11.05.2022 INDUS Holding AG  DE0006200108

DGAP-News: INDUS Holding AG: Press release on the first quarter of 2022


DGAP-News: INDUS Holding AG / Key word(s): Quarter Results/Quarterly / Interim Statement
INDUS Holding AG: Press release on the first quarter of 2022

11.05.2022 / 07:27
The issuer is solely responsible for the content of this announcement.

Good start to the year in four out of five INDUS segments

- Sales increase by 11% to EUR 444.8 million
- Automotive Technology still strained
- Forecast confirmed despite difficult overall conditions

Bergisch Gladbach, 11 May 2022 – The portfolio companies of INDUS Holding AG performed well in the first quarter of 2022 as a whole. Group sales increased to EUR 444.8 million, up 11.1% on the previous year (Q1 2021: EUR 400.4 million). The INDUS Group’s organic growth amounted to 4.5%. The acquisitions of WIRUS, FLACO and TECALEMIT Inc. contributed 6.6% to the increase in sales.

The INDUS Group’s earnings before interest and taxes (EBIT) amounted to EUR 20.7 million (Q1 2021: EUR 25.0 million). The EBIT margin was 4.7% (Q1 2021: 6.2%). EBIT include impairments of EUR 4.6 million at a vehicle series production supplier. In addition, inventories and receivables from direct business with Russia and Ukraine were written down by EUR 1.7 million in the Automotive Technology and Metals Technology segments. EBIT before these effects hence amounted to EUR 27.0 million.

“Since the start of the Russia-Ukraine war, the operational challenges for our portfolio companies have grown once again,” says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management. “Overall, our portfolio companies have coped well with these challenges so far. With the exception of the companies in the Automotive Technology segment, all segments increased or maintained their operating income compared to the previous year. This shows that our diversified business model is working, especially under difficult overall conditions.”

In view of the material price increases and supply chain problems, portfolio companies deliberately built up inventories, with working capital increasing accordingly. As a result of higher business activities, receivables also increased. Accordingly, cash flow from operating activities was EUR -27.5 million in the first quarter (Q1 2021: EUR -15.0 million). At EUR 132.1 million, cash and cash equivalents were at year-end level (31 December 2021: EUR 136.3 million).

Significant EBIT growth in Construction / Infrastructure, Engineering and Metals Technology segments

In the Construction / Infrastructure segment, sales (+29.5% to EUR 124.3 million) and EBIT (+19.6% to EUR 17.7 million) increased significantly year-on-year. The acquisition of WIRUS further strengthens the segment. The increased material prices can largely be passed on to customers. However, material bottlenecks and supply chain problems are increasingly noticeable. The EBIT margin again reached a high level of 14.2% (Q1 2021: 15.4%).

In the Automotive Technology segment, sales were down 17.2% to EUR 57.9 million on the previous year (Q1 2021: EUR 69.9 million). This includes the sales loss of EUR -13.3 million due to the sale of the WIESAUPLAST Group at the end of 2021. Rising material and energy prices as well as higher freight and logistics costs are having an adverse effect on the portfolio companies. At the same time, OEM order releases are declining. Event-driven impairment testing led to impairments of EUR 4.6 million at a series production supplier. Upstream and downstream of series production, portfolio companies are also affected by the chip shortage and direct effects of the Russia-Ukraine war. The segment’s EBIT decreased to EUR -24.0 million (Q1 2021: EUR -9.7 million).

In the Engineering segment, sales (+17.8% to EUR 109.1 million) and EBIT (+73.0% to EUR 15.4 million) rose strongly. The increase is due to the very successful work of the portfolio companies and the acquisitions of FLACO and TECALEMIT Inc. in 2021. The EBIT margin picked up noticeably to 14.1% (Q1 2021: 9.6%).

Sales in the Medical Engineering / Life Science segment increased slightly to EUR 38.7 million (Q1 2021: EUR 35.6 million) and were thus back on the pre-COVID level. At EUR 3.1 million, earnings before interest and taxes (EBIT) remained unchanged from the previous year. Higher material prices and increased logistics costs, which could only partly be passed on to customers, prevented a better EBIT margin. The latter amounted to 8.0% (Q1 2021: 8.7%).

In the Metals Technology segment, sales (+7.6% to EUR 114.7 million) and EBIT (+10.9% to EUR 11.2 million) also increased. The sales loss resulting from the discontinuation of BACHER was hence more than offset. Earnings before interest and taxes (EBIT) include write-downs on inventories and receivables in direct connection with the Russia-Ukraine war in the amount of EUR 1.1 million. The EBIT margin increased to 9.8% (Q1 2021: 9.5%). Here, too, the portfolio companies are increasingly facing rising material and energy prices.

Forecast confirmed, business environment remains uncertain

“In recent weeks, we have seen that the war in Ukraine is also creating new realities for the economy,” says Dr. Johannes Schmidt. “At the same time, the German SME sector is proving resilient. Taking the circumstances into account, INDUS’ portfolio companies have achieved a good Group-wide result. Despite the difficult overall conditions, we see good chances that sales and EBIT will remain within the range forecast by us.”

The forecast published in the 2021 Annual Report was still prepared without taking into account potential effects of the Russia-Ukraine war. In view of the complex overall conditions and high macroeconomic risks, all forecasts for the future economic development remain characterized by uncertainty. Based on current information, the Board of Management continues to expect sales for the full year of EUR 1.80 billion to EUR 1.95 billion and earnings before interest and taxes (EBIT) in the range of EUR 115 million to EUR 130 million.

Schmidt: “We continue to focus consistently on the further development of our portfolio companies and our strategy. INDUS promotes innovation in future technologies and actively supports performance increases and sustainability activities. In addition, we intend to further strengthen our portfolio through acquisitions in industries of the future. We are financially well positioned to take direct advantage of opportunities as they arise.”

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

About INDUS Holding AG:
Established in 1989 and headquartered in Bergisch Gladbach, INDUS Holding AG is a leading specialist for sustainable corporate investment and development in the German-speaking SME sector. The industry focus is on construction and infrastructure, automotive technology, mechanical and plant engineering, medical engineering and life sciences as well as metals technology. As a growth-oriented financial investor with a long-term focus, INDUS currently supports 47 portfolio companies in their corporate development. Since 1995, INDUS Holding AG has been listed in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108); in 2021, the Group generated sales of around 1.74 billion euros. For more information on INDUS, visit www.indus.de.

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]

11.05.2022 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.

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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: 1348911

End of News DGAP News Service

1348911  11.05.2022 


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 24,950 Halten 671,04
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,79 19,04 0,67 10,59
0,89 5,76 0,39 5,52
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
1,05 1,05 4,21 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
8,48% 9,54% 13,67% -25,52%
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Beteiligungen , 620010 , INH , XETR:INH