INDUS on its way to the previous level of profitability
- EBIT projections raised to EUR 70 million
Bergisch Gladbach, July 1, 2010 - At today’s ordinary Annual General Meeting of SDAX-listed INDUS Holding AG, a large majority of the shareholders approved all items on the agenda as well as the acts of the Management Board and the Supervisory Board. There was also a clear vote in favour of Supervisory Board member Carl-Martin Welcker, who had been appointed to this position by the court in February 2010. His appointment became necessary when long-serving member Günter Kill resigned from the Supervisory Board.
The medium-sized holding company will distribute a dividend of EUR 0.50 per share for the fiscal year 2009 (previous year: EUR 0.80). "This is our response to the crisis-related decline in earnings," said Helmut Ruwisch, CEO of INDUS Holding AG. At the same time, he emphasised that INDUS intends to raise the dividend again as soon as possible. In his upbeat speech, the CEO said that "The results of the first five months make us optimistic. We have clearly turned around and believe that we will grow noticeably in the current fiscal year.”
INDUS has clearly raised its sales and earnings projections for the current fiscal year, with sales expected to reach EUR 850 million (formerly EUR 800 million) and earnings before interest and taxes (EBIT) projected to increase to EUR 70 million (formerly between EUR 60 and 70 million).
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