DGAP-News: INDUS Holding AG doubles profit
(firmenpresse) - DGAP-News: INDUS Holding AG / Key word(s): Half Year Results
INDUS Holding AG doubles profit
25.08.2011 / 08:02
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INDUS Holding AG doubles profit
- EBIT margin at record level
- High order backlog for H2 2011
Bergisch Gladbach, August 25, 2011 - INDUS Holding AG clearly outperformed
the German economy in the second quarter of 2011, when sales revenues were
up by approx. 10% on the first three months. In the first half of the year,
the Group generated sales revenues of approx. EUR 540 million (H1 2010: EUR
450.3 million). Earnings figures increased at a disproportionate rate. EBIT
rose to EUR 59.3 million (H1 2010: EUR 46.5 million) and the EBIT margin
climbed to 11.0% (H1 2010: 10.3%).
Thanks to its portfolio of strong SMEs, INDUS benefited especially from the
extremely good economic activity and the high foreign demand. The unrest in
North Africa, the catastrophe in Japan and the government debt crisis in
the USA and Europe have not had any impact so far. Net income for the
period almost doubled as compared to the first half of 2010, namely from
EUR 17.6 million to EUR 33.3 million. This even exceeds the historical high
of summer 2008, when INDUS generated a profit of EUR 26.9 million at the
half-year stage.
Stable financial data: Equity ratio of 33.4%, liquid funds of roughly EUR
87 million
At the six-month stage, INDUS reported a slightly increased operating cash
flow of EUR 31.1 million (H1 2010: EUR 30.1 million). In view of rising
commodity prices and longer delivery times, inventories were replenished
exactly in line with requirements. As a result, working capital increased
temporarily. As INDUS expects both the supply chain and commodity prices to
ease, working capital will decline markedly and cash flow increase as the
year progresses. As of June 30, the Group's liquid funds amounted to a high
EUR 87.1 million, while the equity ratio improved again to 33.4% (Dec. 31,
2010: 32.8%).
Projections for 2011 confirmed: Revenues to climb 10%, EBIT stable at 10%
plus 'x'
In view of the good results, INDUS CEO Helmut Ruwisch again confirmed the
targets for the full year: 'INDUS cannot identify any cyclically induced
setback for the Group. Incoming orders exceeded the invoiced revenues also
at the beginning of the third quarter. We therefore confirm our revenue
target of over EUR 1 billion for the current fiscal year. Our EBIT margin
will again be within the target range of 10% plus 'x' in spite of increased
cost pressure, especially on the commodities side.' INDUS expects the
economy to stabilise in the second half of the year, when the growth curve
will become flatter. It remains to be seen if and to what extent the latest
developments in the capital markets will have an impact on the real
economy.
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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136787 25.08.2011
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