INDUS Holding AG Announces Fiscal Year 2023 Results with Optimistic Acquisition Plans for 2024

INDUS Holding AG reported commendable growth in its operating income and stable sales for the fiscal year 2023, amidst a challenging market environment. The company showcased an increase in its EBIT margin to 8.3%, attributing it to both solid operating performance and reduced impairment losses. INDUS also emphasized its commitment to the acquisition of new promising companies, aligning with its business model. Engineering, Infrastructure, and Materials segments demonstrated robust contributions to the company's sales and income.

Despite a decrease in demand in certain sectors, INDUS's strategic acquisitions such as HEIBER+SCHRÖDER and HELD, alongside organically driven growth, bolstered sales in the Engineering segment. The company also announced plans to allocate EUR 70 million for acquisitions in 2024. INDUS reported an increase in earnings after taxes and a strong free cash flow, providing ample scope for future acquisitions and dividends.

INDUS proposed a dividend of EUR 1.20 per share, reflecting a yield of 5.4% and a distribution ratio of 38.3%. The company outlined its outlook for 2024 with expected growth in sales, despite the uncertain macroeconomic environment. Highlighting recent acquisitions and setting ambitious sales and operations targets for 2024, INDUS is positioning itself for continued growth.