INDUS Holding Reports Growth in Q3 Sales and Adjusted EBITA

INDUS Holding AG, a stock exchange-listed company, reported an increase in both sales and adjusted EBITA in the third quarter of 2024. Sales reached EUR 1,282.2 million, with an EBIT of EUR 95.9 million at the nine-month mark. The Engineering and Infrastructure segments contributed significantly to income growth.

The acquisition of DECKMA, a ship equipment manufacturer, bolstered the Engineering segment, and the recognition of impairment losses decreased compared to the previous year. Despite challenges in the Materials segment, earnings after taxes increased to EUR 50.0 million.

The company maintained a free cash flow projection above EUR 110 million for the year and an equity ratio of 37.9% as of September 30, 2024. A cautiously optimistic outlook projects sales between EUR 1.70 billion and EUR 1.80 billion for the full year, with an expected EBIT margin of 7.0% to 8.0%.