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PRESS RELEASE: INDUS reports strong third quarter

DGAP-News: INDUS Holding AG / Key word(s): Quarter Results INDUS reports strong third quarter

21.11.2013 / 08:00

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INDUS reports strong third quarter

- Results for Q3: Sales revenues EUR 314.3 million, EBIT EUR 32.3 million, EBIT margin 10.3%

- Positive performance expected to continue in 2014

Bergisch Gladbach, 21 November 2013 - The business of INDUS Holding AG improved from quarter to quarter in 2013. Consolidated sales revenues increased to EUR 887.1 million at the nine-month stage (Q1-Q3 2012: EUR 830.0 million). INDUS generated EBIT of EUR 85.3 million (Q1-Q3 2012: EUR 81.2 million) and an EBIT margin of 9.6% (Q1-Q3 2012: 9.8%). At EUR 43.5 million, net income for the period clearly exceeded the prior year level (Q1-Q3 2012: EUR 37.9 million).

INDUS grows as announced at the beginning of the year

Sales revenues of the INDUS Group have grown by approx. 7% in the year to date. This growth is attributable both to the partial consolidation of the six new acquisitions and to additional organic growth. The strongest growth was reported in the Mechanical Engineering segment, where the two largest new additions, BUDDE and ELTHERM, were consolidated for the first time. Due to depreciation effects from the first-time consolidation, the operating results of these companies are included in the segment results only to a limited extend. Earnings before interest and taxes (EBIT) of the Mechanical Engineering segment nevertheless increased by 20%. The Vehicle Engineering segment also showed an above-average performance, with sales revenues growing by 6% and earnings up by approx. 40%, which reflects the profit-enhancing measures announced at the beginning of the year. The Medical Engineering segment performed reliably and generated a strong margin. The Construction/Infrastructure segment reported particularly strong growth in the third quarter, thus offsetting the weakness of the beginning of the year. As a result, sales revenues and earnings of this segment reached the prior year level at the nine-month stage. Metal Engineering showed a similar performance, whose sales revenues increased by approx. 2%; due to minor one-time effects and price pressure, the segment's margin declined moderately, however.

Cash flow increases, net debt and equity capital remain stable

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PRESS RELEASE: INDUS reports strong third quarter

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By: Jodi Williams

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Web Design - Word Press Wrapper http://www.go2im.com/a/webdesign - Video

“Selfie” beats out twerk for word of the year

LONDON (AP) Michelle Obama shared one with her first dog Bo, Hillary Clinton tweeted one with her daughter Chelsea. Now selfie the smartphone self-portrait has been declared word of the year for 2013, according to Britain's Oxford University Press.

The publisher of the Oxford dictionaries said Tuesday that selfie saw a huge jump in usage in the past year, bursting from the confines of Instagram and Twitter to become mainstream shorthand for any self-taken photograph.

Researchers behind the renowned dictionaries pick a prominent word or expression in the English language each year that best reflects the mood of the times. Previous words of the year have included unfriend in 2009, credit crunch in 2008, carbon footprint in 2007 and Sudoku in 2005.

Judy Pearsall, the editorial director for Oxford Dictionaries, said selfie appeared to have been first used in 2002 on an Australian online forum, and the hashtag #selfie appeared on the photo-sharing website Flickr in 2004.

But usage wasn't widespread until around 2012, when 'selfie' was being used commonly in mainstream media, she said.

Australian English sometimes uses the suffix -ie such as barbie for barbeque and tinnie for a can of beer which helps to explain where selfie may have come from, Pearsall added.

Oxford usually assigns a separate word of the year to the U.S. and to the U.K., but it said selfie captured the imagination on both sides of the Atlantic this year.

The term beat other buzzwords including twerk, the sexually provocative dance move that got a huge boost in usage thanks to an attention-grabbing performance by pop star Miley Cyrus; showrooming, the practice of visiting a shop to look at a product before buying it online at a lower price; and Bitcoin, the digital currency that gained widespread media attention.

Also making the shortlist was binge-watch, a verb that describes watching many episodes of a TV show in rapid succession.

The words were chosen by a research program that monitors online content and collects around 150 million words of English in use each month.

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“Selfie” beats out twerk for word of the year

Wise: A word you shouldn’t use in any sentence

Its been a soul-crushing, if illuminating, few weeks for this Caucasian social-justice minister.

First, shortly after Jonathan Martin walked away from his NFL career with the Miami Dolphins, we learned that Martins white teammate Richie Incognito repeatedly used the N-word to ridicule him and that some black teammates actually gave Incognito license to use the word, one former teammate referring to him as an honorary brother.

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The Post Sports Live crew discusses the suspension of Miami Dolphins guard Richie Incognito and why his racist and threatening text messages to teammate Jonathan Martin are not typical NFL hazing.

Then Matt Barnes, after being ejected from an NBA game, used the word in a tweet, for which he was fined $25,000 and later defended by Michael Wilbon, Charles Barkley and others, whose message was essentially, Leave the young brother alone.

All this time I had it in my leftist-engineer head that this word was the most vile, disgusting, loaded word in the history of the English language, and now its an accepted synonym for man or dude or partner? More jarring, Wilbon said he used it all day, every day, all my life, specifying on Pardon the Interruption, I have a problem with white people framing the discussion for the use of the N-word.

Okay.

And I have a problem with anyone of any ethnicity telling me that my values and beliefs about eradicating slurs from public and private conversation are less important than having agency over them for personal use no matter who it hurts, including millions of African Americans who want the word abolished and should have just as much say.

Actually, its deeper than that. When you think youre fighting for a less hostile, less confusing and more mutually respectful country for our children to live in and then you find out your idea of a shared purpose wasnt shared by people you like and respect, a real hopelessness sets in.

The N-word is filth; its disrespectful, confusing and uplifts no one. I know of no other minority in the world co-opting a dehumanizing, racial slur used by its oppressor.

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Wise: A word you shouldn’t use in any sentence

How to make a post on Word Press – Video


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By: Katherine Elder

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How to make a post on Word Press - Video