INDUS Performs in Line with Expectations in a Difficult Environment

INDUS Holding AG reported first-half 2024 sales of EUR 839.1 million and EBIT of EUR 64.1 million. Despite a weak economy, these figures aligned with forecasts. The EBIT margin reached 8.7% in Q2, showing operational excellence and cost management as key drivers.

Earnings per share rose significantly to EUR 1.21, driven by the absence of charges from discontinued operations. Free cash flow also increased to EUR 41.2 million, providing scope for further acquisitions, with three already completed in the Engineering and Infrastructure segments.

However, lower demand impacted sales across sectors. The Infrastructure segment's sales fell to EUR 276.8 million, while EBIT rose to EUR 29.7 million. Materials and Engineering also saw declining sales but improved margins in Q2.

Given weak market conditions, INDUS adjusted its full-year forecast to project lower sales between EUR 1.70 billion and EUR 1.80 billion, with EBIT expected between EUR 125 million and EUR 145 million.