Results Interim Reports 2024
- Q1 2024
Key figures
in EUR million Q1 2024 Q1 2023 Sales 410,1 450.8 EBITDA 48.5 66.1 in % of sales 11.8 14.7 Adjusted EBITA 31.5 49.5 in % of sales 7.7 11.0 EBIT 26.7 44.8 in % of sales 6.5 9.9 Earnings after taxes 10.3 16.0 Earnings per share * 0.38 0.60 Operating cash flow 12.1 1.5 Cash flow from operating activities 10.1 -1.0 Cash flow from investing activities -12.1 -2.9 Cash flow from financing activities -52.4 -1.2 6.1 7.5 in EUR million March 31, 2024 December 31, 2023 Total assets 1,903.0 1,928.8 Equity 703.7 719.7 Equity ratio (in %) 37.0 37.3 Working capital 481.4 466.9 Net debt 546.5 506.2 Cash and cash equivalents 211.3 265.8 Portfolio companies
(number as of reporting date)44 43 Segment overview
in EUR million Q1 2024 Q1 2023 Difference
absoluteDifference
in %Engineering Revenue with external third parties 129.4 142.1 -12.7 -8.9 EBITDA 15.3 23.4 -8.1 -34.6 in % of sales 11.8 16.5 4.7 pp – Depreciation/amortization -8.0 -7.8 -0.2 -2,6 of which PPA depreciation ** -2.9 -2.9 0.0 0.0 of which impairment 0.0 0.0 0.0 – EBITA (adjusted) *** 10.2 18.5 -8.3 -44.9 in % of sales 7.9 13.0 5.1 pp – EBIT 7.3 15.6 -8.3 -53.2 in % of sales 5.6 11.0 -5.4 pp – Investments 3.0 1.8 1.2 66.7 Employees 2,907 2,817 90 3.2 Infrastructure Revenue with external third parties 131.9 141.5 -9.6 -6.8 EBITDA 17.9 16.8 1.1 6.5 in % of sales 13.6 11.9 1.7 pp – Depreciation/amortization -6.5 -6.1 -0.4 -6.6 of which PPA depreciation ** -1.4 -1.1 -0.3 -27.3 of which impairment 0.0 0.0 0.0 – EBITA (adjusted) *** 12.8 11.8 1.0 8.5 in % of sales 9.7 8.3 1.4 pp – EBIT 11.4 10.7 0.7 6.5 in % of sales 8.6 7.6 1.0 pp – Investments 7.2 12.6 -5.4 -42.9 Employees 2,852 2,931 -79 -2.7 Materials Revenue with external third parties 148.6 166.8 -18.2 -10.9 EBITDA 18.8 27.2 -8.4 -30.9 in % of sales 12.7 16.3 -3.6 pp – Depreciation/amortization -7.0 -7.1 0.1 1.4 of which PPA depreciation ** -0.6 -0.7 0.1 14.3 of which impairment 0.0 0.0 0.0 – EBITA (adjusted) *** 12.4 20.8 -8.4 -40.4 in % of sales 8.3 12.5 -4.2 pp – EBIT 11.8 20.1 -8.3 -41.3 in % of sales 7.9 12.1 -4.2 pp – Investments 2.2 2.7 -0.5 -18.5 Employees 3,009 3,140 -131.0 -4.2 * Earnings per share from continuing and discontinued operations.
** The term PPA depreciation includes depreciation on assets from purchase price allocations.
*** The term EBITA (adjusted) includes the operating income (EBIT) plus PPA depreciation and impairments.
Results fiscal year 2023
Generate factsheetStatement of income
in EUR million | 2023* | 2022* | 2021** | 2020 | 2019 |
---|---|---|---|---|---|
Sales | 1,802.4 | 1,804.1 | 1,633.5 | 1,558.6 | 1,742.8 |
of which domestic | 906.5 | 896.9 | 837.6 | 801.8 | 890.2 |
of which domestic (in %) | 50.3 | 49.7 | 51.3 | 51.4 | 51.1 |
of which abroad | 895.9 | 907.2 | 795.8 | 756.8 | 852.6 |
of which abroad (in %) | 49.7 | 50.3 | 48.7 | 48.6 | 48.9 |
EBITDA | 258.1 | 262.5 | 251.2 | 157.7 | 225.7 |
in % of sales | 14.3 | 14.6 | 15.4 | 10.1 | 13.0 |
Adjusted EBITA | 188.1 | 194.3 | 181.9 | 75.3 | 144.5 |
in % of sales | 10.4 | 10.8 | 11.1 | 4.8 | 8.3 |
EBIT | 149.6 | 133.7 | 165.6 | 25.1 | 117.9 |
in % of sales | 8.3 | 7.4 | 10.1 | 1.6 | 6.8 |
EBT | 139.7 | 115.9 | 149.7 | 9.6 | 99.0 |
Group net income for the year | 56.1 | -41.4 | 47.6 | -26.9 | 60.1 |
Segment key figures
2023 | Engineering | Infrastructure | Materials | INDUS-Group |
