07.03.2016
INDUS Holding AG DE0006200108
DGAP-News: Growth strategy paying off
DGAP-News: INDUS Holding AG / Key word(s): Preliminary Results
Growth strategy paying off
07.03.2016 / 13:15
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Growth strategy paying off
- Sales revenues up by approx. 10 %, EBIT up by approx. 7 %
- Five acquisitions integrated successfully
- Investment budget hits record of approx. EUR 107 million
Bergisch Gladbach, 7 March 2016 - According to the preliminary, unaudited
figures for the financial year 2015, INDUS reached the targets set for the
past financial year. The company had projected consolidated sales revenues
of over EUR 1.3 billion and EBIT of between EUR 125 and 130 million.
According to the preliminary consolidated figures, sales revenues amounted
to approx. EUR 1,388 million (sales revenues 2014: EUR 1,255.7 million) and
earnings before interest and taxes (EBIT) to approx. EUR 136 million (EBIT
2014: EUR 127.2 million). Adjusted EBIT (after accounting impacts from
acquisitions) rose to EUR 146 million (adjusted EBIT 2014: EUR 135.2
million). At 10.5 %, the adjusted EBIT margin stayed at the high level of
the previous year. Earnings before taxes are expected to come in at roughly
EUR 109 million (EBT 2014: EUR 100.7 million). Earnings after taxes will
amount to roughly EUR 68 million (earnings after taxes 2014: EUR 63.3
million). Earnings per share will probably amount to EUR 2.78 (previous
year: EUR 2.74).
In the fourth quarter of 2015, sales revenues reached approx. EUR 353
million (sales revenues Q3 2105: EUR 359.4 million). Earnings before
interest and taxes amounted to roughly EUR 37 million (EBIT Q3 2015: EUR
36.2 million). This means that earnings picked up strongly in the final
three months of 2015 compared to the previous quarter and reached a new
absolute high.
Sales revenues grow organically and as a result of acquisitions
Sales revenues of the Group's member companies were up on the previous year
in all five segments. Total sales revenues increased by approx. 10 %, of
which over 4 % is attributable to organic growth. The highest profit
contributions were made by the Engineering and Construction/Infrastructure
segments. The Medical Engineering/Life Science segment posted the highest
operating margin, at 14 %, followed by Construction/Infrastructure,
Engineering, Metals Technology and Automotive Engineering.
In the year under review, INDUS made two acquisitions, RAGUSE and IEF
Werner, to strengthen the Medical Engineering segment and the Engineering
segment, respectively. In addition, three complementary acquisitions were
made for existing portfolio companies in the Construction and Medical
Engineering segments (NEA International EUMATIC/ FROHMASCO and MURINOX). In
the past financial year, INDUS primarily focused on accelerating its
internationalisation and increasing the performance of existing
investments. For this purpose, the company invested roughly EUR 107
million. The purchase prices of the acquired shares amounted to roughly EUR
47 million (resulting in a net outflow of cash of approx. EUR 34 million).
An amount in excess of EUR 70 million was invested in property, plant and
equipment. At EUR 97.2 million, the previous year's investment budget stood
at a similar level, which shows that the Board of Management continued its
investment policy at a consistently high level.
For the current year, INDUS plans investments in a similar amount and aims
to acquire further hidden champions as in the previous years. At the
beginning of 2016, the company already made a growth investment in COMPUTEC
AG, a process engineering specialist. This newly acquired company has been
integrated into BUDDE, an engineering company forming part of the INDUS
engineering segment.
Positive trend anticipated in spite of difficult framework conditions
While CEO Jürgen Abromeit continues to believe in growth, he expects
challenging conditions for 2015. "We launched our COMPASS 2020 growth
programme three years ago. Our current results show that we have grown very
profitably since then. INDUS is growing through selective acquisitions but
also organically. We are benefiting from our excellent access to the
acquisitions market based on our reputation as well as from our increased
portfolio development efforts. We want to grow at an above-average rate
also this year, but at present many leading indicators suggest that both
the German economy and the world economy will expand only very moderately."
The full financial statements for the financial year 2015 will be published
on 12 April 2015.
The full financial calendar is available at
www.indus.de/en/investor-relations/financial-calendar.html
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
---------------------------------------------------------------------------
07.03.2016 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.
The DGAP 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: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart
End of News DGAP News Service
---------------------------------------------------------------------------
442959 07.03.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
INDUS Holding AG ISIN: DE0006200108 können Sie bei EQS abrufen
Beteiligungen , 620010 , INH , XETR:INH