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Factsheet

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Results Interim Reports 2023

  • Q3 2023

    Key figures

    in EUR millionQ3 2023Q3 2022
    Sales459.7458.8
    EBITDA72.671.4
    EBIT32.110.3
    Group net income for the year (earnings after taxes)21.7-50.6
    Earnings per share from continuing operations (in EUR)0.87-0.03

    Segment overview

    in EUR millionQ3 2023Q3 2022Difference
    absolute    		Difference
    in %
    Engineering
        Revenue with external third parties153.4144.29.26.4
        EBITDA26.523.13.414.7
        Depreciation/amortization-7.9-8.10.22.5
        EBIT before impairment18.615.03.624.0
        EBIT margin before impairment in %12.110.41.7 pp–
        Impairment-4.8-13.89.065.2
        EBIT13.8-1.212.6>100
        EBIT margin (in %)9.00.88.2 pp–
        Investments2.42.8-0.4-14.3
        Employees2,8462,802441.6
    Infrastructure
        Revenue with external third parties153.4152.50.90.6
        EBITDA25.826.1-0.3-1.1
        Depreciation/amortization-6.5-6.0-0.5-8.3
        EBIT before impairment19.320.1-0.8-4.0
        EBIT margin before impairment in %12.613.2-0.6 pp–
        Impairment-7.5-12.75.240.9
        EBIT11.87.44.459.5
        EBIT margin (in %)7.74.92.8 pp–
        Investments11.04.56.5>100
        Employees2,9342.874602.1
    Materials
        Revenue with external third parties152.8162.1-9.3-5.7
        EBITDA26.025.50.52.0
        Depreciation/amortization-8.2-6.9-1.3-18.8
        EBIT before impairment17.818.6-0.8-4.3
        EBIT margin before impairment in %11.611.50.1 pp–
        Impairment-5.3-13.38.060.2
        EBIT12.55.37.2>100
        EBIT margin (in %)8.23.34.9 pp–
        Investments5.24.11.126.8
        Employees3,1053,137-32.0-1.0

  • 9M 2023

    Key figures

    in EUR million9M 20239M 2022
    Sales1,363.01,345.1
    EBITDA200.6200.1
    EBIT116.997.8
    EBIT margin (in %)8.67.3
    Earnings after taxes43.4-29.9
    Earnings per share from continuing operations (in EUR)2.632.08
    Operating cash flow128.736.2
    Cash flow from operating activities114.722..2
    Cash flow from investing activities-31.5-72.3
    Cash flow from financing activities-41.2101.4
    Free cash flow106.122.2
    in EUR millionSeptember 30, 2023December 31, 2022
    Total assets1,887.61,889.9
    Equity706.5685.2
    Equity ratio (in %)37.436.3
    Working capital538.3496.7
    Net debt569.3593.5
    Cash and cash equivalents150.7127.8
    Portfolio companies
    (number as of reporting date)    		4345

    Segment overview

    in EUR million9M 20239M 2022Difference
    absolute    		Difference
    in %
    Engineering
        Revenue with external third parties434.2414.020..24.9
        EBITDA68.362.75.68.9
        Depreciation/amortization-23.8-22.9-0.9-3.9
        EBIT before impairment44.539.84.711.8
        EBIT margin before impairment in %10.29.60.6 pp–
        Impairment-4.8-13.89.065.2
        EBIT39.726.013.752.7
        EBIT margin (in %)9.16.32.8 pp–
        Investments7.266.9-59.7-89.2
        Employees2,8322,755772.8
    Infrastructure
        Revenue with external third parties444.7446.5-1.8-0.4
        EBITDA63.573.6-10.1-13.7
        Depreciation/amortization-19.1-18.1-1.0-5.5
        EBIT before impairment44.455.5-11.1-20.0
        EBIT margin before impairment in %10.012.4-2.4 pp–
        Impairment-7.5-12.45.240.9
        EBIT36.942.8-5.9-13.9
        EBIT margin (in %)8.39.6-1.3 pp–
        Investments26.810.216.6>100
        Employees2,9432,866772.7
    Materials
        Revenue with external third parties484.4484.40.00.0
        EBITDA78.272.45.88.0
        Depreciation/amortization-22.4-20.7-1.7-8.2
        EBIT before impairment55.851.74.17.9
        EBIT margin before impairment in %11.510.70.8 pp–
        Impairment-5.3-13.38.060.2
        EBIT50.338.412.131.5
        EBIT margin (in %)10.47.92.5 pp–
        Investments11.310.11.211.9
        Employees3,1223,148-26.0-0.8

  • Q2 2023

    Key figures

    in EUR millionQ2 2023Q2 2022
    Sales453.3469.9
    EBITDA62.067.2
    EBIT40.146.0
    Group net income for the year (earnings after taxes)5.716.1
    Earnings per share from continuing operations (in EUR)0.831.16

