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DGAP-News: INDUS Holding AG / Key word(s): Preliminary Results Preliminary nine-month figures: INDUS confirms guidance

08.11.2013 / 10:00

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Preliminary nine-month figures: INDUS confirms guidance

- Kieback-Schfer Group acquires model builder D.M.S. to strengthen its systems expertise

Bergisch Gladbach, 8 November 2013 - In spite of weak economic activity in the eurozone, INDUS reached its sales and EBIT targets in the third quarter of 2013. After a moderate start to the year, the business situation improved notably as the year progressed. The EBIT margin for the third quarter climbed from 9.0% in Q1 and 9.4% in Q2 to 10.3% in the third quarter. Based on preliminary Group figures, sales revenues are expected to stand at approx. EUR 887 million as of the nine-month stage (previous year: EUR 830 million), while the preliminary operating result (EBIT) is expected to come in at EUR 85 million (previous year: EUR 81 million).

'Based on the good performance to date, we expect to generate an operating result of EUR 108 million to 110 million in the current fiscal year. Our sales revenues will increase significantly and reach between EUR 1.1 billion and 1.2 billion' said INDUS CEO Jrgen Abromeit.

New acquisitions strengthen the portfolio

With effect from 1 September 2013, the Kieback-Schfer Group, an INDUS investment in the Vehicle Engineering segment, today acquired D.M.S., Reichertshofen and Munich/Germany. D.M.S provides services to the automotive and commercial vehicle industry, ranging from concept development to clay and hard models and from event models to show cars. Key customers include BMW, MAN (trucks), Magna Steyr, VW, Schrter and, since recently, Chinese car maker Qoros. Employing approx. 20 people, the company will generate sales revenues of roughly EUR 6 million in 2013.

Headquartered in Osnabrck, the Kieback-Schfer Group develops pre-series functional, testing and cubing models and produces prototype parts for small series as well as for niche and special vehicles. The range of services is complemented by Designstudio KS Pollmann, a Schfer subsidiary. With the latest acquisition, the Kieback-Schfer Group will cover the complete development chain for the auto industry, from design to finished pre-series components. The Group will generate sales revenues of approx. EUR 30 million in 2013.

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PRESS RELEASE: Preliminary nine-month figures: INDUS confirms guidance