Brief: Indus Lowers Its EBIT Forecast For The Financial Year 2024

Indus Holding AG

31/10/2024 08:59

Oct 31 (Reuters) - INDUS HOLDING AG  INHG.DE :
    * LOWERS ITS EBIT FORECAST FOR THE FINANCIAL YEAR 2024 DUE
TO
NON-CASH EXPENSES FROM THE ANNUAL IMPAIRMENT TEST
    * ADJUSTS 2024 EBIT FORECAST TO EUR 115-125 MILLION
    * LOWERS EBIT FORECAST FOR 2024 DUE TO NON-CASH EXPENSES
    * 9M OPERATING INCOME (EBIT) OF AROUND EUR 95.9 MILLION
(PREVIOUS
YEAR: EUR 116.9 MILLION)
    * CONTINUES TO EXPECT REVENUES FOR FINANCIAL YEAR 2024 TO BE
IN
RANGE OF EUR 1.70 TO EUR 1.80 BILLION
    * CONTINUES TO EXPECT EBIT MARGIN TO BE BETWEEN 7 AND 8 %,
AND
FREE CASH FLOW TO EXCEED EUR 110 MILLION FOR 2024

Source text:  ID:nEQ82HQjxa 
Further company coverage:  INHG.DE 

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