Publication of Insider Information according to [Art. 17 MAR]
INDUS announces non-cash write-downs on goodwill
Bergisch Gladbach, 20 November 2018 – In the fourth quarter of 2018, INDUS Holding AG will post non-cash write-downs on goodwill in the amount of EUR 16.2 million in the consolidated financial statements. EUR 9.5 million thereof will be attributable to the Automotive Technology segment, while the Metals Technology segment will account for EUR 6.7 million. These result from the current outlook of the units affected by the write-downs, which became apparent during the current planning process and the subsequent annual impairment tests.
In spite of these impairments, the targets for key financial indicators of the Group will be met: the Board of Management continues to expect an equity ratio of over 40% and a ratio of net debt to EBITDA of between 2.0 and 2.5.
The operating forecast published in the report on the third quarter of 2018 on 14 November 2018 remains unchanged. The Board of Management continues to project operating earnings before interest and taxes (EBIT) before impairment at the lower end of between EUR 154 million and EUR 160 million. Taking the write-downs on goodwill into account, earnings before interest and taxes of between EUR 138 million and EUR 144 million are expected.