Earnings Release • Nov 8, 2013
Earnings Release
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Corporate | 8 November 2013 10:00
Preliminary nine-month figures: INDUS confirms guidance
INDUS Holding AG / Key word(s): Preliminary Results
08.11.2013 / 10:00
Preliminary nine-month figures: INDUS confirms guidance
– Kieback-Schäfer Group acquires model builder D.M.S. to strengthen its systems expertise
Bergisch Gladbach, 8 November 2013 – In spite of weak economic activity in the eurozone, INDUS reached its sales and EBIT targets in the third quarter of 2013. After a moderate start to the year, the business situation improved notably as the year progressed. The EBIT margin for the third quarter climbed from 9.0% in Q1 and 9.4% in Q2 to 10.3% in the third quarter. Based on preliminary Group figures, sales revenues are expected to stand at approx. EUR 887 million as of the nine-month stage (previous year: EUR 830 million), while the preliminary operating result (EBIT) is expected to come in at EUR 85 million (previous year: EUR 81 million).
‘Based on the good performance to date, we expect to generate an operating result of EUR 108 million to 110 million in the current fiscal year. Our sales revenues will increase significantly and reach between EUR 1.1 billion and 1.2 billion’ said INDUS CEO Jürgen Abromeit.
New acquisitions strengthen the portfolio
With effect from 1 September 2013, the Kieback-Schäfer Group, an INDUS investment in the Vehicle Engineering segment, today acquired D.M.S., Reichertshofen and Munich/Germany. D.M.S provides services to the automotive and commercial vehicle industry, ranging from concept development to clay and hard models and from event models to show cars. Key customers include BMW, MAN (trucks), Magna Steyr, VW, Schröter and, since recently, Chinese car maker Qoros. Employing approx. 20 people, the company will generate sales revenues of roughly EUR 6 million in 2013.
Headquartered in Osnabrück, the Kieback-Schäfer Group develops pre-series functional, testing and cubing models and produces prototype parts for small series as well as for niche and special vehicles. The range of services is complemented by Designstudio KS Pollmann, a Schäfer subsidiary. With the latest acquisition, the Kieback-Schäfer Group will cover the complete development chain for the auto industry, from design to finished pre-series components. The Group will generate sales revenues of approx. EUR 30 million in 2013.
In the year to date, INDUS has acquired six new companies with potential annuals sales in excess of EUR 80 million both directly and indirectly through its investments. Jürgen Abromeit is also optimistic about next year. ‘The current budgeting talks with our 40 investments suggest that our portfolio will generate stable revenues and solid earnings in 2014. We will also continue our consistent growth strategy, which is why we are looking out for further interesting hidden champions.’
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
End of Corporate News
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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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| 238698 08.11.2013 |
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