Brief: Indus Now Sees FY EBIT Of Between EUR 46-61 Mln

Indus Holding AG

24/10/2022 16:06

Oct 24 (Reuters) - INDUS HOLDING AG  INHG.DE :
    * BURDEN ON AUTOMOTIVE TECHNOLOGY SEGMENT'S INCOME TO
DECLINE
NOTICEABLY WITH IMMEDIATE EFFECT
    * S.M.A. METALLTECHNIK, INDUS PORTFOLIO COMPANY, FILED FOR
OPENING
OF SELF-ADMINISTRATION PROCEEDINGS WITH AIM OF RESTRUCTURING
COMPANY
    * THIS WILL RESULT IN ONE-TIME NON-CASH EXPENSES OF AROUND
EUR 61
MILLION FOR INDUS
    * OPERATING LOSSES OF APPROX. EUR 7 MILLION PROJECTED TO BE
INCURRED BY SMA IN NOVEMBER AND DECEMBER 2022 WILL CEASE TO
APPLY
    * IN VIEW OF ONE-TIME EXPENSES, FORECAST DATED 3 AUGUST HAS
BEEN
ADJUSTED FROM EBIT OF BETWEEN EUR 100 AND 115 MILLION TO EBIT OF
BETWEEN EUR 46 AND 61 MILLION
    * REVENUE FORECAST FOR 2022 FINANCIAL YEAR OF BETWEEN EUR
1.90
BILLION AND EUR 2.00 BILLION REMAINS UNCHANGED

Source text for Eikon:  ID:nEQ9lLshga 
Further company coverage:  INHG.DE 
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