15.04.2014
INDUS Holding AG DE0006200108
DGAP-News: INDUS continues to grow in 2014
DGAP-News: INDUS Holding AG / Key word(s): Final Results
INDUS continues to grow in 2014
15.04.2014 / 10:00
---------------------------------------------------------------------
INDUS continues to grow in 2014
- Recent acquisition in medical engineering sector; further acquisitions
planned as the year progresses
- Good outlook for operating activities
Bergisch Gladbach, 15 April 2014 - The INDUS Group achieved strong growth
in the fiscal year 2013. At today's annual press conference in Düsseldorf,
Jürgen Abromeit, CEO of INDUS Holding AG, looked back at the past fiscal
year: "The last year was a year of new beginnings for our company. At the
end of 2012, we launched the COMPASS 2020 strategy programme and prepared
the new course. In 2013, we reached the first milestones and acquired six
new companies." Two of these companies come from the defined target sectors
- logistics and energy technology - while four are strategic complements to
existing investments.
Momentum to pick up as the year progresses
In spite of some profit-reducing effects, INDUS' operating margin reached
the prior year level of 9.6%. The business performance of most subsidiaries
was stable, although the German economy was relatively weak. The only
exceptions were smaller companies in the metal processing and engineering
segments, which failed to reach the budgeted targets. By contrast,
companies in the vehicle engineering segment performed appreciably better
than expected.
The Group's sales revenues and earnings increased by approx. 8% in 2013; at
over EUR 114 million, the operating result reached the highest level in the
history of the company (previous year: EUR 106.0 million). About 60% (or
EUR 53.7 million) of the EUR 90 million increase in sales revenues is
attributable to acquisitions, while approx. 40% (or EUR 36.2 million) is
due to organic revenue growth. Earnings after taxes amounted to EUR 64.0
million (previous year: EUR 52.5 million).In view of the greatly improved
result, the Board of Management and the Supervisory Board will propose
raising the dividend by EUR 0.10 to EUR 1.10 to the Annual General Meeting
on 11 June.
INDUS holds 40 small and medium-sized companies operating in five segments.
Based on the EBIT margin, the results in the Construction/Infrastructure
and Medical Engineering/Life Science segments reached a very good level and
clearly exceeded the Group-wide target of 10% at 13.6% and 16.9%,
respectively. The margin in the Vehicle Engineering segment was improved
considerably on the previous year and climbed from 5.0% in 2012 to 7.7%.
This shows that the measures announced in 2012 were effective. At 9.6% and
8.6%, respectively, the EBIT margins in the Engineering and Metal
Processing segments reached a good level.
Equity capital increased, net debt reduced
The balance sheet relations of the INDUS Group again improved significantly
in 2013. Net debt declined to EUR 307.6 million, while equity capital
increased by over EUR 100 million to a record level of EUR 515.3 million.
The equity ratio thus climbed to over 43% (previous year: 39%). Cash flow
from operating activity also rose sharply in 2013, doubling from EUR 45.9
million to EUR 97.5 million. Liquid funds of EUR 115.9 million (previous
year: EUR 98.7 million) will support the planned fixed asset investments of
approx. EUR 50 million in the existing portfolio and the planned
medium-term growth. At the end of 2013, INDUS increased its capital by
about EUR 60 million. The new shares were fully placed at a price of
approx. EUR 27. INDUS considers this to be a proof of confidence by the
capital market and a confirmation of the strategic objectives of the
COMPASS 2020 programme.
Recent acquisition in the medical engineering / life science sector
Following the acquisitions in the defined target sectors of logistics and
energy technology, INDUS is also placing a focus on medical engineering in
2014. In mid-April, the company acquired Rolko, a specialist for
rehabilitation equipment (see separate press release dated 10 April).
Outlook on 2014
Many economic experts project a stronger recovery for 2014. Judging from
the expectations of the INDUS subsidiaries and the first months of the
current year, this projection is also true for the INDUS Group. INDUS
projects Group sales revenues in excess of EUR 1.2 billion and an operating
result of a good EUR 118 million (excluding acquisitions) for 2014.
INDUS plans to acquire two companies as well as two smaller entities as
strategic complements for its subsidiaries in 2014. At the operating level,
the company will predominantly tap identified potential for development.
"Our strategy provides for the selective development of our portfolio. This
means that we are constantly monitoring the performance of each individual
investment and make adjustments where necessary. In 2012 and 2013, we
primarily did this in the Vehicle Engineering segment. In 2014, we will
place a stronger focus on activities in the Metal Processing and
Engineering segments," said Jürgen Abromeit.
The full annual report of INDUS Holding AG can be downloaded from
www.indus.de.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
End of Corporate News
---------------------------------------------------------------------
15.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: [email protected]
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
263101 15.04.2014
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
INDUS Holding AG ISIN: DE0006200108 können Sie bei EQS abrufen
Beteiligungen , 620010 , INH , XETR:INH