Publication of Insider Information according to [Art. 17 MAR]

INDUS announces non-cash write-downs on goodwill

Bergisch Gladbach, 20 November 2018

  • Key financial targets will continue to be met
  • Operating forecast remains unchanged

Bergisch Gladbach, 20 November 2018 – In the fourth quarter of 2018, INDUS Holding AG will post non-cash write-downs on goodwill in the amount of EUR 16.2 million in the consolidated financial statements. EUR 9.5 million thereof will be attributable to the Automotive Technology segment, while the Metals Technology segment will account for EUR 6.7 million. These result from the current outlook of the units affected by the write-downs, which became apparent during the current planning process and the subsequent annual impairment tests.

In the Automotive Technology segment, the earnings prospects of an automotive series production supplier are burdened by the extreme pressure on margins in the industry as well as increasingly volatile sales expectations due to the switch to e-mobility. On a global scale, the expected labor cost increases, especially at the German locations, will also have a negative effect on earnings. The write-down on goodwill in the Metals Technology segment is mainly attributable to the ongoing repositioning in Switzerland and the resulting lower margin expectations.

In spite of these impairments, the targets for key financial indicators of the Group will be met: the Board of Management continues to expect an equity ratio of over 40% and a ratio of net debt to EBITDA of between 2.0 and 2.5.

The operating forecast published in the report on the third quarter of 2018 also remains unchanged. The Board of Management continues to project operating earnings before interest and taxes (EBIT) before impairment at the lower end of between EUR 154 million and EUR 160 million. Taking the write-downs on goodwill into account, earnings before interest and taxes of between EUR 138 million and EUR 144 million are expected.

Dr. Johannes Schmidt, Chairman of the Board of Management of INDUS: “Our portfolio is diversified and strong. We are optimistic for 2019 and are confident that our financial leeway will continue to permit an ambitious investment program, further acquisitions and an attractive dividend.”

Data protection is important to us

In order to have the best browsing experience, we recommend that you agree to the use of cookies. Some cookies are essential for the functioning of this website and therefore cannot be deselected. Other cookies help us to personalise content and analyse website traffic. Third-party cookies allow you to access various social media features and receive personalised advertisements.

For more information, click on “Details” or read our privacy policy. You can adjust the settings at any time by clicking on “Cookies” in the bottom left-hand corner.



Only with the necessary cookies, this website is functional. They enable basic functions such as page navigation. These cookies are played by the website operator and are only transmitted to this page.

Analysis & statistics

Statistics cookies help us as the website operator to understand how users interact with our content and which pages are visited. The information is collected and passed anonymously to our service provider.


These cookies are used by service providers to create individualized advertising content for target groups.