INDUS reports surge in sales and earnings for first half of 2006
- Sales surge 23.9% to EUR 405.4 million
- Earnings before interest and taxes (EBIT) rise by a disproportionate 34.2% to EUR 48.3 million
- Good cost discipline leads to stable material and staff cost ratios
- Business performance confirms full-year projections
Bergisch Gladbach, August 31, 2006 - SDAX-listed INDUS Holding AG (ISIN DE0006200108) reported a surge in sales and earnings for the first half of 2006. “The positive development of our 42 portfolio companies seen at the beginning of the year continued unabated in the second quarter,” CEO Helmut Ruwisch said with regard to the strong growth of the portfolio companies.
INDUS Holding AG’s income from investments, the company’s key performance measure, rose by an impressive 15.8% to EUR 39.5 million in the first six months of the year (H1/2005: EUR 34.1 million). Earnings before interest and taxes (EBIT) climbed 22.9% to EUR 34.9 million (H1/2005: 28.4 million), while net income for the period increased by a disproportionate 32.3% to EUR 22.1 million (H1/2005: EUR 16.7 million). This represents earnings per share of EUR 1.23 for the AG, up 32.3% on the previous year.
In the second quarter, Group sales increased sharply by 22.3% to EUR 212.7 million (H1/2005: EUR 173.9 million). Both the new acquisitions of H1/2005, Selzer and Migua, and the existing companies contributed to this positive performance. The cost of materials as a percentage of sales was reduced despite increased commodity prices. EBIT were up by 50.8% to EUR 28.8 million (H1/2005: EUR 19.1 million), while EBT surged 68.3% to EUR 21.2 million (H1/2005: EUR 12.6 million). The Group’s share in net income for the period improved by 51.5% to EUR 10.3 million (H1/2005: EUR 6.8 million).
Total sales for the first half-year reached an impressive EUR 405.4 million (H/2005: EUR 327.1 million). EBIT climbed 34.2% to EUR 48.3 million, while EBT rose by 43.7% to EUR 34.2 million. After income tax and minority interests, the Group’s net income for the period amounted to EUR 16.2 million (H1/2005: EUR 12.1 million), which represents a 33.9% increase. Earnings per share on a Group basis thus reached EUR 0.90 (+32.4%).
The development of sales and earnings in the first half of the year confirms the projections issued by the Board of Management at the beginning of the year, according to which Group sales will rise to EUR 800 million. From today’s point of view, this target will be reached primarily due to the continued successful development of the portfolio companies. Earnings figures should develop equally positively.
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