27.03.2018
INDUS Holding AG DE0006200108
DGAP-News: INDUS Holding AG: Again a good year for INDUS
DGAP-News: INDUS Holding AG / Key word(s): Final Results
INDUS Holding AG: Again a good year for INDUS
27.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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Again a good year for INDUS
- Sales revenues climb to EUR 1.64 billion
- Organic revenue growth of over 10%
- Successful start to 2018
Bergisch Gladbach, 27 March 2018 - INDUS looks back on another good fiscal
year. 2017 was the fifth consecutive year which saw the Group increase both
sales revenues and earnings. Sales revenues climbed 13.6% to EUR 1.64
billion (previous year: EUR 1.44 billion), of which 10.5% was organic
growth. EBIT rose by 5.5% to EUR 152.9 million (previous year: EUR 144.9
million). The Group had planned revenues of EUR 1.5 billion and EBIT of
between EUR 145 million and EUR 150 million. The EBIT margin stood at 9.3%.
Adjusted for the effects of initial consolidation, the operating result
amounted to EUR 163.7 million, while the adjusted EBIT margin reached 10.0%.
An even better result for 2017 was prevented only by two major
repositionings in the Automotive Technology and Metals Technology segments
as well as by much higher exchange losses than in the previous year.
Earnings before taxes (EBT) increased to EUR 129.2 million (previous year:
EUR 123.4 million). Earnings after taxes rose to EUR 83.1 million (previous
year: EUR 80.4 million). Earnings per share stood at EUR 3.37 (previous
year: EUR 3.27). The Management Board and the Supervisory Board will propose
a dividend increase by EUR 0.15 to EUR 1.50 to the Annual Shareholders'
Meeting on 24 May 2018.
Strong growth in the segments
The INDUS Group currently comprises 45 companies which operate in five
segments. The highly profitable Construction/Infrastructure and Engineering
segments made higher-than-expected contributions to revenue and earnings
growth and exceeded the target ranges. The Medical Engineering/Life Science
segment continues to operate at a high level. Revenues in the Automotive
Technology and Metals Technology segments came in according to plan, while
earnings were below the projected target ranges due to the pressure on
margins in the automotive industry and the two repositionings. Once these
repositionings are essentially completed, INDUS expects earnings in both
segments to improve.
Two complementary acquisitions in the new year
In 2017, the INDUS Group was able to strengthen its first tier as planned by
acquiring M+P INTERNATIONAL, Hanover, and PEISELER, Remscheid, which operate
in the automation, measurement and control technology sector, which INDUS
has identified as a segment of the future. The new year saw two new
acquisitions being added to the portfolio; INDUS subsidiary AURORA acquired
electronics specialist EE ELECTRONIC EQUIPMENT at the beginning of the year,
while OFA Bamberg, an INDUS portfolio company, took over the activities of a
southern German trading firm for medical aids (annual revenues of approx.
EUR 4 million) with effect from 1 April 2018.
With regard to its future growth, INDUS sees opportunities primarily in such
industries of the future as infrastructure/logistic technology, energy and
environmental engineering, medical engineering and life science as well as
construction and security technology. Jürgen Abromeit: "We pursue a strict
policy of not paying excessive prices. We talk to entrepreneurs who are
primarily interested in taking their companies forward. The INDUS Group
offers the ideal environment for this."
High stability thanks to good net assets and financial position
Total assets of the INDUS Group amounted to EUR 1.65 billion as of the
reporting date, up 8.6% on the previous year. Net debt rose to EUR 398.9
million (previous year: EUR 376.6 million). Equity increased by 4.5% to EUR
673.8 million (previous year: EUR 644.6 million). As planned, the equity
ratio amounted to a comfortable 40.8% (previous year: 42.4%).
Net-debt-to-EBITDA remained unchanged from the previous year at 1.9 years.
Gearing (net-debt-to-equity) stood at 59%. (previous year: 58%).
Cash flow from operating activities climbed to EUR 124.0 million in 2017
(previous year: EUR 114.5 million). Cash and cash equivalents stood at an
impressive EUR 135.9 million (previous year: EUR 127.2 million). At EUR
111.4 million, capital expenditure was up by 7.2% on the previous year. The
INDUS Group spent EUR 32.4 million on company acquisitions. An amount of EUR
71.3 million was invested in property, plant and equipment, while EUR 7.7
million was spent on intangible assets. In addition to the EUR 50 million
earmarked for acquisitions, INDUS plans to invest about EUR 88 million in
2018. Besides international expansion activities, the portfolio companies
will focus on efficiency-enhancing projects.
New records targeted for 2018
The good economic environment offers the INDUS portfolio companies the
opportunity to further expand their market positions through innovation and
technological strength. While INDUS Chairman of the Board Jürgen Abromeit
is therefore optimistic about the Group's growth prospects, he also sees
political risks. "Protectionism, sabre-rattling and populist governments
lead to insecurity and instability. This also influences the general
economic climate."
INDUS will continue its successful Compass 2020 strategy in the coming
years. "Our development bank scheme creates the ideal basis for innovation
from within our companies. And our portfolio companies are taking advantage
of these good times to implement an efficiency programme that will make the
individual entities fit for the future."
Following a very good start to the year, INDUS projects consolidated sales
revenues of between EUR 1.65 billion and EUR 1.70 billion. Earnings before
interest and taxes (EBIT) are expected to come in at between EUR 154 million
and EUR 160 million. These target figures do not include the planned new
acquisitions at the first and second tier.
Click here to download the full Annual Report of INDUS Holding AG.
Contact:
Nina Wolf & Julia Pschribülla
Corporate Communications & Investor Relations
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-66
E-mail [email protected]
E-mail [email protected]
www.indus.de
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27.03.2018 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,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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