Brief: Indus Holding Adjusts Its FY Forecast Due To Non-Cash Impairments On The Consolidated Book Values Of The SMA Group

Indus Holding AG

24/10/2022 13:38

Oct 24 (Reuters) - INDUS HOLDING AG  INHG.DE :
    * FORECAST ADJUSTMENT FOR THE CURRENT FISCAL YEAR DUE TO
NON-CASH
IMPAIRMENTS ON THE CONSOLIDATED BOOK VALUES OF THE SMA GROUP
    * FORECAST ADJUSTMENT FOR CURRENT FISCAL YEAR DUE TO
NON-CASH
IMPAIRMENTS ON CONSOLIDATED BOOK VALUES OF SMA GROUP
    * EXTENT TO WHICH THIS CAN ALREADY BE TAKEN INTO ACCOUNT IN
INTERIM REPORT FOR Q3 WITH A REPORTING DATE OF 30 SEPTEMBER 2022
IS CURRENTLY BEING EXAMINED
    * THIS RESULTS IN AN ADJUSTMENT OF FORECAST OF 3 AUGUST 2022
TO AN
EBIT OF BETWEEN EUR 46 AND 61 MILLION
    * IN 2022, SMA HAS ACCOUNTED FOR MORE THAN HALF OF (EBIT-)
LOSSES
IN AUTOMOTIVE TECHNOLOGY SEGMENT UP TO CURRENT POINT IN TIME.
FROM NOW ON, FURTHER OPERATING BURDENS CAUSED BY SMA WILL CEASE
TO APPLY
    * REVENUE FORECAST FOR 2022 FINANCIAL YEAR OF EUR 1.90 TO
2.00
BILLION REMAINS UNCHANGED
    * REVENUE FORECAST FOR 2022 FINANCIAL YEAR OF EUR 1.90 TO
2.00
BILLION REMAINS UNCHANGED

Source text for Eikon:  ID:nEQ1Dss29a 
Further company coverage:  INHG.DE 
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