DGAP-News: INDUS considerably profitable in spite of crisis
(firmenpresse) - INDUS Holding AG / Preliminary Results
15.03.2010 16:20
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INDUS considerably profitable in spite of crisis
* Cost-cutting program successful
* Sales and earnings projections exceeded for 2009
Bergisch Gladbach, March 15, 2010 - Thanks to a bundle of measures launched
at the end of 2008, INDUS Holding AG reported positive consolidated
earnings before interest and taxes (EBIT) of EUR 53 million (provisional)
for the past fiscal year. This means that, in spite of the economic crisis,
the Group achieved a respectable result as compared to the boom year 2008
(2008 EBIT: EUR 90.8 million). While sales revenues declined as announced,
they exceeded the projected EUR 740 - 750 million, at approx. EUR 770
million (2008 sales: EUR 946.8 million).
'These results are quite respectable in view of the crisis and thus
vindicate our long-term strategy of investing in profitable niche segments
and diversifying the risk across a broad portfolio. INDUS is reliable and
stable especially in times of recession', said Helmut Ruwisch, CEO of INDUS
Holding AG.
Since the slump in Q1 2009, the Group's sales and earnings position has
improved steadily. The fourth quarter showed a clear upward trend, with
sales and EBIT coming in at approx. EUR 200 million and EUR 17.4 million,
respectively. For the current year INDUS expects sales to rise again in the
existing portfolio. At EUR approximately 90 million, the Group's liquidity
at the end of the year 2009 remained high and provides a basis for further
acquisitions. Two acquisitions were reported in the first quarter (OBUK und
HAKAMA).
The final figures will be published on April 26, 2010.
Contact:
Regina Wolter
Corporate Communications&Investor Relations
Phone +49 2204 4000 70
E-Mail wolter(at)indus.de
15.03.2010 16:20 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Deutschland
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 Frankfurt(Prime Standard), Düsseldorf;
Freiverkehr in Berlin, München, Hamburg, Stuttgart
End of News DGAP News-Service
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