03.11.2022 INDUS Holding AG  DE0006200108

EQS-News: INDUS Holding AG: INDUS: Rising capital costs weigh on company valuations with simultaneous positive operating development of the Group


EQS-News: INDUS Holding AG / Key word(s): Change in Forecast
INDUS Holding AG: INDUS: Rising capital costs weigh on company valuations with simultaneous positive operating development of the Group

03.11.2022 / 17:17 CET/CEST
The issuer is solely responsible for the content of this announcement.

INDUS: Rising capital costs weigh on company valuations with simultaneous positive operating development of the Group

Bergisch Gladbach, November 03, 2022 – Despite an overall positive operating performance in the third quarter of 2022, INDUS Holding AG recognized non-cash impairments of EUR 39.8 million on goodwill and intangible assets in the consolidated financial statements as a result of the annual impairment tests. The reason: the impairments result on the one hand from the significant increase in the capital costs derived from market parameters and used for valuation in the current year. On the other hand, this is partly due to reduced future prospects for the units affected by the impairments as part of the current planning process. Overall, goodwill recognized will thus decrease by 8.4% from EUR 443.0 million (June 30, 2022) to EUR 405.8 million (September 30, 2022).

"The ECB's current interest rate increases in response to record inflation across Europe have a direct impact on the valuation of our portfolio companies. Leaving aside these non-cash one-off effects, our portfolio continues its overall good operating performance," says INDUS CEO Dr. Johannes Schmidt. "In the three largest of our five segments, margins before impairments continue to develop well in line with our expectations – despite the difficult macroeconomic environment."

Based on preliminary financial figures for the first nine months of 2022, the INDUS portfolio companies increased their revenue to around EUR 1.4 billion (previous year: EUR 1,296.4 million). The INDUS Group’s operating income (EBIT) amounted to around EUR 11.2 million (previous year: EUR 78.6 million). Adjusted by expenses from value adjustments in connection with the self-administration proceedings initiated by INDUS portfolio company SMA, by expenses from impairment tests and by further non-operational effects, the portfolio companies achieved an adjusted EBIT of around EUR 92.7 million (previous year: EUR 86.8 million).

In the current planning process, the forecasts for operating profit (EBIT) and revenue for the full year 2022 were also reviewed. Including all described effects, the Board of Management expects an operating result (EBIT) of between EUR 15 and 30 million. As announced, the forecast of October 24, 2022, with EBIT of between EUR 46 and 61 million did not take into account possible non-cash impairments, mainly on goodwill, due to the current planning round. Adjusted by the one-off effects described above, the Board of Management expects adjusted EBIT of between EUR 115 and 130 million for the full year 2022. Revenue is still expected to be in the band between EUR 1.90 billion and EUR 2.00 billion.

The full interim report of INDUS Holding AG will be published on November 10, 2022.

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]

03.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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: 1478993

End of News EQS News Service

1478993  03.11.2022 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022
Umsatzerlöse1 1.444,27 1.640,64 1.710,79 1.742,80 1.558,55 1.741,50 1.804,11
EBITDA1,2 200,90 215,30 218,34 225,71 157,71 220,38 262,43
EBITDA-Marge3 13,91 13,12 12,76 12,95 10,12 12,66 14,55
EBIT1,4 144,93 152,87 134,69 117,90 25,08 115,40 133,67
EBIT-Marge5 10,03 9,32 7,87 6,77 1,61 6,63 7,41
Jahresüberschuss1 80,42 83,07 71,19 60,07 -26,90 47,56 -51,02
Netto-Marge6 5,57 5,06 4,16 3,45 -1,73 2,73 -2,83
Cashflow1,7 114,56 123,96 74,65 147,29 155,19 158,36 116,34
Ergebnis je Aktie8 3,27 3,37 2,90 2,43 -1,10 1,78 -1,93
Dividende8 1,35 1,50 1,50 0,80 0,80 1,05 0,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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: PricewaterhouseCoopers

Indus Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
620010 21,250 Halten 571,53
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,02 14,97 0,58 10,78
0,84 4,91 0,32 4,35
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,80 1,05 4,94 22.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 13.08.2024 14.11.2023 20.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,53% -8,47% -3,19% -4,28%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu INDUS Holding AG  ISIN: DE0006200108 können Sie bei EQS abrufen

Beteiligungen , 620010 , INH , XETR:INH