Earnings Release • May 28, 2013
Earnings Release
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Corporate | 28 May 2013 08:00
INDUS optimistic about 2013
INDUS Holding AG / Key word(s): Quarter Results
28.05.2013 / 08:00
INDUS optimistic about 2013
– Stable business in the first quarter
– Acquisitions and portfolio development for continued growth
Bergisch Gladbach, 28 May 2013 – INDUS reports solid figures for the first three months of FY 2013. Sales revenues were up by 2% on the same period of the previous years thanks to a good order backlog. The Group, which comprises 39 small and medium-sized industrial enterprises, generated total sales revenues of EUR 265.4 million (previous year Q1: EUR 259.2 million). At EUR 24.0 million (previous year Q1: EUR 24.2 million), first-quarter EBIT was also on a par with the previous year.
The INDUS Group’s EBIT margin averaged 9.0% (previous year: 9.3%); experience has shown that the first quarter tends to be the weaker period compared to the year as a whole due to seasonal factors. Net income for the period for the INDUS shareholders increased to EUR 12.3 million (previous year Q1: EUR 11.3 million) due to reduced interest expenses. Operating cash flow improved from EUR -32.6 million in Q1 2012 to EUR -14.3 million in Q1 2013. As of 31 March 2013, INDUS had high liquid funds of EUR 107 million and again posted a high equity ratio of 36.5% (31 December 2012: 38.6%).
First milestones of ‘Compass 2020’ reached
INDUS aims to accelerate its growth in the coming years and has laid down the respective targets in the ‘Compass 2020’ strategy. Under the motto, ‘buy and hold and develop’, INDUS wants to develop its portfolio and expand it trough selective acquisitions.
CEO Jürgen Abromeit is satisfied with the first successes and has announced further acquisitions. ‘We had a good start in January, when we acquired the BUDDE Group. BUDDE is a medium-sized company focusing on the logistic sector, which is one of our defined target segments. The takeover of the remaining shares in HAKAMA AG in April marked the next step. As a solution provider for medical equipment HAKAMA also was a target candidate. I think we will be able to announce at least one more addition to our portfolio before the end of this year.’
The Group also made some progress in developing its portfolio; the Vehicle Engineering segment boosted its profit by over 20% and saw its EBIT margin return to a pre-crisis level of 8%; the Construction/Infrastructure segment outperformed the sector as a whole and generated a slightly improved operating result, although the construction sector in general suffered from the long winter.
Positive outlook for 2013 confirmed
INDUS expects business to remain stable in the first half of 2013. Global economic growth should stabilise as the year progresses, albeit at a low level. However, the growth outlook is adversely affected by the prevailing uncertainty in the financial markets; moreover, the outlook for the auto industry is weak, especially in Europe. By contrast, positive stimuli are expected to come from the emerging countries, especially in Asia.
‘As we intensify our internationalisation efforts, especially in the growth regions, and accelerate our acquisition and development strategy for the portfolio, INDUS projects good business for this year, however,’ says Jürgen Abromeit. ‘We therefore confirm our outlook for the year 2013 and aim to slightly exceed the previous year’s sales and earnings.’
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
End of Corporate News
28.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory 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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| 213354 28.05.2013 |
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