DGAP-News: Preliminary nine-month figures: INDUS confirms guidance
(firmenpresse) - DGAP-News: INDUS Holding AG / Key word(s): Preliminary Results
Preliminary nine-month figures: INDUS confirms guidance
08.11.2013 / 10:00
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Preliminary nine-month figures: INDUS confirms guidance
- Kieback-Schäfer Group acquires model builder D.M.S. to strengthen its
systems expertise
Bergisch Gladbach, 8 November 2013 - In spite of weak economic activity in
the eurozone, INDUS reached its sales and EBIT targets in the third quarter
of 2013. After a moderate start to the year, the business situation
improved notably as the year progressed. The EBIT margin for the third
quarter climbed from 9.0% in Q1 and 9.4% in Q2 to 10.3% in the third
quarter. Based on preliminary Group figures, sales revenues are expected to
stand at approx. EUR 887 million as of the nine-month stage (previous year:
EUR 830 million), while the preliminary operating result (EBIT) is expected
to come in at EUR 85 million (previous year: EUR 81 million).
'Based on the good performance to date, we expect to generate an operating
result of EUR 108 million to 110 million in the current fiscal year. Our
sales revenues will increase significantly and reach between EUR 1.1
billion and 1.2 billion' said INDUS CEO Jürgen Abromeit.
New acquisitions strengthen the portfolio
With effect from 1 September 2013, the Kieback-Schäfer Group, an INDUS
investment in the Vehicle Engineering segment, today acquired D.M.S.,
Reichertshofen and Munich/Germany. D.M.S provides services to the
automotive and commercial vehicle industry, ranging from concept
development to clay and hard models and from event models to show cars. Key
customers include BMW, MAN (trucks), Magna Steyr, VW, Schröter and, since
recently, Chinese car maker Qoros. Employing approx. 20 people, the company
will generate sales revenues of roughly EUR 6 million in 2013.
Headquartered in Osnabrück, the Kieback-Schäfer Group develops pre-series
functional, testing and cubing models and produces prototype parts for
small series as well as for niche and special vehicles. The range of
services is complemented by Designstudio KS Pollmann, a Schäfer subsidiary.
With the latest acquisition, the Kieback-Schäfer Group will cover the
complete development chain for the auto industry, from design to finished
pre-series components. The Group will generate sales revenues of approx.
EUR 30 million in 2013.
In the year to date, INDUS has acquired six new companies with potential
annuals sales in excess of EUR 80 million both directly and indirectly
through its investments. Jürgen Abromeit is also optimistic about next
year. 'The current budgeting talks with our 40 investments suggest that our
portfolio will generate stable revenues and solid earnings in 2014. We will
also continue our consistent growth strategy, which is why we are looking
out for further interesting hidden champions.'
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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238698 08.11.2013
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