for the content of this announcement. INDUS continues to grow strongly in H1 2017 and confirms forecast

* Revenues and earnings pick up; earnings per share climb to EUR 1.58

* EBIT margin temporarily influenced by repositioning costs in Q2

* Positive start for new portfolio companies, M+P and PEISELER


Bergisch Gladbach, 14 August 2017 - The German economy continued its upward trend in the first six months of 2017, which is also reflected in the strong growth of the INDUS Group. Sales revenues of INDUS Holding AG rose by EUR 88.6 million to EUR 803.5 million in the first half of 2017, up 12.4% on the prior year period (EUR 714.9 million). The increase is primarily attributable to organic growth in all segments. Earnings before interest and taxes (EBIT) climbed 4.9% to EUR 72.7 million (H1 previous year: EUR 69.3 million). Adjusted for the effects of company acquisitions, EBIT amounted to EUR 78.5 million (H1 previous year: EUR 75.5 million). Earnings per share climbed 5.3% from EUR 1.50 to EUR 1.58.

Overall, the performance in the first six months was in line with expectations, although the EBIT margin, at roughly 9%, declined somewhat as expected due to the repositioning of a Swiss portfolio company (H1 previous year: 9.7%). The adjusted EBIT margin (after effects of acquisitions, see above) stood at 9.8% (H1 previous year: 10.6%). At EUR 422.5 million, sales revenues hit a new record also in the second quarter of the year (Q2 previous year: EUR 382.0 million). Second-quarter EBIT includes one-time expenses from the above-mentioned repositioning in the amount of approx. EUR 5 million and therefore dropped to EUR 38.0 million, which was slightly below the previous year's EUR 38.8 million.