Earnings Release • Aug 21, 2014
Earnings Release
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Corporate | 21 August 2014 07:30
INDUS continues to post solid growth
INDUS Holding AG / Key word(s): Half Year Results
21.08.2014 / 07:30
INDUS continues to post solid growth
– Good activity in July thanks to stable order situation
– INDUS subsidiary ASS takes over KNUR Maschinenbau
Bergisch Gladbach, 21 August 2014 – As had been expected, business of INDUS Holding AG showed a positive trend in the first half of 2014. At the six-month stage, the Group posted sales revenues of EUR 600.3 million (H1 2013: EUR 568.8 million). Earnings before interest and taxes (EBIT) reached EUR 58.5 million (H1 2013: EUR 55.8 million), while the EBIT margin stood at 9.7% (H1 2013: 9.8%). At EUR 28.1 million, the result for the period exceeded the prior year (H1 2013: EUR 26.4 million).
Notable growth in all five business segments
Sales growth in INDUS business segments ranged from 3% to 9% in the first six months of 2014. The strongest growth was achieved in the Metal Processing segment and the Medical Engineering / Life Science segments. The latter also benefited from revenues (on a small scale) generated by the new ROLKO investment. Earnings before interest and taxes (EBIT) increased by 5% on 2013. Operating cash flow for the first half of 2014 amounted to EUR 18.6 million (H1 2013: EUR 9.0 million). The equity ratio stood at 41.2% (31 Dec. 2013: 43.6%). In spite of several acquisitions and the dividends paid out in early June, INDUS’ liquidity remains high at EUR 102.0 million (H1 2013: EUR 96.5 million).
Acquisitions in the first six months: rehabilitation equipment, telematics and laser welding
In the context of the “Compass 2020” growth strategy, INDUS has defined strategic core segments in which the Group wants to accelerate its growth. In the second quarter, INDUS made the announced acquisition in the Medical Engineering / Life Science segment – one of the defined target segments – by taking over the ROLKO Group. The strategic expansion of existing subsidiaries is another objective of the portfolio development strategy. In May, the IPETRONIK investment therefore acquired a majority interest in SAVVY AG, Switzerland, a provider of telematic solutions for the logistic industry.
In the context of this development strategy, the RÜBSAMEN investment acquired TR Metalltechnik GmbH, Eichenstruth, a laser and welding technology specialist in July 2014. With effect from the same date, INDUS took over the remaining 10% of the shares in ELTHERM GmbH from a co-shareholder. INDUS now holds 100% of the company, which was first acquired in 2013. At the end of July, INDUS established its 42nd subsidiary by splitting off ANCOTECH from the BETOMAX investment. As separate entities, both companies can be supported more effectively in their respective growth strategies.
KNUR Maschinenbau: Recent acquisition in the special machines building and engineering segment
With effect from 20 August, KNUR Maschinenbau GmbH was acquired to reinforce INDUS’ ASS investment. KNUR primarily operates in the field of bonding technology and CFRP (carbon fibre reinforced plastic) manufacture. KNUR currently employs 40 people in planning, development and manufacture in Regensburg. The company generates sales revenues of approx. EUR 6 million. KNUR’s product range includes plant and machinery for the production of lightweight plastic parts and carbon roof structures for premium cars. Going forward, ASS and KNUR will pool their technological and sales organisations, especially for automation systems.
INDUS has so far invested roughly EUR 25 million in the above acquisitions. In addition, approx. EUR 30 million was invested in the existing portfolio. INDUS CEO Jürgen Abromeit has confirmed the Group’s targets for the rest of the financial year. “Our order situation remains very stable in spite of the currently complex economic and political situation. Sales revenues and earnings for the month of July were at a good level. In view of our orders on hand and the forward order book, we are confident also for the second half of the year.” INDUS projects total sales revenues of clearly more than EUR 1.2 billion and EBIT of approx. EUR 118 million.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail [email protected]
21.08.2014 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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| 283159 21.08.2014 |
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