INDUS Holding AG

Earnings Release • May 19, 2015

News Details

Corporate | 19 May 2015 08:00

INDUS has good start to the year

INDUS Holding AG / Key word(s): Quarter Results

2015-05-19 / 08:00

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INDUS has good start to the year

– Investments in 2015 will focus on acquisitions and international expansion

– Earnings per share improved to EUR 0.65

Bergisch Gladbach, 19 May 2015 – The INDUS Group had a good start to the new year. As had been expected, sales revenues increased sharply on the same period of the previous year and climbed approx. 14% to EUR 327.9 million (Q1 previous year: EUR 287.2 million). EBIT amounted to EUR 31.5 million in Q1 2015 (Q1 previous year: EUR 28.3 million), which represents an increase by approx. 11%. The INDUS Group’s average EBIT margin reached 9.6% (previous year: 9.8%). The sharp rise in sales revenues is primarily attributable to the first-time inclusion of the acquisitions made in the course of 2014.

The INDUS shareholders’ earnings after taxes climbed to EUR 15.8 million, (Q1 previous year: EUR 13.0 million), while earnings per share of the continued operations amounted to EUR 0.65 (Q1 previous year: EUR 0.60). Operating cash flow improved from EUR -9.8 million in Q1 2014 to EUR 3.5 million in Q1 2015. As of 31 March 2015, INDUS’ cash and cash equivalents again amounted to roughly EUR 95 million, while the equity ratio remained unchanged at 42.0% (31 December 2014: 42.0%).

Investment activity continues at high level

For 2015, the INDUS Group has again set itself the objective of developing and expanding its portfolio through acquisitions. This year the acquisitions will focus on the medical engineering/life science and automation segments. The acquisition of the production facility of ESDA-Werke in Glauchau and their integration in the first quarter as well the takeover of NEA B.V., a Dutch company specialising in orthotic devices show that OFA Bamberg continues its growth strategy; the company became a member of the INDUS Group in 2000 and has since boosted its sales revenues from roughly EUR 31 million to over EUR 60 million.

With regard to the development of its portfolio, INDUS will primarily aim for greater internationalisation and plans to establish five new companies outside Germany this year. In the first three months of the year, the INDUS Group already invested a total of roughly EUR 22 million. This does not include the acquisition of 100% of the shares in NEA, which took place in the second quarter.

Guidance for 2015 confirmed

Jürgen Abromeit, CEO of the INDUS Group, announced additional acquisitions for 2015. “We are in promising talks with interesting family-run companies from the medical engineering and automation segments.” The Board of Management has confirmed the revenue and earnings forecast and projects sales revenues of up to EUR 1.3 billion and earnings before interest and taxes of between EUR 125 million and EUR 130 million for the INDUS Group. These figures do not include sales and earnings contributions made by acquisitions.

Contact:

Regina Wolter

Corporate Communications & Investor Relations

Phone +49 2204 4000 70

E-Mail wolter@indus.de

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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:	indus@indus.de
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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358711  2015-05-19