Indus shares slump after outlook cut
08/05/2025 09:12
** Shares in Indus INHG.DE fall 9% after the German industrial investment company revised downwards its 2025 outlook on Wednesday ** The company now expects revenues of 1.7-1.8 bln euros (previously: 1.75-1.85 bln euros) and an adjusted EBITDA of 130-165 mln euros (previously: 150-175 mln euros) ** Indus said it was lowering its outlook due to the "disruptive U.S. customs policy since April 2" and Chinese export controls on tungsten and tungsten compounds ** The stock is on track for its worst day since March 2020 (Reporting by Bernadette Hogg) ((bernadette.hogg@thomsonreuters.com))