INDUS Holding Q1 2024: Stellar Sales of €410M and EBIT of €26.7M

• INDUS Holding AG generated sales of EUR 410 million and EBIT of EUR 26.7 million in the first quarter of 2024.
• The decline in sales and income compared to the previous year is attributed to the weak economy and customers' reluctance to buy and spend.
• INDUS confirmed its guidance for the full year, projecting sales of between EUR 1.85 and 1.95 billion and operating income (EBIT) of between EUR 145 and 165 million for the financial year 2024.
• INDUS plans to make acquisitions totalling EUR 70 million in 2024 and has already made three complementary acquisitions in the first quarter.
• Operating cash flow in the first three months was EUR 12.1 million, well above the level of the previous year (EUR 1.5 million). The free cash flow forecast for the full year remains unchanged at EUR 110 million.
• INDUS successfully completed a share buyback program for 1.1 million shares in March 2024 and now holds 4.09% of the share capital as treasury shares.

The next important date, Publication of quarterly financial report (as of Q1), at INDUS Holding is on 14.05.2024.

The price of INDUS Holding at the time of the news was 28,30EUR and was up +0,71 % compared with the previous day.
27 minutes after the article was published, the price was 28,28EUR this corresponds to a minus of -0,09 % since publication.
At this time, the index SDAX was at 14.872,79PKT (+0,24 %).

INDUS Holding

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ISIN:DE0006200108WKN:620010

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