09.06.2016
INDUS Holding AG DE0006200108
DGAP-News: INDUS confirms 2016 targets
DGAP-News: INDUS Holding AG / Key word(s): AGM/EGM
INDUS confirms 2016 targets
09.06.2016 / 16:22
The issuer is solely responsible for the content of this announcement.
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INDUS confirms 2016 targets
- Annual Shareholders' Meeting endorses EUR 1.20 dividend
- Significant pick-up in business performance following slow start to the
year
- Investments of more than EUR 125 million envisaged for 2016
Bergisch Gladbach, 9 June 2016 - Speaking at this year's Annual
Shareholders' Meeting, INDUS CEO Jürgen Abromeit looked back on a
successful financial year 2015: "With sales coming in clearly above EUR 1.3
billion, our Group has marked a new sales record while also posting the
highest EBIT ever at EUR 136 million. This result exceeds our expectations
despite the extraordinary charges taken during the year. Problems in
ramping up production, currency turbulence in Switzerland and the Russia
crisis have all made an impact. Without these effects, our performance
would have been even better."
In particular, Mr Abromeit highlighted the success of the growth programme
launched at the end of 2012. "Since the launch of our Compass 2020
programme, our sales have risen by 26 percent and our operating profit has
even gone up by 29 percent. Our portfolio gained substantial value and our
market cap has more than doubled."
Guidance 2016 confirmed
Moving forward to the current financial year, Mr Abromeit pointed to the
palpable feeling of uncertainty in the markets while at the same time
confirming management's guidance for the financial year 2016: "Despite a
slow start in January, we are confident that we will reach our targets,
seeing that we already picked up considerable momentum in February and
March. As a result, INDUS grew sales by 1.5 percent to EUR 332.8 million in
the first quarter of 2016. Our operating result came to EUR 30.5 million in
the first quarter, which was still down year-on-year. April went well and
the initial numbers for May look encouraging, meaning that we are now up in
year-on-year terms again". Management expects INDUS to report sales of
approximately EUR 1.4 billion and operating profit between EUR 134 million
and EUR 138 million for the full year 2016.
Expanding investment in innovation and internationalisation
The Managing Board views the investment funds of up to EUR 125 million
planned for 2016 primarily as an investment in future growth. On the one
hand, it is planned to enable existing portfolio companies to make
strategic acquisitions and build or expand their international presence. On
the other hand, INDUS intends to promote innovation more intensively by
providing investee companies with more funds for research and development
activities.
"INDUS will push ahead the expansion of research and development activities
and provide more funding. Acting as a "development bank" in the best sense
of the word, we want to assist in the further development of existing
product ranges and to expand our group-wide knowledge platform. At the same
time, we support our portfolio companies in entering new technologies and
markets. Moreover, we will step up our search for strategic acquisitions.
We also focus on companies on an earlier level of development which have
already established themselves successfully and, in the ideal case, already
have a foothold in the international market. We look forward to supporting
such companies' development with our expertise," Mr Abromeit said. Since
the launch of the growth strategy 2013, a total of 24 transactions
involving funds of EUR 150 million have been completed.
All items of the agenda approved by a vast majority of shareholders
The proposals made by the Board of Management and the Supervisory Board
were approved by a vast majority of the shareholders. The meeting also
ratified the actions of the Board of Management and the Supervisory Board
and endorsed the dividend proposal. A dividend of EUR 1.20 per share
corresponds to a total payout of EUR 29.3 million and a payout ratio of
42%. Some 52% of the voting share capital was represented at the Ordinary
General Shareholders' Meeting 2016 of INDUS.
Further information on the Annual Shareholders' Meeting can be found on the
INDUS website:
Investors & Analysts
http://www.indus.de/en/investor-relations/annual-shareholders-meeting.html
- Speech of Jürgen Abromeit
- Agenda, documents and voting results
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
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09.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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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