    Segment overview

    in EUR millionQ2 2023Q2 2022Difference
    absolute    		Difference
    in %
    Engineering
        Revenue with external third parties138.6149.4-10.8-7.2
        EBITDA18.418.5-0.1-0.5
        Depreciation/amortization-8.1-7.9-0.2-2.5
        EBIT10.310.6-0.3-2.8
        EBIT margin (in %)7.47.00.4 pp–
        Investments3.061.8-58.8-95.1
        Employees2,8322,785471.7
    Infrastructure
        Revenue with external third parties149.8154.5-4.7-3.0
        EBITDA20.925.4-4.5-17.7
        Depreciation/amortization-6.5-6.1-0.4-6.6
        EBIT14.419.3-4.9-25.4
        EBIT margin (in %)9.612.5-2.9 pp–
        Investments3.23.6-0.4-11.1
        Employees2,9632,865983.4
    Materials
        Revenue with external third parties164.7165.8-1.1-0.7
        EBITDA25.125.9-0.8-3.1
        Depreciation/amortization-7.1-6.8-0.3-4.4
        EBIT18.019.1-1.1-5.8
        EBIT margin (in %)10.911.5-0.6 pp–
        Investments3.43.5-0.1-2.9
        Employees3,1213,159-38-1.2

  • H1 2023

    Key figures

    in EUR millionH1 2023H1 2022
    Sales904.1886.3
    EBITDA128.161.4
    EBIT84.987.4
    EBIT margin (in %)9.49.9
    Group net income for the year (earnings after taxes)21.720.7
    Earnings per share from continuing operations (in EUR)1.762.10
    Operating cash flow39.2-15.1
    Cash flow from operating activities28.4-25.9
    Cash flow from investing activities-12.9-61.3
    Cash flow from financing activities-9.2103.0
    Free cash flow35.2-17.6
    in EUR millionJune 30, 2023December 31, 2022
    Total assets1,917.11,889.9
    Equity681.9685.2
    Equity ratio (in %)35.636.3
    Working capital558.0496.7
    Net debt624.0593.5
    Cash and cash equivalents118.9127.8
    Portfolio companies
    (number as of reporting date)    		4545

    Segment overview

    in EUR millionH1 2023H1 2022Difference
    absolute    		Difference
    in %
    Engineering
        Revenue with external third parties280.7269.810.94.0
        EBITDA41.839.62.25.6
        Depreciation/amortization-15.9-14.8-1.1-7.4
        EBIT25.924.81.14.4
        EBIT margin (in %)9.29.20.0 pp–
        Investments4.864.0-59.2-92.5
        Employees2,8242,732923.3
    Infrastructure
        Revenue with external third parties291.3294.0-2.7-0.9
        EBITDA37.847.5-9.7-20.4
        Depreciation/amortization-12.7-12.1-0.6-5.0
        EBIT25.135.4-10.3-29.1
        EBIT margin (in %)8.612.0-3.4 pp–
        Investments15.85.710.1>100
        Employees2,9472,862853.0
    Materials
        Revenue with external third parties331.5322.39.22.9
        EBITDA52.346.95.411.5
        Depreciation/amortization-14.2-13.8-0.4-2.9
        EBIT38.133.15.015.1
        EBIT margin (in %)11.510.31.2 pp–
        Investments6.16.00.11.7
        Employees3,1313,154-23-0.7

  • Q1 2023

    Key figures

    in EUR millionQ1 2023Q1 2022
    Sales450.8416.5
    EBITDA66.161.4
    EBIT44.841.4
    EBIT margin (in %)9.99.9
    Group net income for the year
    (earnings after taxes)    		16.04.6
    Earnings per share (in EUR)0.930.94
    Operating cash flow1.5-17.8
    Cash flow from operating activities-1.0-20.1
    Cash flow from investing activities-2.92.9
    Cash flow from financing activities-1.228.0
    in EUR millionMarch 31, 2023December 31, 2022
    Total assets1,920.61,889.9
    Equity669.1685.2
    Equity ratio (in %)36.436.3
    Working capital536.8496.7
    Net debt610.5593.5
    Cash and cash equivalents116.6127.8
    Portfolio companies
    (number as of reporting date)    		4545

    Segment overview

    in EUR millionQ1 2023Q1 2022Difference
    absolute    		Difference
    in %
    Engineering
        Revenue with external third parties142.1120.421.718.0
        EBITDA23.421.12.310.9
        Depreciation/amortization-7.8-6.9-0.9-13.0
        EBIT15.614.21.49.9
        EBIT margin (in %)11.011.8-0.8 pp–
        Investments1.82.3-0.5-21.7
        Employees2,8172,6791385.2
    Infrastructure
        Revenue with external third parties141.5139.52.01.4
        EBITDA16.822.1-5.3-24.0
        Depreciation/amortization-6.1-6.0-0.1-1.7
        EBIT10.716.1-5.4-33.5
        EBIT margin (in %)7.611.5-4.0 pp–
        Investments12.62.110.5>100
        Employees2,9312,859722.5
    Materials
        Revenue with external third parties166.8156.510.36.6
        EBITDA27.221.06.229.5
        Depreciation/amortization-7.1-7.0-0.1-1.4
        EBIT20.114.06.143.6
        EBIT margin (in %)12.18.93.1 pp–
        Investments2.72.50.28.0
        Employees3,1403,148-8.0-0.2

