INDUS matches prior-year figures
Bergisch Gladbach, March 3, 2009 – Based on preliminary figures, SDAX-listed INDUS Holding AG expects to report FY 2008 sales slightly above the prior-year level of approximately EUR 940 million. "Our subsidiaries performed ahead of targets planned until into October. The business trend then weakened in November and December, turning what would have been a very good year into a normal year," said Helmut Ruwisch, who was satisfied with the business performance shown in 2008. Earnings before interest, taxes and depreciation (EBITDA) are expected to come in slightly below the previous year’s level due to the weakening in the fourth quarter. Cash holdings of around EUR 85 million as at December 31, 2008 make for a comfortable liquidity position.
While broad diversification provides a superior cushion against cyclical fluctuations, the company is implementing a catalogue of measures at the operational level in order to alleviate the impact of the generally sluggish economy. "This starting situation as well as our current cash position in excess of EUR 100 million provide the basis for capitalising on attractive opportunities in the investment market," said Helmut Ruwisch. Pointing to the declining valuations of medium-sized companies, he announced the company’s intention to take an anticyclical approach. This way the company intends to push ahead the diversification of its portfolio which currently comprises 41 investments.
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