INDUS Holding AG

Earnings Release • Aug 26, 2010

News Details

Corporate | 26 August 2010 08:00

INDUS on the growth track in 2010

INDUS Holding AG / Interim Report

26.08.2010 08:00

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INDUS on the growth track in 2010

Bergisch Gladbach, 26 August 2010 - SDAX-listed INDUS Holding AG has closed
the first six months of 2010 with strong results. Sales revenues increased
by approx. 25% to EUR 450.3 million (H1 2009: EUR 361.7 million), while
EBIT doubled to EUR 46.5 million (H1 2009: EUR 22.1 million). An EBIT
margin of 10.3% means that INDUS is back to pre-recession yield levels.
'The combination of cutting costs, increasing flexibility and investing in
research and development is now paying off,' said CEO Helmut Ruwisch. 'This
is best reflected in earnings before taxes, which increased almost fourfold
to EUR 33.3 million.'

Increased demand in all five segments

All business segments reported increased sales and earnings. Especially
remarkable is the fact that the INDUS Group was able to improve its
earnings quality and clearly boost its EBIT margin in all five segments.
The Automotive Components/Engineering segment achieved an impressive
turnaround, with sales revenues up by 50% and earnings before interest and
taxes coming in at EUR 9.2 million - compared to a loss of EUR 3.5 million
in the first half of 2009. The Metal/Metal Processing segment performed
equally well and boosted its sales revenues by almost one third and its
EBIT by approx. 125%.

Equity ratio continues to improve

Due to the growth-related increase in working capital, INDUS reported a
moderately lower operating cash flow of EUR 30.1 million at the half-year
stage (H1 2009: EUR 33.5 million). The Group's liquidity remains high at
EUR 79.1 million and the equity ratio rose to 27.3% (H1 2009: 26.5%).

Forecast for 2010: Sales up 15% to 20%. EBIT up 35% to 40%

A good result is on the cards for INDUS also in the third quarter. The
declining momentum in the USA and Asia suggests that the fast growth in the
German economy can hardly be maintained. Also, the economic stimulus
packages will expire and the prices of commodities and energy are on the
increase. These are the first indications of a slowdown, which makes INDUS
a bit more cautious about the fourth quarter.

INDUS projects a very good performance for the full year 2010. The company
has set itself a sales target of EUR 900 million and an EBIT target of EUR
75 to 80 million. While the economy is likely to ease somewhat towards the
end of the year, INDUS expects stable economic growth for 2011.

Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail wolter@indus.de

26.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Deutschland
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: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Hamburg, München, Berlin, Stuttgart

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