INDUS reports double-digit growth
Bergisch Gladbach, November 30, 2006 - INDUS Holding AG (ISIN DE0006200108) stayed on the growth track in the first nine months of 2006. The SDAX-listed company reported a strong increase in both sales and earnings. “We are more than satisfied with our performance in the year to date but must continue to keep an eye on the cost of materials”, Helmut Ruwisch, CEO of INDUS Holding AG, commented on the nine-month results.
Consistent implementation of the proven investment strategy:
INDUS continued to implement its proven investment strategy in the current fiscal year. The company’s subsidiary, BETOMAX, acquired the Swiss ANCOTECH company, a supplier of reinforcements and stainless steel parts for the construction industry. In November, i.e. after the end of the reporting period, INDUS increased its stake in VULKAN INOX to 100%. OBUK, a construction sector specialist, has been acquired with effect from January 1, 2007.
Performance (AG) in the first nine months:
Earnings before interest and taxes (EBIT) climbed 9.3% from EUR 46.0 million to EUR 50.3 million. Net profit for the period rose by 10.2% from EUR 32.2 million to EUR 35.5 million. Accordingly, earnings per share increased from EUR 1.79 to EUR 1.97 at AG level.
Performance (Group) in the first nine months:
Group sales rose for the first nine months by 19.2% from EUR 518.8 million to EUR 618.6 million. The increase is attributable, among other things, to the first-time full-year consolidation of SELZER and MIGUA. While the cost of materials as a percentage of sales increased due to higher commodity prices, personnel expenses as a percentage of sales were reduced as a result of ongoing rationalisation efforts. EBIT climbed 18.8 % from EUR 61.1 million to EUR 72.6 million. The Group’s share in net profit for the period after minority interests amounted to EUR 25,9 million, up 24.5% on the previous year. Group earnings per share climbed 24.1% to EUR 1.44.
Based on the nine-month figures, the Managing Board expects the existing subsidiaries to generate full-year sales of more than EUR 800 million and higher earnings.
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