---|---|---|---|---|
Sales | 599.6 | 582.2 | 619.9 | 1,802.4 |
EBITDA | 94.5 | 83.0 | 93.7 | 258.1 |
in % of sales | 15.8 | 14.3 | 15.1 | 14.3 |
Adjusted EBITA | 73.5 | 61.8 | 66.7 | 188.1 |
in % of sales | 12.3 | 10.6 | 10.8 | 10.4 |
EBIT | 57.0 | 49.3 | 57.3 | 149.6 |
in % of sales | 9.5 | 8.5 | 9.2 | 8.3 |
Portfolio companies (number as of 31.12.) | 15 | 14 | 14 | 43 |
Employees | 2,842 | 2,934 | 3,107 | 8,929 |
2022 | Engineering | Infrastructure | Materials | INDUS-Gruppe |
---|---|---|---|---|
Sales | 580.9 | 586.0 | 636.8 | 1,804.1 |
EBITDA | 92.6 | 88.5 | 92.4 | 262.5 |
in % of sales | 15.9 | 15.1 | 14.5 | 14.6 |
Adjusted EBITA | 71.6 | 68.6 | 67.5 | 194.3 |
in % of sales | 12.3 | 11.7 | 10.6 | 10.8 |
EBIT | 47.4 | 41.3 | 49.9 | 133.7 |
in % of sales | 8.2 | 8.8 | 7.8 | 7.4 |
Portfolio companies (number as of 31.12.) | 16 | 14 | 15 | 45 |
Employees | 2,771 | 2,875 | 3,151 | 8,837 |
Statement of Cash Flow
in EUR million | 2023* | 2022* | 2021** | 2020 | 2019 |
---|---|---|---|---|---|
Operating cash flow | 240.1 | 137.1 | 177.7 | 174.4 | 167.7 |
Free cash flow | 198.9 | 101.5 | 139.0 | 122.1 | 120.7 |
Cash flow from operating activities | 217.6 | 116.3 | 158.3 | 155.2 | 147.3 |
Cash flow from investing activities | -50.1 | -94.4 | -106.0 | -52.4 | -76.2 |
Cash flow from financing activties | -0.5 | 55.9 | -40.8 | -42.0 | -46.1 |
Cash and cash equivalents | 265.8 | 127.8 | 136.3 | 194.7 | 135.1 |
Statement of Financial Position
in EUR million | 31.12.2023 | 31.12.2022 | 31.12.2021 | 31.12.2020 | 31.12.2019 |
---|---|---|---|---|---|
Total assets | 1,928.8 | 1,889.9 | 1,857.4 | 1,728.8 | 1,808.2 |
Equity | 719.7 | 694.8 | 787.5 | 676.4 | 727.7 |
Equity ratio (in %) | 37.3 | 36.8 | 42.4 | 39.1 | 40.2 |
Equity ratio2 (in %) | 7.8 | -6.0 | 6.0 | -4.0 | 8.3 |
Net debt3 | 506.2 | 593.5 | 504.2 | 518.9 | 546.2 |
Net debt/EBITDA | 2.0 | 2.3 | 2.0 | 3.3 | 2.4 |
Working capital4 | 466.9 | 496.7 | 443.9 | 410.5 | 478.3 |
Gearing5 | 0.7 | 0.9 | 0.6 | 0.8 | 0.8 |
Investments and depreciation/amortization
in EUR million | 2023* | 2022* | 2021** | 2020 | 2019 |
---|---|---|---|---|---|
Investments | 70.8 | 111.3 | 119.9 | 53.5 | 107.5 |
of which in company acquisitions | 8.9 | 58.8 | 67.3 | 0.0 | 29.2 |
of which in intangible assets | 10.8 | 8.0 | 7.0 | 8.4 | 11.0 |
of which in property, plant and equipment | 51.1 | 46.5 | 45.6 | 44.1 | 67.3 |
Share
in EUR | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Average number of shares | 26,895,559 | 26,895,559 | 26,332,863 | 24,450,509 | 24,450,509 |
Market capitalization (in EUR million) | 601.1 | 590.4 | 880.8 | 784.9 | 949.9 |
Year-end price (XETRA) | 22.35 | 21.95 | 32.75 | 32.10 | 38.85 |
Year-high closing price (XETRA) | 27.40 | 34.35 | 37.30 | 40.45 | 47.45 |
Year-low closing price (XETRA) | 18.24 | 17.44 | 29.40 | 21.40 | 31.45 |
Earnings per share Group | 3.1 | 3.04 | 3.68 | -1.10 | 2.43 |
Cash flow per share Group | 8.09 | 4.33 | 6.01 | 6.35 | 6.02 |
Dividend per share Group | 1.2 | 0.80 | 1.05 | 0.80 | 0.80 |
Dividend yield (in %) | 5.4 | 3.6 | 3.2 | 2.5 | 2.1 |
Dividend payout ratio (in %) | 38.3 | 79.0 | 51.9 | 60.0 | 24.6 |
2023* | 2022** | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Portfolio companies (number as of 31.12.) | 43 | 45 | 44 | 46 | 47 |
Employees within the Group (on average) | 8,929 | 8,837 | 9,063 | 10,644 | 10,856 |