DGAP-News: INDUS optimistic about 2013
(firmenpresse) - DGAP-News: INDUS Holding AG / Key word(s): Quarter Results
INDUS optimistic about 2013
28.05.2013 / 08:00
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INDUS optimistic about 2013
- Stable business in the first quarter
- Acquisitions and portfolio development for continued growth
Bergisch Gladbach, 28 May 2013 - INDUS reports solid figures for the first
three months of FY 2013. Sales revenues were up by 2% on the same period of
the previous years thanks to a good order backlog. The Group, which
comprises 39 small and medium-sized industrial enterprises, generated total
sales revenues of EUR 265.4 million (previous year Q1: EUR 259.2 million).
At EUR 24.0 million (previous year Q1: EUR 24.2 million), first-quarter
EBIT was also on a par with the previous year.
The INDUS Group's EBIT margin averaged 9.0% (previous year: 9.3%);
experience has shown that the first quarter tends to be the weaker period
compared to the year as a whole due to seasonal factors. Net income for the
period for the INDUS shareholders increased to EUR 12.3 million (previous
year Q1: EUR 11.3 million) due to reduced interest expenses. Operating cash
flow improved from EUR -32.6 million in Q1 2012 to EUR -14.3 million in Q1
2013. As of 31 March 2013, INDUS had high liquid funds of EUR 107 million
and again posted a high equity ratio of 36.5% (31 December 2012: 38.6%).
First milestones of 'Compass 2020' reached
INDUS aims to accelerate its growth in the coming years and has laid down
the respective targets in the 'Compass 2020' strategy. Under the motto,
'buy and hold and develop', INDUS wants to develop its portfolio and expand
it trough selective acquisitions.
CEO Jürgen Abromeit is satisfied with the first successes and has announced
further acquisitions. 'We had a good start in January, when we acquired the
BUDDE Group. BUDDE is a medium-sized company focusing on the logistic
sector, which is one of our defined target segments. The takeover of the
remaining shares in HAKAMA AG in April marked the next step. As a solution
provider for medical equipment HAKAMA also was a target candidate. I think
we will be able to announce at least one more addition to our portfolio
before the end of this year.'
The Group also made some progress in developing its portfolio; the Vehicle
Engineering segment boosted its profit by over 20% and saw its EBIT margin
return to a pre-crisis level of 8%; the Construction/Infrastructure segment
outperformed the sector as a whole and generated a slightly improved
operating result, although the construction sector in general suffered from
the long winter.
Positive outlook for 2013 confirmed
INDUS expects business to remain stable in the first half of 2013. Global
economic growth should stabilise as the year progresses, albeit at a low
level. However, the growth outlook is adversely affected by the prevailing
uncertainty in the financial markets; moreover, the outlook for the auto
industry is weak, especially in Europe. By contrast, positive stimuli are
expected to come from the emerging countries, especially in Asia.
'As we intensify our internationalisation efforts, especially in the growth
regions, and accelerate our acquisition and development strategy for the
portfolio, INDUS projects good business for this year, however,' says
Jürgen Abromeit. 'We therefore confirm our outlook for the year 2013 and
aim to slightly exceed the previous year's sales and earnings.'
Contact:
Regina Wolter
Corporate Communications&Investor Relations
Phone +49 2204 4000 70
E-Mail wolter(at)indus.de
End of Corporate News
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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus(at)indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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213354 28.05.2013
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