INDUS expands its investment portfolio and reports strong sales and earnings growth
- Sales up 25.8% to EUR 192.8 million
- Earnings (EBIT) up 15.4% to EUR 19.5 million
Bergisch Gladbach, May 31, 2006 - SDAX-listed INDUS Holding AG (ISIN DE0006200108) clearly boosted both sales and earnings in the first quarter of 2006. “Apart from our existing investments, which developed positively in this period, the Selzer and Migua companies acquired in the second half of 2005 also contributed to the strong business performance in the first three months,” explained Board Chairman Helmut Ruwisch.
INDUS Holding AG reported a 10.9% increase in income from investments from EUR 16.5 million to EUR 18.3 million. Earnings before interest and tax (EBIT) rose by 12.5% to EUR 15.3 million, while net profit climbed 11.6% from EUR 8.6 million to EUR 9.6 million. Accordingly, earnings per share (at AG level) were up from EUR 0.48 to EUR 0.53.
Group sales rose by 25.8% to EUR 192.8 million, to which the Selzer and Migua acquisitions contributed approx. EUR 24 million. The cost of materials climbed from EUR 69.5 million to EUR 91.2 million. This increase is attributable to both the much higher commodity prices and the enlarged scope of consolidation. Personnel expenses increased by 17.3% to EUR 52.1 million, mainly due to the newly acquired companies.
EBIT amounted to EUR 19.5 million (previous year: EUR 16.9 million). The result from ordinary activities (EBT) rose by 16.1% to EUR 13.0 million. The Group’s share in net profit climbed 11.3% from EUR 5.3 million to EUR 5.9 million. Group earnings per share increased from the previous year’s EUR 0.30 to EUR 0.33.
In February, INDUS utilised its good liquidity to repay the EUR 100 million syndicated loan. INDUS’ ability to act on investment opportunities continues to be underpinned by the company’s strong cash position as well as by financing commitments from its banks. In May, INDUS subsidiary Betomax GmbH & Co. KG acquired 100% in Ancotec AG. The Swiss company reported sales of approx. CHF 12 million in the past fiscal year and currently employs 30 people. Ancotec’s high-quality product portfolio of special reinforcements and stainless steel parts for the construction sector ideally complements the product range of Betomax.
The Managing Board expects Group sales to grow to approx. EUR 800 million in the full year 2006. According to current plans, this will be achieved through the continued positive development of the 42 existing investments as well as through new acquisitions. Earnings figures should develop equally positively.
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