sur INDUS Holding AG (isin : DE0006200108)
INDUS Holding AG: Q3 Report and Revised Guidance
NuWays AG has maintained a "Buy" recommendation for INDUS Holding AG, setting a target price of EUR 34. This follows INDUS's release of its preliminary Q3 figures which align with NuWays' expectations. Despite goodwill impairments totaling €6.7 million affecting EBIT, INDUS' sales reached approximately €441 million, around 4% lower year-on-year due to challenging economic conditions.
INDUS announced a revision of its full-year 2024 EBIT guidance, now projected at €115-125 million, down from an earlier forecast of €125-145 million. The revision follows non-cash impairments in the Infrastructure and Materials segments. However, the company confirmed its sales and free cash flow guidance, underlining a solid financial position.
The revised guidance suggests a conservative EBIT margin of 5.1% for Q4 2024. Despite the decrease in EBIT, the strong free cash flow forecast supports NuWays' confidence in INDUS, keeping the stock as an "Alpha Pick."
R. H.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de INDUS Holding AG