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INDUS share lightly green: INDUS returns to its old profit target

The investment company INDUS Holding continued to recover from the corona pandemic in the third quarter.

However, management is returning to its old profit targets for the year due to current global supply bottlenecks and rising material prices. The company only set the bar higher after good business in the first half of the year. But with a view to the end of the year and the beginning of 2022, according to the SDax company, considerable uncertainties remain. For example, the vehicle technology segment is likely to be burdened in the final quarter by “a lack of requests from the automotive industry”, announced INDUS Holding on Thursday in Bergisch-Gladbach.

INDUS Holding expects earnings before interest and taxes (EBIT) between 95 and 110 million euros for the year, 5 million euros less than previously planned. In terms of sales, the target is unchanged from 1.6 to 1.75 billion euros. In the first nine months, sales rose to 1.3 billion euros after 1.16 billion a year ago. The operating result had multiplied to 78.6 (previous year: 4.3) million euros. The bottom line was that INDUS Holding returned to the black with 39.4 million euros. A year ago there was a shortfall of 33.5 million euros.

The INDUS share is temporarily 0.28 percent higher via XETRA at EUR 35.25.

/ tav / stk

BERGISCH GLADBACH (dpa-AFX)

Reference-www.finanzen.at

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