11.08.2021 INDUS Holding AG  DE0006200108

DGAP-News: INDUS Holding AG: INDUS Group clearly grows its sales and earnings


DGAP-News: INDUS Holding AG / Key word(s): Half Year Report/Half Year Results
INDUS Holding AG: INDUS Group clearly grows its sales and earnings

11.08.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

INDUS Group clearly grows its sales and earnings

- 9.8% growth in sales in the first half of 2021
- increase in EBIT to EUR 56.3 million
- Forecast for the 2021 financial year adjusted

Bergisch Gladbach, 11 August 2021 - The portfolio companies of the INDUS Group were able to continue the positive trend of the beginning of the year and continued to grow their sales in the second quarter of 2021. In the first six months of the year, sales revenues increased by 9.8% to EUR 850.3 million (H1 2020: EUR 774.2 million). At EUR 56.3 million, earnings before interest and taxes (EBIT) were EUR 74.6 million higher than the EBIT of the prior-year period (H1 2020: EUR -18.3 million) - which were impacted by the COVID-19 pandemic; before impairment, EBIT increased by EUR 36.7 million. This is not least attributable to the measures implemented in 2020 in the context of the INTERIM SPRINT program. The EBIT margin climbed from -2.4% to 6.6%. Earnings per share amounted to EUR 1.10, up from EUR -1.63 in the previous year.

Cash flow from operating activities was EUR 22.8 million in the first six months (H1 2020: EUR 29.0 million). As had been expected, working capital picked up as result of the increased business activity. Moreover, portfolio companies are hedging against the current rise in commodity prices and material shortages with increased inventories. While the INDUS Group had deliberately pursued a more restrictive investment policy in the COVID year 2020, the portfolio companies invested EUR 30.2 million in property, plant and equipment and intangible assets in the first half of the year, which was almost twice as much as in the same period of the previous year (H1 2020: EUR 16.1 million). Cash and cash equivalents amounted to EUR 163.2 million at the end of the quarter - a comfortable starting position for further acquisitions. At 40.2%, the equity ratio was above the target of 40%.

Growing sales in all segments - organic growth through acquisitions

All segments of the INDUS portfolio grew their sales noticeably in the first half of 2021. Overall, the shortfall in sales revenues due to sales and closures implemented in the context of the INTERIM SPRINT could be compensated. The companies in the Engineering segment achieved particularly strong sales growth of almost 20%. The latest acquisitions of JST and WIRUS also contributed to the INDUS Group's sales growth, with inorganic growth in the INDUS Group at 1.7 % in the first six months of the year. Moreover, in July 2021, FLACO, a specialist in fluid management, was acquired as a complementary addition to HORNGROUP.

Increase in EBIT and EBIT margin in four of five segments

The Construction/Infrastructure segment remains highly profitable. The EBIT margin stayed at a high level of 16.5% in the first half of the year (H1 2020: 18.2%). Despite rising material prices and increasing material shortages, the Board of Management now projects a considerable year-on-year increase in sales and a slight increase in EBIT for this segment.

In the Automotive Technology segment, the INTERIM SPRINT set of measures implemented in 2020 is having a positive impact on the operating result. While the EBIT margin improved from -47.4% to -13.6%, it remains negative, as budgeted. Two series production suppliers are still in the restructuring process. Uncertainty in the market with regard to the full year 2021 is caused by the chip shortage and the reduced sales forecasts of the OEMs.

After the COVID-19-related shortfalls in 2020, the Engineering segment again recorded noticeable growth. The EBIT margin increased to 10.0% (H1 2020: 2.5%). For the full year, the Board of Management projects a significant increase in segment sales compared to the previous year and now a strong increase in EBIT.

The companies in the Medical Engineering and Life Science segment have now largely overcome the effects of the COVID-19 crisis - which were clearly felt until into the first quarter - and increased their EBIT margin to 7.9% (H1 2020: 5.8%). For the financial year 2021, the portfolio companies expect a cautiously positive trend, depending on further COVID-19 restrictions.

The Metals Technology segment increased its EBIT margin from 2.3% to 9.0% compared with the prior-year period. Here, too, the measures from the INTERIM SPRINT program had a positive effect on operating results. The Board of Management is optimistic about the development in the second half of the year.

Diversification paying off - forecast raised despite uncertainties in the automotive technology market and material shortages

Overall, the macroeconomic conditions for the second half of 2021 point to a further recovery. However, the spread of the Delta variant, supply bottlenecks and rising material prices represent risk factors to the German economy. "Uncertainties are intensifying, especially in the automotive market environment," says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management. "The current reduced sales forecasts of the OEMs are likely to have a knock-on effect on suppliers. We nevertheless project continued noticeable growth for the INDUS Group for the full year 2021. Our latest acquisitions, JST and WIRUS, and the complementary addition FLACO will also contribute to this growth."
The Board of Management has therefore raised the sales forecast for the financial year 2021 from between EUR 1.55 billion and EUR 1.7 billion to between EUR 1.6 billion and EUR 1.75 billion. Earnings before interest and taxes (EBIT) of the INDUS Group should come in at between EUR 100 million and EUR 115 million, compared to the previous plans of EUR 95 million to EUR 110 million.

The full interim report is available on the INDUS website. An overview of the key performance indicators is available here.

Nina Wolf & Dafne Sanac
Public Relations & Investor Relations

INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach

Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-32
E-mail [email protected]
E-mail [email protected]

11.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: [email protected]
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
EQS News ID: 1225479

End of News DGAP News Service

1225479  11.08.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 1.444,27 1.640,64 1.710,79 1.742,80 1.558,55 1.741,50 1.940,00
EBITDA1,2 200,90 215,30 218,34 225,71 157,71 220,38 213,00
EBITDA-Marge3 13,91 13,12 12,76 12,95 10,12 12,66 10,98
EBIT1,4 144,93 152,87 134,69 117,90 25,08 115,40 55,00
EBIT-Marge5 10,03 9,32 7,87 6,77 1,61 6,63 2,84
Jahresüberschuss1 80,42 83,07 71,19 60,07 -26,90 47,56 13,00
Netto-Marge6 5,57 5,06 4,16 3,45 -1,73 2,73 0,67
Cashflow1,7 114,56 123,96 74,65 147,29 155,19 116,57 22,00
Ergebnis je Aktie8 3,27 3,37 2,90 2,43 -1,10 1,78 0,48
Dividende8 1,35 1,50 1,50 0,80 0,80 1,05 1,05
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ebner Stolz

Indus Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
620010 22,700 Halten 610,53
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,97 18,77 0,68 9,63
0,81 5,24 0,35 5,25
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
1,05 1,05 4,63 17.05.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2023 10.08.2023 10.11.2022 23.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
13,06% -5,38% -30,69% -26,66%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu INDUS Holding AG  ISIN: DE0006200108 können Sie bei EQS abrufen

Beteiligungen , 620010 , INH , XETR:INH