18.08.2015
INDUS Holding AG DE0006200108
DGAP-News: INDUS reports growing revenues and earnings
DGAP-News: INDUS Holding AG / Key word(s): Half Year Results
INDUS reports growing revenues and earnings
18.08.2015 / 07:30
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INDUS reports growing revenues and earnings
- Good order situation at the half-year stage
- Strong investment activity to continue
Bergisch Gladbach, 18 August 2015 - After the first six months of 2015,
INDUS Holding AG is well on track. The Group posted sales revenues of EUR
675.6 million as of the half-year stage (H1 2014: EUR 600.3 million).
Earnings before interest and taxes (EBIT) amounted to EUR 62.7 million (H1
2014: EUR 58.5 million). At EUR 32.0 million, net income for the period
exceeded the previous year's EUR 28.1 million.
Strong increase in revenues and earnings
The Group's sales revenues and earnings increased by 12% and 7%,
respectively. Except for the Construction/Infrastructure segment, whose
good order situation will be reflected in the result only in the second
half of the year, all segments increased their revenues, namely by between
5% and 51%. The strongest growth was reported by the Metals Technology and
Medical Engineering / Life Science segments, which is not least due to
acquisitions. Operating cash flow stood at EUR 26.4 million at the
six-month stage (H1 2014: EUR 17.9 million). At 40.4%, the equity ratio
exceeded the long-term target of 40% defined by INDUS (31 December 2014:
42.0%). In spite of the growth investments and the dividend of approx. EUR
29 million paid out in early June, the Group's liquidity is high at EUR
95.6 million (H1 2014: EUR 102.0 million).
Investments in acquisitions and the portfolio exceed EUR 55 million as of
the reporting date
At the beginning of the year, INDUS subsidiary OFA acquired a complete
production facility in Glauchau, Saxony, whose integration is underway.
During the same period, SELZER Fertigungstechnik acquired the remaining
minority interest of 10% in Selzer Automotiva do Brasil in Brazil. In early
May, OFA made another acquisition and took over NEA International, a Dutch
company specialising in orthotic devices. Another specialist for medical
products, RAGUSE GmbH, joined the Group in June. The latest addition to the
INDUS portfolio is IEF-Werner GmbH, a specialist for automation and
measuring equipment, which was acquired at the end of July.
INDUS will spend a total of approx. EUR 44 million for the above
acquisitions. The RAGUSE and IEF-Werner acquisitions are not included in
the figures for the first six months of 2015. In addition, the Group
invested about EUR 32 million in fixed and intangible assets in the first
half of 2015. This means that INDUS once again stepped up its investment
activity compared to the first half of the previous year; the Board of
Management expects investment activity to remain high in the full year
2015, for which an amount of over EUR 100 million is projected.
In addition Jürgen Abromeit, Chairman of the Board of Management of INDUS
confirmed the outlook: "In spite of the current weakness in China, our
Group-wide order situation is good to very good. What is more, we are only
little affected by the weakness of the Russian market. We are still working
on a few operational improvements but this relates primarily to our Swiss
companies and to process optimisations in the Automotive Technology
segment. Our growth investments in new companies are now gradually paying
off. It is especially our acquisitions which are showing an extremely
dynamic performance." INDUS expects sales revenues for the current
financial year to increase to EUR 1.3 billion, with earnings before
interest and taxes projected to come in between EUR 125 million and EUR 130
million. These projections do not include the revenue and earnings
contributions made by acquisitions.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
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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: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart
End of News DGAP News-Service
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387567 18.08.2015
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