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INDUS Holding AG
Earnings Release • Aug 8, 2019
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Earnings Release
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Ad-hoc | 8 August 2019 08:01
INDUS Holding AG: Preliminary half-year results and revision of earnings forecast 2019
INDUS Holding AG / Key word(s): Change in Forecast
INDUS Holding AG: Preliminary half-year results and revision of earnings forecast 2019
08-Aug-2019 / 08:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014
Key words: Change in Forecast
Preliminary half-year results and revision of earnings forecast 2019
Bergisch Gladbach, 8 August 2019 – According to preliminary figures INDUS Holding AG has increased the group sales for the first half-year by 3.8% to 876.5 Mio. EUR (last year 844.7 Mio. EUR). Group EBIT decreased by 12.6% to 66.5 Mio. EUR (last year 76.1 Mio. EUR). The main reason for this is a 9.4 Mio. EUR lower EBIT contribution of the Automotive Technology segment. This can be attributed to the difficult situation in the automotive industry.
The cash flow from operating activities in the first half-year shows a distinct positive development resulting from improved working capital management and a lower increase in inventory as compared to last year. The cash flow from operating activities in the first half-year amounts to +24.4 Mio. EUR as compared to -22.4 Mio. EUR in the first half-year of last year.
Based on the preliminary half-year figures and the reduced expectations due to the situation in the automotive industry for the second half-year of 2019 and taking into account the contribution to earnings from the sale of a minority interest amounting to 16.5 Mio. EUR (anticipated during the third quarter 2019, as reported in Ad-hoc release from 23 July 2019), we now expect for the full year 2019 a stable sales forecast and an operating result (EBIT) in the range from 152 to 158 Mio. EUR instead of 156 to 162 Mio. EUR as previously predicted.
The breakdown of EBIT is shown on page 10 and cash flow from operational activities is composed as shown on page 14 of the Q1 2019 Interim Report of INDUS Holding AG.
The complete Half-Year Report for 2019 will be published on 13 August 2019.
Contact:
Mandy Lange & Julia Pschribülla
Corporate Communications & Investor Relations
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Tel +49 (0) 022 04 / 40 00-31
Tel +49 (0) 022 04 / 40 00-66
E-mail [email protected]
E-mail [email protected]
08-Aug-2019 CET/CEST 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, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 854139 |
| End of Announcement | DGAP News Service |