INDUS Holding AG Maintains Stable Outlook Amid Financial Adjustments

INDUS Holding AG has maintained its financial outlook for 2024 despite a challenging environment marked by political uncertainties in key markets. The company reported Q3 sales of €443.1 million, slightly lower than the previous year but an improvement over H1 2024. The EBITA margin rose to 9.9% from 8.8% in the first half.

An annual impairment test impacted EBIT negatively by €6.7 million. Nevertheless, nine-month earnings post-tax increased by 15.2% to €50 million, with EPS climbing by 18.1% to €1.89. INDUS plans a public share buyback offer and maintains a positive forecast with expected sales between €1.7 billion and €1.8 billion and an EBIT margin of 7%-8%.

The upcoming share buyback aims to acquire up to 0.7 million shares, aligning with the company's focus on attractive valuation and maintaining shareholder-friendly policies.