Brief: Indus Holding FY EBIT Down At EUR 25.1 Mln

Indus Holding AG

23/03/2021 06:48

March 23 (Reuters) - INDUS HOLDING AG  INHG.DE :
    * INDUS ACQUIRES HIDDEN CHAMPION IN GROWING CONSTRUCTION
INDUSTRY
    * PROPOSED DIVIDEND OF EUR 0.80 AT PRIOR YEAR LEVEL
    * NOTICEABLE RECOVERY EXPECTED IN TRANSITION YEAR 2021; GOOD
START
TO YEAR
    * IN FINANCIAL YEAR 2020, INDUS HOLDING AG GENERATED SALES
OF EUR
1.56 BILLION (PREVIOUS YEAR: EUR 1.74 BILLION)
    * OPERATING CASH FLOW IN PAST FINANCIAL YEAR INCREASED TO
EUR
174.4 MILLION (PREVIOUS YEAR EUR 167.7 MILLION)
    * FY EBIT) STOOD AT EUR 25.1 MILLION (PREVIOUS YEAR EUR
117.9
MILLION)
    * FY EARNINGS AFTER TAXES AMOUNTED TO EUR -26.9 MILLION
(PREVIOUS
YEAR EUR 60.1 MILLION).
    * PROJECTS SALES OF BETWEEN EUR 1.55 BILLION AND EUR 1.70
BILLION
IN 2021
    * EXPECTS TO RETURN TO CLEARLY HIGHER EARNINGS BEFORE
INTEREST AND
TAXES (EBIT) OF EUR 95 BILLION TO EUR 110 BILLION IN 2021
    * WILL ACQUIRE 70 PERCENT OF SHARES IN WIRUS FENSTER GMBH &
CO. KG
(WIRUS) HEADQUARTERED IN RIETBERG-MASTHOLTE IN DISTRICT OF
GÜTERSLOH

Source text for Eikon:  ID:nEQ7sJFPca 
Further company coverage:  INHG.DE 

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