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INDUS HOLDING AG (FRA:INH) EQS-Adhoc: INDUS Holding AG: INDUS lowers its EBIT forecast for the financial year 2024 due to non-cash expenses from the annual impairment test

Transparency directive : regulatory news

31/10/2024 09:51

EQS-Ad-hoc: INDUS Holding AG / Key word(s): Change in Forecast
INDUS Holding AG: INDUS lowers its EBIT forecast for the financial year 2024 due to non-cash expenses from the annual impairment test

31-Oct-2024 / 09:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Public disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Keywords: Forecast adjustment

INDUS lowers its EBIT forecast for the financial year 2024 due to non-cash expenses from the annual impairment test

Bergisch Gladbach, 31 October 2024 – The Board of Management of INDUS Holding AG today decided to adjust the EBIT forecast for the current financial year 2024 from the EBIT forecast of between EUR 125 million and EUR 145 million last published on 31 July 2024 to between EUR 115 million and EUR 125 million.

This is mainly due to the annual impairment test, which was carried out as part of the current planning process as of the reporting date of 30 September 2024. As a result of this assessment, the Board of Management concluded that non-cash impairments of goodwill and intangible assets in the amount of EUR 5.2 million in the Infrastructure segment and EUR 1.5 million in the Materials segment are required in the third quarter of 2024. The need for these impairments resulted from reduced forecasts of future cash flows for the two units affected by the impairments.

Taking into account these impairments in an aggregate amount of EUR 6.7 million, the preliminary business figures for the first nine months of the financial year 2024 are sales of around EUR 1.28 billion (previous year: EUR 1.36 billion) and operating income (EBIT) of around EUR 95.9 million (previous year: EUR 116.9 million).

The Board of Management continues to expect revenues for financial year 2024 to be in the range of EUR 1.70 to EUR 1.80 billion, the EBIT margin to be between 7 and 8 %, and the free cash flow to exceed EUR 110 million.

The composition of revenues and operating income (EBIT) corresponds to the presentation on page 72 of the 2023 Annual Report of INDUS Holding AG.

Important notice:
This release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of INDUS Holding AG and involve known and unknown risks and uncertainties that could cause actual results, income or events to differ materially from those expressed or implied in such statements. INDUS Holding AG assumes no obligation to update forward-looking statements.


Contact:
Dafne Sanac & Nina Wolf
Investor Relations & Public Relations

INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany

Tel +49 (0) 022 04 / 40 00-32
Tel +49 (0) 022 04 / 40 00-73
E-Mail investor.relations@indus.de
E-Mail presse@indus.de
www.indus.de/en/


End of Inside Information

31-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
EQS News ID: 2019599

 
End of Announcement EQS News Service

2019599  31-Oct-2024 CET/CEST

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source : webdisclosure.com



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