Earnings Release • Nov 19, 2014
Earnings Release
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Corporate | 19 November 2014 07:30
INDUS Holding AG: INDUS reports stable business for 2014
INDUS Holding AG / Key word(s): Interim Report
19.11.2014 / 07:30
INDUS reports stable business for 2014
– Combination of organic growth and targeted acquisitions
Bergisch Gladbach, 19 November 2014 – INDUS’ business results for the nine months ended 30 September 2014 were in line with expectations. At the nine-month stage, the portfolio companies posted revenues of EUR 926.9 million (Q3 previous year: EUR 880.9 million). At EUR 91.5 million, earnings before interest and taxes exceeded the prior year level (Q3 previous year: EUR 88.1 million), while the EBIT margin reached 9.9% (Q3 previous year: 10.0%). Net income for the period amounted to EUR 46.3 million (Q3 previous year: EUR 44.1 million).
Revenue growth in the five segments ranged from 1% to 17%, with the strongest growth recorded in the Medical Engineering / Life Science segment (+17%) and the Metal Processing segment (+9%). The former already includes the sales revenues of ROLKO, which was acquired in May. Business in the Engineering segment remained slightly below expectations (+4%), whereas the Construction/Infrastructure and Vehicle Engineering segments performed as expected. Earnings before interest and taxes for the Group as a whole increased by 4% compared to 2013. Operating cash flow came in at EUR 53.0 million (Q3 previous year: EUR 63.6 million). The equity ratio remains stable at 42.4% (31 Dec. 2013: 43.6%). In spite of the acquisitions and the dividend payout, INDUS’ liquidity stayed at a high EUR 99.3 million (Q3 previous year: EUR 99.3 million).
CEO Jürgen Abromeit expressed his satisfaction with the nine-month result: “Our results are exactly in line with what we communicated. INDUS will reach its targets in 2014 and report sales revenues in excess of EUR 1.2 billion and earnings before interest and taxes of EUR some 118 million. Our business model of broad diversification will pay off once more. Moreover, we are already seeing the positive effects of the targeted portfolio investments made this year and last.”
Acquisitions in 2014: rehabilitation technology, telematics, laser welding, special plant engineering and automation technology
The recently announced acquisition of MBN Maschinenbaubetriebe has strengthened INDUS’ expertise in the automation technology sector. 2014 has seen INDUS acquire a total of five companies generating potential sales revenues of more than EUR 80 million. Moreover, INDUS will invest some EUR 50 million in the plants and machinery of the subsidiaries and sub-subsidiaries.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
19.11.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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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: | Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 297861 19.11.2014 |
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