INDUS Holding AG continues to hit new records
- Net income rises 65% to EUR 51.4 million in Q3
- 2011 EBIT forecast raised to EUR 115 million
Bergisch Gladbach, November 24, 2011 - INDUS Holding AG, the specialist for investments in industrial SMEs, continues its record streak at the nine-month stage of the financial year 2011. Between January and September 2011, the SDAX-listed company increased its sales revenues by around EUR 117 million (+16%) to EUR 826.7 million (2010: EUR 710.0 million). Earnings before interest and taxes (EBIT) increased by a disproportionate 22% to EUR 92.6 million (2010: EUR 76.2 million). The EBIT margin climbed to 11.2% (2010: 10.7%).
Higher sales and earnings in all five segments
Compared to the previous year, the third quarter was characterised by continued dynamic growth, with the Construction/Infrastructure segment showing a particularly successful performance. In view of the results, Helmut Ruwisch, CEO of INDUS Holding AG, sees no signs of a crisis within the INDUS Group: “We steadfastly continued our growth strategy in the third quarter. Our subsidiaries benefit from good demand in all five segments. At this stage already, it is safe to say that 2011 will be our best year to date.”
Stable funding structure facilitates continued growth
As became evident at the half-year stage, interest expenses in 2011 are on a steady decline and dropped from EUR 19.3 million to EUR 16.0 million. Helmut Ruwisch also points to the capital increase effected in November. “We have thus laid the ideal basis for continued profitable growth. We have additional liquid funds of EUR 37 million from the capital increase as well as comfortable credit lines to finance our growth.” At the end of September, the Group’s equity ratio stood at 33.4% (December 31, 2010: 31.8%).
Outlook: Record revenues and margin expected for FY 2011
In view of the positive business performance, INDUS has raised the forecast for the financial year 2011. INDUS projects sales revenues in excess of EUR 1.1 billion and EBIT of around EUR 115 million for the full year. The EBIT margin would thus be clearly within the target range. INDUS expects the economy to lose momentum in 2012. While there are no signs of a crisis in the INDUS Group, INDUS believes that external factors such as the euro debt crisis may put a damper on the economy.
INDUS Holding AG in Figures
| Euro millions | Q1-Q3 2011 | Q1-Q3 2010* |
| Sales | 826.7 | 710.0 |
| EBITDA | 122.4 | 107.0 |
| EBIT | 92.6 | 76.2 |
| EBT | 76.7 | 56.8 |
| Net result for the period (allocable to INDUS shareholder) | 51.4 | 30.7 |
| Operating cash flow | 56.9 | 64.6 |
| Cash flow from operating activities | 39.7 | 45.8 |
| Cash flow from investing activities | -28.5 | -38.5 |
| Cash flow from financing activities | -34.3 | -11.3 |
| Cash and cash equivalents | 73.7 | 88.9 |
| Earnings per share (in Euro) | 2.55 | 1.77 |
| Cash flow per share (in Euro) | 1.96 | 2.50 |
| Employees (number as of September 30) | 6,315 | 5,958 |
| Investments (number as of September 30) | 39 | 40 |
| Euro millions | Sept. 30, 2011 | Dec. 31, 2010 |
| Total assets | 1,030.10 | 973.1 |
| Equity | 343.9 | 309.5 |
| Net debt | 386.4 | 379.4 |
| Euqity ration (in %) | 33.4 | 31.8 |
back