INDUS Holding AG Revises 2024 EBIT Forecast Due to Impairment

INDUS Holding AG has announced a revision in its EBIT forecast for the financial year 2024, linked to non-cash expenses following its annual impairment test. Initially estimated between EUR 125 million and EUR 145 million, the new forecast falls to a range of EUR 115 million to EUR 125 million.

The adjustment is attributed to impairment tests as of 30 September 2024, leading to non-cash impairments of EUR 5.2 million in the Infrastructure segment and EUR 1.5 million in the Materials segment, resulting in a total impairment of EUR 6.7 million. Reduced forecasts of future cash flows in these segments led to the impairments.

Despite the adjustments, INDUS maintains its revenue expectations for 2024 between EUR 1.70 and EUR 1.80 billion, with an EBIT margin of 7 to 8% and a free cash flow surpassing EUR 110 million.