Results fiscal year 2023

Generate factsheet

Statement of income

in EUR million2023*2022*2021**20202019
Sales1,802.41,804.11,633.51,558.61,742.8
     of which domestic 906.5896.9837.6801.8890.2
     of which domestic (in %) 50.349.751.351.451.1
     of which abroad 895.9907.2795.8756.8852.6
     of which abroad (in %) 49.750.348.748.648.9
EBITDA258.1262.5251.2157.7225.7
     in % of sales14.314.615.410.113.0
Adjusted EBITA188.1194.3181.975.3144.5
     in % of sales10.410.811.14.88.3
EBIT149.6133.7165.625.1117.9
     in % of sales8.37.410.11.66.8
EBT139.7115.9149.79.699.0
Group net income for the year 56.1-41.447.6-26.960.1

Segment key figures

2023EngineeringInfrastructureMaterialsINDUS-Group
Sales599.6582.2619.91,802.4
EBITDA94.583.093.7258.1
    in % of sales15.814.315.114.3
Adjusted EBITA73.561.866.7188.1
    in % of sales12.310.610.810.4
EBIT57.049.357.3149.6
    in % of sales9.58.59.28.3
Portfolio companies (number as of 31.12.)15141443
Employees2,8422,9343,1078,929

2022EngineeringInfrastructureMaterialsINDUS-Gruppe
Sales580.9586.0636.81,804.1
EBITDA92.688.592.4262.5
    in % of sales15.915.114.514.6
Adjusted EBITA71.668.667.5194.3
    in % of sales12.311.710.610.8
EBIT47.441.349.9133.7
    in % of sales8.28.87.87.4
Portfolio companies (number as of 31.12.)16141545
Employees2,7712,8753,1518,837

Statement of Cash Flow

in EUR million 2023*2022*2021**2020 2019
Operating cash flow240.1137.1177.7174.4167.7
Free cash flow198.9101.5139.0122.1120.7
Cash flow from operating activities217.6116.3158.3155.2147.3
Cash flow from investing activities-50.1-94.4-106.0-52.4-76.2
Cash flow from financing activties-0.555.9-40.8-42.0-46.1
Cash and cash equivalents265.8127.8136.3194.7135.1

Statement of Financial Position

in EUR million 31.12.2023 31.12.202231.12.202131.12.2020 31.12.2019
Total assets1,928.81,889.91,857.41,728.81,808.2
Equity719.7694.8787.5676.4727.7
Equity ratio (in %)37.336.842.439.140.2
Equity ratio2 (in %)7.8-6.06.0-4.08.3
Net debt3506.2593.5504.2518.9546.2
Net debt/EBITDA2.02.32.03.32.4
Working capital4466.9496.7443.9410.5478.3
Gearing50.70.90.60.80.8

Investments and depreciation/amortization

in EUR million 2023*2022*2021**2020 2019
Investments70.8111.3119.953.5107.5
     of which in company acquisitions8.958.867.30.029.2
     of which in intangible assets10.88.07.08.411.0
     of which in property, plant and equipment51.146.545.644.167.3

Share

in EUR 2023202220212020 2019
Average number of shares26,895,55926,895,55926,332,86324,450,50924,450,509
Market capitalization (in EUR million)601.1590.4880.8784.9949.9
Year-end price (XETRA)22.3521.9532.7532.1038.85
Year-high closing price (XETRA)27.4034.3537.3040.4547.45
Year-low closing price (XETRA)18.2417.4429.4021.4031.45
Earnings per share Group3.13.043.68-1.102.43
Cash flow per share Group8.094.336.016.356.02
Dividend per share Group1.20.801.050.800.80
Dividend yield (in %)5.43.63.22.52.1
Dividend payout ratio (in %)38.379.051.960.024.6
2023*2022**20212020 2019
Portfolio companies (number as of 31.12.)4345444647
Employees within the Group (on average)8,9298,8379,06310,64410,856

1 Impairment losses on goodwill, property, plant and equipment and intangabile assets

2 Earning after taxes/equity

3 Non-current and current financial liabilities – cash and cash equivalents

4 Inventories + trade receivables – trade payables – advance payments – contract liabilities

5 Net debt/equity

6 Dividend per share for the respective financial year; dividend proposal for the 2023 financial year – subject to approval by the Annual Shareholders’ Meeting on 22 May 2024

* From continuing operations

** Retrospectively adjusted, from continuing operations

Contact Person: Dafne Sanac

Contact Person

Dafne Sanac

Investor Relations

+49 (0)2204/40 00-32investor.relations@indus.devoting-rights@indus.de

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