Germany's INDUS Q1 revenue rises 9.7% on materials segment strength

Indus Holding AG

12/05/2026 06:39

Overview

Germany investment firm's Q1 revenue rose 9.7% yr/yr to EUR 441.6 mln

Adjusted EBITA margin improved to 9.6%, driven by Materials Solutions segment performance

Q1 net income and EPS were nearly flat yr/yr due to prior year's tax benefit

Outlook

INDUS raises 2026 group revenue outlook to EUR 1.85 bln-2.05 bln

Company expects 2026 adjusted EBITA of EUR 160 mln-190 mln, margin of 8.0%-10.0%

Free cash flow for 2026 seen at least break-even

Result Drivers

MATERIALS SOLUTIONS PRICE EFFECT - Sharp rise in tungsten carbide feedstock prices drove substantial revenue and earnings growth in Materials Solutions segment

HIGHER VOLUMES - About one-third of revenue growth in Materials Solutions segment attributed to increased sales volumes

ORDER MOMENTUM - Incoming orders continued positive trend, supporting revenue growth across segments

Company press release: ID:nEQ4HfJVma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 441.60 mln
Q1 EPS
EUR 0.64
Q1 Net Income
EUR 16 mln
Q1 EBIT
EUR 36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

Wall Street's median 12-month price target for Indus Holding AG is €33.50, about 4.9% above its May 11 closing price of €31.95

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)