16.08.2016
INDUS Holding AG DE0006200108
DGAP-News: INDUS generates record result in Q2
DGAP-News: INDUS Holding AG / Key word(s): Half Year Results
INDUS generates record result in Q2
16.08.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
INDUS generates record result in Q2
- Sales revenues up approx. 6% at half-year stage; EBIT up 10.5%; earnings
after taxes up approx. 16%; earnings per share at EUR 1.50
- Further additions acquired; more acquisitions may follow in H2
Bergisch Gladbach, 16 August 2016 - With sales revenues of EUR 382.1
million and EBIT of EUR 38.8 million for Q2 2016, INDUS posted the highest
quarterly result in the company's history. The strong leap in revenues and
earnings in the period from April to June more than offset the weaker-than-
expected performance in the first three months of the year.
Sales revenues for the first six months increased by 5.8% to EUR 714.9
million (previous year H1: EUR 675.6 million). Earnings before interest and
taxes (EBIT) reached EUR 69.3 million (previous year H1: EUR 62.7 million).
Adjusted for effects from company acquisitions (essentially depreciation
from purchase price allocations), EBIT stood at EUR 75.5 million (previous
year H1: EUR 68.0 million). At EUR 37.0 million, earnings after taxes
exceeded the prior year level (previous year H1: EUR 32.0 million).
Operating cash flow amounted to EUR 31.3 million (previous year H1: EUR
26.4 million). The equity ratio declined slightly to 40.4% (31 Dec. 2015:
41.9%) as a result of the acquisitions. Net cash used in investing
activities reached EUR -54.4 million at the six-month stage (previous year
H1: EUR -55.5 million). At EUR 97.8 million, cash and cash equivalents were
more or less on a par with the previous year(previous year H1: EUR 95.6
million).
The first half of 2016 saw INDUS acquire another portfolio company as well
as additions to existing investments ("sub-subsidiaries"). We already
reported on the four strategic additions (COMPUTEC, CREAPHYS, CAETEC and
MBH Solutions) and the acquisition at portfolio level (H. HEITZ). Most
recently, on 22 July, another sub-subsidiary (IN-SITU based in Sauerlach)
was acquired by INDUS investment MIKROP.
IN-SITU develops optical test systems such as "DotScan", a Braille
inspection system with 3D inspection technology used for the quality
control of braille on packagings and for the detection of pinholes in paint
finishes, a laser scan system for 3D geometries on vehicles in car washes
as well as a mobile system for the optical inspection of brake disks.
Established in 2001, the company was looking for a strategic partner to
support stronger growth. MIKROP specialises in the development and
production of high-precision miniature optics.
INDUS more than offset the weak result of the first quarter in the
following months. Primarily due to positive effects in the construction
sector, the company's performance slightly exceeded its projections at the
half-year stage. In the second half of the year, however, the INDUS Board
of Management expects a moderate counter-effect. Moreover, it is impossible
to precisely predict potential negative effects of the latest developments
(Brexit, terrorist attacks in France and Germany, bank crisis in Italy and
the attempted coup in Turkey).
The INDUS Board of Management maintains its forecast and expects full-year
sales revenues to climb to over EUR 1.4 billion and EBIT to reach between
EUR 134 million and EUR 138 million. "Should this positive business trend
continue in the third quarter, however, we may upgrade our earnings
forecast," says Jürgen Abromeit, CEO of INDUS. He once again emphasised the
growth targets: "In spite of the increasingly complex environment, we will
continue our growth strategy, relying on both organic growth and
acquisitions. There is a lively M&A market at acceptable prices, even if
many investors currently claim the opposite. This is reflected in our
latest acquisitions."
The full interim financial statements of INDUS Holding AG are available for
download at www.indus.de. For important information about INDUS, also use
the INDUS app (http://www.indus.de/en/press-service/indus-app.html).
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
---------------------------------------------------------------------------
16.08.2016 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.
Archive at 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, Tradegate Exchange
End of News DGAP News Service
---------------------------------------------------------------------------
492809 16.08.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
INDUS Holding AG ISIN: DE0006200108 können Sie bei EQS abrufen
Beteiligungen , 620010 , INH , XETR:INH