Financial and press releases
INDUS presents preliminary figures: Sales revenues climb to EUR 1.71 billion
• 4.5% increase in revenues slightly above plan
• Repositioning exercises in Automotive Technology segment continue
• EBIT before impairment of around EUR 151 million slightly below plan
According to preliminary, unaudited figures for the fiscal year 2018, INDUS Holding AG clearly reached its revenue targets. The forecast for the past fiscal year projected revenues of between EUR 1.65 billion and EUR 1.7 billion. Based on the preliminary figures for the Group, revenues amounted to around EUR 1.71 billion (previous year: EUR 1.64 billion). Four of the Group’s five segments performed extremely well. The Construction/Infrastructure segment again recorded very pleasant revenue growth and high earnings. The Metals Technology segment also recorded year-on-year growth. By contrast, the weakness in the Automotive Technology segment continued, with expenses for repositioning exercises rising once again. As a result, the INDUS Group’s earnings before interest and taxes (EBIT) before impairment amounted to approx. EUR 151 million, which is slightly below the previous year’s EUR 152.9 million and the forecast of between EUR 154 million and EUR 160 million.
In the fourth quarter of 2018, the INDUS Group recognized non-cash impairment losses on goodwill of approx. EUR 16 million for the Automotive Technology and Metals Technology segments in the consolidated financial statements. Earnings before interest and taxes (EBIT) thus came to roughly EUR 135 million. The INDUS Group again fully reached its targets of an equity ratio of over 40 percent and a debt repayment period within the target range of 2 to 2.5 years.
“As part of the PARKOUR strategy program, we want to promote innovation and, in particular, increase operational excellence in our portfolio companies,” says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management. “We expect this to have a positive impact on earnings. Even though experts are forecasting a moderate slowdown in economic growth for the current year, we expect sales revenues and earnings to increase in the fiscal year 2019. The conditions for acquisitions have also improved again.”
The full financial statements for the fiscal year 2018 and the forecast for the fiscal year 2019 will be presented at the annual accounts press conference in Düsseldorf on 27 March 2019.
For the 2019 financial calendar, click here.