INDUS Holding AG Revises 2024 Sales and EBIT Forecasts Downward

On July 31, 2024, INDUS Holding AG announced a downward adjustment to its sales and EBIT forecasts for the 2024 financial year. The revised expectations now place group sales between EUR 1.70 billion and EUR 1.80 billion, down from the previous forecast of EUR 1.85 billion to EUR 1.95 billion. Operating income (EBIT) is anticipated to be between EUR 125 million and EUR 145 million, compared to the earlier estimate of EUR 145 million to EUR 165 million.

The EBIT margin outlook has also been reduced to a range of 7.0% to 8.0%, from the prior range of 7.5% to 8.5%. These adjustments reflect the ongoing unfavorable macroeconomic conditions and reduced expectations from INDUS portfolio companies for the latter half of 2024.

INDUS plans to publish its consolidated financial statements for the first half of 2024 on August 13, 2024, with results expected to align with capital market forecast.