EQS-News: INDUS publishes preliminary figures for the financial year 2024

INDUS publishes preliminary figures for the financial year 2024

• Sales in line with expectations at EUR 1.72 billion
• EBIT of EUR 126.7 million in a difficult economic environment
• EBIT margin at 7.4%

Bergisch-Gladbach, 20 February 2025 – In the financial year 2024, sales and income of the INDUS Group developed as most recently expected. According to preliminary and unaudited figures, the portfolio companies generated sales of EUR 1.72 billion (previous year: EUR 1.80 billion) in a difficult economic environment. Operating income (EBIT) amounted to EUR 126.7 million (previous year: EUR 149.6 million). In its latest forecast, the company had projected sales of between EUR 1.70 billion and EUR 1.80 billion and operating income (EBIT) in the range of EUR 115 million to EUR 125 million. The EBIT margin stood at 7.4% in 2024 (previous year: 8.3%), which is in line with expectations of between 7.0% and 8.0%. Adjusted EBITA stood at EUR 153.7 million (previous year: EUR 188.1 million). The latter is calculated from the operating income (EBIT) plus impairment losses of EUR 6.7 million and depreciation /amortization on assets from the purchase price allocation for acquisitions (PPA depreciation) in the amount of EUR 20.3 million.

“Not all our portfolio companies can grow under the current difficult economic conditions,” says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management. “However, we expect them to seize opportunities and show a respectable performance. They have passed this test and proved resilient in the face of weak market demand. In purely operational terms, both sales and income of the Group increased in the second half of the year.”

Despite weak demand in machinery and equipment, sales in the Engineering segment remained almost stable at EUR 596.7 million (previous year: EUR 599.6 million), while the operating income (EBIT) declined to EUR 45.7 million (previous year: EUR 57.0 million) due to the product mix and overall high price pressure. The development in the Materials segment was characterized by high volume declines and price pressure. Sales amounted to EUR 564.8 million (previous year: EUR 619.9 million) and the operating income (EBIT) stood at EUR 46.1 million (previous year: EUR 57.3 million). In an economically challenging market, sales in the Infrastructure segment amounted to EUR 559.5 million (previous year: EUR 582.2 million); the operating income (EBIT) rose nevertheless to EUR 52.3 million (previous year: EUR 49.3 million).

In 2024, INDUS continued to expand its portfolio with the acquisitions of GESTALT AUTOMATION, DECKMA, GRIDCOM and COLSON. Three further acquisitions were already made at the beginning of 2025. Rudolf Weichert, Chief Financial Officer and Deputy Chairman of the INDUS Board of Management: “Thanks to the good cash flow in the past financial year and very solid financing, INDUS is well positioned to make further promising acquisitions.” At 2.4, the debt repayment period, i.e. the ratio net debt/ EBITDA, was within the long-term target range of 2.0 to 2.5 years in 2024. The equity ratio increased from 37.3% on the prior year reporting date to 38.7%.

Schmidt: “By withdrawing from automotive series production and realigning our portfolio, we have paved the way for stronger growth. We are therefore confident about the current financial year despite the still fragile environment.”

The full financial statements for the financial year 2024 including the forecast for the financial year 2025 and the growth strategy 2030 are expected to be published on the company’s website on 24 March 2025.

About INDUS Holding AG:
Established in 1989 and headquartered in Bergisch Gladbach, INDUS Holding AG is a leading specialist for sustainable corporate development in the German-speaking SME sector. INDUS acquires technology-oriented and promising industrial engineering companies for the Engineering, Infrastructure, and Materials segments. As a value-driven investment company with a clear focus on defined growth topics, INDUS provides its operationally independent portfolio companies with active, long-term support in their corporate development, especially in the fields of innovation, market excellence, operational excellence, and sustainability. SDAX-listed INDUS Holding AG has been included in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108) since 1995. INDUS generated sales of 1.72 billion euros in 2024. For more information, visit www.indus.de.

Note:
This press release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of INDUS Holding AG and comprise known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. INDUS Holding AG assumes no obligation to update forward-looking statements.

Contact:
Nina Wolf & Dafne Sanac
Public Relations & Investor Relations